As of February 2015, Ollie's Bargain Outlet has 19 product categories that include books and stationery, carpet, domestic products, food, hardware, seasonal items and toys. It specializes in closeout items, excess inventory and salvaged products. Product selections and specials vary based on each specific location.
Ollie's Bargain Outlet is a retail chain that began in 1982 and now has over 150 stores open. The chain buys products at below-wholesale prices through methods such as bankruptcy sales. It purchases items from a network of suppliers, so each store has a variety of merchandise that changes frequently. Brands carried at the stores include Rubbermaid, Mirro, Ekco, Mattel and Igloo.
The Ollie's Bargain Outlet website includes current and future deals that can be found at local stores. It also features discounted clearance items. Products are only sold in-store, not on the website. The company has a 30-day return policy, so items with a receipt can be returned for a full refund up to 30 days after the purchase date.
Morton Bernstein founded Ollie's Bargain Outlet. The co-founder, Oliver E. Rosenberg, was the inspiration for the name and the cartoon character of Ollie that is featured on the website and in stores. The company's motto is "Good Stuff Cheap."