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Ollie's Bargain Outlet Holdings, Inc., commonly referred to as Ollie's Bargain Outlet is an American chain of discount closeout retailers.It was founded in Mechanicsburg, Pennsylvania, in 1982 by Morton Bernstein and Mark L. Butler with backing from Harry Coverman and Oliver E. "Ollie" Rosenberg; the latter of whom is the namesake of the company.
A closeout or clearance sale (also called a closing down sale in the United Kingdom [1]) is a discount sale of inventory either by retail or wholesale. It may be that a product is not selling well, or that the retailer is closing because of relocation, a fire (a fire sale ), over-ordering, or especially because of bankruptcy . [ 2 ]
The partners opened a small toy shop called Kiddicraft on Godstone Road in Purley, Surrey. Originally, Page imported wooden toys from Russia, but later began to introduce his own designs. [4] Page had become increasingly unhappy using wood as a material for children's toys and was an early advocate of plastics as a safe and hygienic alternative ...
The company became a direct competitor to Toys "R" Us in 1994, when it expanded its mall locations and began opening stores known as KB Toy Works, [6] which operated in strip malls and sold current and closeout toys. [20] KB Toy Works stores were larger than regular KB Toys stores, [21] which averaged 3,500 sq ft (330 m 2). [20]
The latest Apple iPad Mini is 20% off today, the lowest price its been in 30 days, and a whopping $100 off its usual $400 price tag. While Apple often marks down older products throughout the year ...
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