Ollie's Bargain Outlet Says It Is The Winning Bidder In Latest Bankruptcy Sale Process To Acquire Eight Additional Former Big Lots Store Leases
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Ollie's Bargain Outlet has successfully bid to acquire eight former Big Lots store leases in a bankruptcy auction. This acquisition is part of a larger closure of 170 Big Lots stores and is subject to court approval.
October 29, 2024 | 11:33 am
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Ollie's Bargain Outlet has won the bid to acquire eight former Big Lots store leases, pending court approval. This move is part of a strategic expansion amid Big Lots' store closures.
Ollie's acquisition of additional store leases from Big Lots' bankruptcy auction indicates strategic growth and expansion. This could positively impact OLLI's stock as it increases its retail footprint.
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