New Facility Brings More Jobs and Economic Growth to Princeton HARRISBURG, Pa. , Aug. 21, 2024 /PRNewswire/ -- Ollie's Bargain Outlet Holdings, Inc.
(Nasdaq: OLLI ) gathered today with officials from the Illinois Department of Commerce and Economic Opportunity and the city of Princeton to celebrate the grand opening and ribbon cutting of the new Ollie's distribution center in Princeton, Illinois . The more than 615,000 square foot facility is now open and is a crucial part of Ollie's growth plan in support of the company's nationwide expansion efforts to open more than 1,300 stores. Ollie's new facility, representing a capital investment of over $75 million , brings more than 200 new full-time jobs to Princeton , generating economic benefits for the region.
"This is a monumental day for Ollie's as we further expand into the Midwest market," said Eric van der Valk , President at Ollie's. "We are excited to bring more Real Brands and Real Bargains to shoppers, providing them with the products they need and love at prices they can afford. The opening of our first Midwest distribution center enhances our ability to service 150 plus stores, fueling the next phase of our growth.
Along with delivering more bargains, this new facility has created valuable jobs for the hardworking people in America's heartland. We are grateful for the tremendous support from state and city officials, as well as the warm welcome from Illinois residents. We are proud to be part of this community.
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