Ollie's Bargain Outlet will soon open a new distribution center in Princeton, Ill.
Ollie's Bargain Outlet celebrated the topping out of its new distribution center being constructed in the Illinois community of Princeton.
As part of the ceremony, a signed steel beam was placed on the 615,000 square foot facility’s roof, which signals the next phase of construction. Scheduled to open in 2024, the new distribution center is a crucial part of Ollie's growth plan in support of the company's nationwide expansion efforts to open more than 1,050 stores.
The Princeton facility, representing a capital investment of more than $75 million in the coming years, will also create more than 200 new full-time jobs.
"This is an exciting day for Ollie's,” said Eric van der Valk, the retailer’s executive vice president and chief operating officer. “We are looking forward to expanding into the midwest market and delighted to deliver real bargains on products that shoppers need and use in their everyday lives.”
The construction of the retailer’s first distribution center in the midwest will give the company the capacity to service an additional 150 to 175 stores, supporting the next leg of its new store growth.
The facility will service nine Ollie's stores in Illinois, as well as more than 150 stores across the midwest, including the 500th store in Iowa City, Iowa – the retailer’s 30th state.