Ollie’s Opens New Stores, Shares Point Down

Ollie's (NASDAQ:OLLI) shares declined Wednesday, as America's largest retailer of closeout merchandise and excess inventory, announced the Grand Opening of four new stores in Wisconsin! The new locations, all former Big Lots stores, will bring brand name bargains to the Fond Du Lac, Sheboygan, West Bend, and Mt. Pleasant markets. Shoppers will find everyday low prices on books, flooring, food, housewares, toys, electronics, stuff for your bedroom and bathroom, health and beauty products, pet supplies, and so much more for up to 70% off the fancy store prices! Check the grand opening on Wednesday. CEO Eric van der Valk commented, "We could not be more excited to expand our presence in the great state of Wisconsin. The hard-working people of Wisconsin know a great deal when they see one and they deserve Good Stuff Cheap. With the closing of Big Lots stores, we're thrilled to provide shoppers in Fond Du Lac, Sheboygan, West Bend, Mt. Pleasant and its surrounding areas with a treasure hunt experience where they can find a huge selection of brand name merchandise at up to 70% off the fancy stores' prices every day."Ollie's brings approximately 50-60 new jobs to the local community. Ollie's employs over 12,000 associates across the company.OLLI opened trading down 86 cents to $102.55.