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Ollie’s Bargain Outlet IPO raises $143 million as chain looks to expand
New York -- Ollie’s Bargain Outlet raised $143 million in a wildly successful initial public stock offering that positions the company for steady expansion of its 181 unit store base beyond core markets.
Ollie’s co-founder and CEO Mark Butler told Retailing Today that although the company has identified 950 suitable store locations, proceeds from the IPO will be used to repay debt and the company will maintain a measured pace of expansion.
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Dollar Tree names a new COO
Dollar Tree Inc. has promoted one of its senior executives to be its next chief operating officer.
The company announced that Michael Witynski has been named COO and be responsible for store operations of Dollar Tree bannered stores in the United States, real estate for Dollar Tree bannered stores in the U.S. and all retail operations and real estate in Canada.

