OLLI Stock Recent News
OLLI LATEST HEADLINES
Cautious Consumer Spending: U.S. consumers are tightening their belts in 2025 due to inflation fears and new tariffs, impacting retail stocks and potentially leading to over 15,000 store closures. Ollie's Bargain Outlet is well-positioned to benefit from the retail turbulence by acquiring closeout items cheaply and expanding its store footprint. Expansion and Loyalty: Ollie's plans to open 56 new stores in 2025, leveraging its new distribution center and growing its loyal customer base, including younger shoppers.
The 2024 holiday shopping season was a robust one. However, January has been nicknamed 'Returnuary' after the age-old tradition of returning products to retailers every year.
HARRISBURG, Pa., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced the appointment of Eric van der Valk to President & Chief Executive Officer, effective February 2, 2025. In connection with his appointment to CEO, Eric van der Valk has also been added to the Company's Board of Directors, thereby increasing the total number of directors to ten from nine. In conjunction with this, John Swygert has been appointed to Executive Chairman of the Board. These transitions complete the Company's Leadership Succession Plan, which was previously announced in June 2024.
Consumer staples stocks like TSN, OLLI and MO, are a safe bet during times of market volatility.
Discount retail stock Ollie's Bargain Outlet Holdings Inc (NASDAQ:OLLI) has been on an extended descent since its Dec. 20, three-year high of $120.00.
Consumer staple stocks like CLX, MO, OLLI and TSN are a safe bet during times of market volatility.
With its focus on expansion and customer engagement, Ollie's Bargain is well-positioned to capitalize on market opportunities.
The Zacks Consumer Products - Staples industry participants thrive on innovation and digital growth, catering to evolving consumer preferences. Solid saving efforts keep KMB, CLX, ACI and OLLI well-placed amid cost challenges.
Ollie's Bargain's commitment to offering value-driven merchandise assortments has made it a formidable player in the marketplace.
Ollie's Bargain Outlet (OLLI) could produce exceptional returns because of its solid growth attributes.