Ollie's Bargain Outlet plans to open 75 new stores, acquired 40 Big Lots locations.

From StockTwits: 2025-02-28 03:52:44

Ollie’s Bargain Outlet Holdings Inc. plans to accelerate new store openings in 2025, aiming to open about 75 units, exceeding its 10% annual growth target. The company recently acquired 40 former Big Lots store leases, boosting retail sentiment and causing shares to rise 0.3% in after-hours trading. The acquisition is pending final bankruptcy court approval and customary closing conditions, with Ollie’s acquiring a total of 63 former Big Lots locations. Despite a recent downgrade from Jefferies, Ollie’s currently operates 568 stores in 31 states and its stock is down 9.7% year-to-date. Sentiment on Stocktwits has turned bullish.



Read more at StockTwits: Ollie’s Bargain Outlet Stock In Focus After Acquisition Of 40 Big Lots Store Leases: Retail Sentiment Brightens