HOPKINSVILLE, KY (CHRISTIAN COUNTY NOW) – The former Big Lots location in Hopkinsville will be transformed into an Ollie’s Bargain Outlet in the next few months.
Tom Kuypers, Marketing and Advertising SVP with Ollie’s, told Christian County Now that they have acquired the lease for the site at 2601 Fort Campbell Boulevard, and are anticipating a fall opening date.
In a previous news release, Ollie’s Bargain Outlet Holdings, Inc. announced the acquisition of 40 former Big Lots store leases from Gordon Brothers, with the company acquiring a total of 63 former Big Lots store leases to date.
Eric van der Valk, President and Chief Executive Officer of Ollie’s stated, “We are excited to announce the acquisition of an additional 40 former Big Lot store locations. Everything about these stores lines up well with our business and growth strategy. These locations are the right size, come with favorable lease terms, are located in existing and adjacent trade areas, and have long serviced value conscious consumers.”
The Ollie’s website says their store is America’s largest retailer of closeout merchandise and excess inventory. They offer extreme value on brand name products in a variety of departments, including housewares, food, books and stationery, bed and bath, floor coverings, toys, health and beauty aids, and more. They currently operate 568 stores in 31 states and growing.
“Similar to what we have done with previous store acquisitions over the past year, we will adjust our existing new store openings and prioritize the opening of the acquired stores in a manner that makes the most operational and financial sense,” Mr. van der Valk continued. “This acquisition, along with the investments we have made to position the company for sustainable long-term growth provides us with the opportunity to accelerate new store openings in 2025 above our 10% annual growth target and open approximately 75 units.”
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