Ollie's Opens Initial Retail Outlet in Nebraska
Ollie's Bargain Outlet Continues Growth Trajectory in 2021
Ollie's Bargain Outlet, America's largest retailer of closeout merchandise and excess inventory, has continued its impressive growth trajectory in 2021. While precise figures for 2021 are not explicitly detailed, recent growth trends and company milestones offer context for the scale of expansion around that period.
Expansion of New Locations and Jobs Created
In 2021, Ollie's made significant strides in expanding its store network, creating jobs, and solidifying its presence in various states. As of 2025, the company celebrates the opening of its 600th store, marking its presence in 34 states. This expansion includes the entry into new states such as New Hampshire. Ollie's typically opens about 75 new stores annually by acquiring bankrupt leases and targeting white space markets.
This growth has resulted in substantial job creation. As of 2025, Ollie's employs approximately 12,800 people, reflecting the alignment of store growth with job creation.
Financial Performance
Ollie's financial performance in 2021 mirrors its growth trajectory. In the fiscal year ended February 1, 2025, which corresponds roughly to the 2024-early 2025 period, Ollie's generated $2.27 billion in annual revenue, representing an 8.04% growth compared to the prior year. The last twelve months up to Q2 2025 showed revenue growth of 8.7%, reaching $2.34 billion, with quarterly revenue hitting $576.77 million and growth of 13.35% year-over-year.
The company’s solid financials and increasing footprint have boosted market confidence, reflected in recent stock price gains and buyback announcements.
Notable Achievements
Some notable achievements in 2021 include the opening of a new store in Omaha, Nebraska on July 2, and the scheduled grand openings for Boone, N.C., Pittsburg, Kan., Land O' Lakes, Fla., Ada, Okla., and Enid, Okla., in July. Ollie's also acquired the location for its new store in Belmont, New Hampshire through a Big Lots bankruptcy auction.
The Ollie's Experience
Ollie's offers shoppers a treasure-hunt experience with a huge selection of brand-name merchandise at up to 70% off the fancy stores' prices. The new store in Belmont, New Hampshire will be in a space previously occupied by a Big Lots store, similar to the store in Omaha, Nebraska which is off 72nd Street, next to Marshalls, and was previously occupied by Big Lots.
Loyalty Membership
Ollie's Army loyalty members grew to more than 15.5 million, a 9.2% increase. Each new Ollie's store brings about 50-60 new jobs to the local community.
In conclusion, while exact figures specifically for 2021 are not directly presented, the firm’s sustained growth trend in store openings, employment, and revenue from prior years through 2025 indicates that 2021 was part of a broader expansion and financial strengthening trajectory for Ollie’s Bargain Outlet. For more detailed information specific to calendar year 2021, further direct historic financial reports from Ollie’s or industry archives would be required beyond the current dataset.
[1] https://www.ollies.us/about-us/ [2] https://www.marketwatch.com/story/ollies-bargain-outlet-shares-jump-on-better-than-expected-q3-earnings-2021-10-27 [3] https://www.marketwatch.com/story/ollies-bargain-outlet-shares-jump-on-better-than-expected-q3-earnings-2021-10-27 [4] https://www.prnewswire.com/news-releases/ollies-bargain-outlet-announces-q3-2021-earnings-301413478.html [5] https://www.nasdaq.com/articles/ollies-bargain-outlet-stock-gains-on-better-than-expected-q3-earnings-2021-10-27
In 2021, Ollie's Bargain Outlet expanded its presence in the retail industry, opening new stores across multiple states, such as New Hampshire, and creating jobs for approximately 12,800 people by the end of 2025. Simultaneously, the company’s financial performance in the corresponding period demonstrated impressive growth, with a total revenue of $2.27 billion in 2024-early 2025, reflecting an 8.04% growth compared to the prior year.
