Ollie’s Buys 40 Big Lots Locations, Supporting Plans for 75 New Stores in 2025
In a significant move that underscores its growth strategy, Ollie’s Bargain Outlet has acquired 40 former Big Lots locations. This acquisition is not just a strategic expansion; it signals Ollie’s determination to solidify its presence in the competitive retail landscape, particularly in the discount retail sector. As the company aims to open 75 new stores by February 2026, this acquisition is an essential step in enhancing its footprint across the United States.
The acquisition comes on the heels of Big Lots’ bankruptcy filing, a situation that has prompted other low-price retailers to consider similar opportunities. In December 2024, Variety Wholesalers announced plans to purchase between 200 and 400 Big Lots stores, indicating a trend among discount retailers to capitalize on the fallout from Big Lots’ financial struggles. For Ollie’s, securing these locations not only provides immediate access to established retail spaces but also allows the company to tap into existing customer bases.
Ollie’s Bargain Outlet, known for offering extreme discounts on a wide variety of products, is well-positioned to make the most of this acquisition. The company’s business model focuses on providing value to customers, which aligns perfectly with the current economic climate where consumers are increasingly seeking budget-friendly shopping options. The retailer has built a loyal customer base by offering deeply discounted brand-name merchandise across multiple categories, including housewares, food, and home improvement products.
By acquiring these 40 locations, Ollie’s is not only increasing its number of stores but also enhancing its operational efficiency. Each of the former Big Lots locations comes equipped with infrastructure that can be quickly adapted for Ollie’s unique retail model. This means the company can begin operations at these sites more quickly than if it were starting from scratch. Furthermore, the strategic choice of locations is likely to draw in customers who were previously loyal to Big Lots, thus providing Ollie’s with an immediate revenue boost.
The plan to open an additional 75 stores by early 2026 reflects Ollie’s ambitious growth objectives. This expansion strategy is supported by a combination of acquisitions and organic growth, with the former Big Lots locations serving as a cornerstone of this initiative. The company’s management has expressed confidence in its ability to grow, citing strong sales performance and a well-defined pathway for expansion.
Moreover, this acquisition comes at a time when discount retailers are experiencing a surge in popularity. With inflation affecting everyday expenses, more consumers are turning to discount stores as a practical solution for their shopping needs. According to a report by the National Retail Federation, discount retailers have seen a significant increase in foot traffic, demonstrating that Ollie’s is aligning its growth strategy with current consumer behavior.
The competitive landscape for discount retailers is intensifying, and Ollie’s proactive steps are a clear response to this challenge. The acquisition of former Big Lots stores not only expands Ollie’s reach but also positions the brand as a prominent player in the discount retail market. As competitors like Variety Wholesalers also make strategic acquisitions, it becomes crucial for Ollie’s to differentiate itself through exceptional customer service and a unique product assortment.
In conclusion, Ollie’s Bargain Outlet’s acquisition of 40 Big Lots locations is a pivotal moment in its growth strategy, creating opportunities for expansion and increased market share. As the company prepares to open 75 new stores by 2026, its focus on providing value will resonate with consumers seeking affordable shopping experiences. The retail landscape is evolving, and Ollie’s is taking decisive steps to stay ahead of the curve, ensuring its position as a leading discount retailer.
retail, discountstores, OlliesBargainOutlet, retailacquisition, consumertrends