OLLIE'S CELEBRATES GRAND OPENING OF PRINCETON, IL DISTRIBUTION CENTER

Core Insights - Ollie's Bargain Outlet Holdings, Inc. has opened a new distribution center in Princeton, Illinois, marking its fourth facility and supporting the company's growth in the Midwest and national expansion [1][2][3] - The new distribution center spans over 615,000 square feet and will initially service approximately 60 stores across nine states, with plans to eventually service over 150 stores [2] - An investment of over $75 million has been made in the Princeton facility, which is expected to create over 200 new full-time jobs and provide significant economic benefits to the region [2][3] Company Expansion - The new distribution center is a key component of Ollie's strategy to open more than 1,300 stores nationwide, highlighting the company's commitment to delivering value and supporting economic growth [3] - Ollie's has received an Economic Development for a Growing Economy tax credit, which aligns with its investment goals in the local community [3] Current Operations - Ollie's currently operates 525 stores across 31 states and employs over 12,000 team members [3][4] - The company specializes in closeout merchandise and excess inventory, offering brand name products at discounted prices across various departments [4]