Ollie's Celebrates Construction Milestone At New Princeton Distribution Center
Portfolio Pulse from Benzinga Newsdesk
Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) celebrated a significant construction milestone for its new distribution center in Princeton, Illinois. The facility, part of Ollie's growth plan, represents a capital investment of over $75 million and is expected to create over 200 new full-time jobs. The center will service all nine Ollie's stores in Illinois and more than 150 stores across the Midwest. The facility is expected to be completed in 2024.
September 26, 2023 | 1:28 pm
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Ollie's Bargain Outlet Holdings is making a significant investment in a new distribution center, which is expected to boost its growth and expansion efforts. This could potentially lead to increased revenues and profitability in the future.
The construction of a new distribution center indicates Ollie's commitment to growth and expansion. This investment is expected to create over 200 jobs and service more than 150 stores, which could lead to increased sales and revenues. Therefore, this news is likely to have a positive impact on Ollie's stock price in the short term.
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