What Big Lots Stores Did Ollie's Buy

It's a common question among bargain hunters and closeout enthusiasts: Did Ollie's Bargain Outlet buy Big Lots stores? The short answer is no. Ollie's hasn't acquired any Big Lots locations. They are distinct, publicly traded companies operating independently. Understanding this distinction and the business models of each retailer can actually be surprisingly useful in your daily life, especially when it comes to saving money and finding deals.

Understanding the Difference: Big Lots vs. Ollie's

While both Big Lots and Ollie's offer discounted merchandise, their sourcing strategies and target audiences differ slightly. Recognizing these nuances allows you to shop smarter and maximize your savings.

Big Lots: A Broader Range and More Upscale Image

Big Lots typically sources its inventory through closeouts, overstocks, and bankruptcies, but also includes a significant portion of regularly purchased goods. This means you'll find a wider variety of products, including brand-name furniture, electronics, seasonal items, and even food. They often present a slightly more polished shopping experience than Ollie's.

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Practical Application:

If you're looking for a specific brand of furniture, a particular type of kitchen appliance, or seasonal decorations, Big Lots might be your first stop. Check their weekly ads and online inventory to see if they carry what you need. Don't hesitate to compare prices with other retailers, as their "discount" may not always be the absolute lowest.

Ollie's Bargain Outlet: Deep Discounts and Treasure Hunts

Ollie's focuses almost exclusively on deeply discounted, closeout merchandise. Think overstocked books, discontinued tools, slightly damaged housewares, and odd-lot items. The shopping experience at Ollie's is often described as a "treasure hunt," where you never know what you'll find. Their mantra is "Good Stuff Cheap," and they prioritize rock-bottom prices above all else.

Ollie's Bargain Outlet Acquires Additional Big Lots Stores | Store Brands

Practical Application:

Ollie's is your go-to store for incredibly low prices on random items. Need cheap cleaning supplies? Looking for discounted books for your kids? Want to stock up on off-brand snacks? Ollie's is the place to look. Be prepared to sift through inventory, as the selection can be unpredictable and may include items with minor imperfections. Embrace the treasure hunt!

How This Knowledge Benefits You

Knowing that Big Lots and Ollie's are separate entities allows you to tailor your shopping strategy based on your needs and budget. Here's how:

Ollie’s Buys 40 Big Lots Locations, Supporting Plans for 75 New Stores

Targeted Shopping Trips

Instead of randomly visiting either store, consider what you're looking for and where you're most likely to find it at the best price. For example, if you need a new coffee maker, Big Lots might be a better option, as they often carry recognizable brands. However, if you just need some cheap mugs to go with it, Ollie's might offer a better deal on a bulk pack.

Comparative Price Shopping

Don't assume that either store always has the lowest price. Always compare prices with other retailers, especially online. Use price comparison websites and apps to see if you can find a better deal elsewhere. Remember to factor in shipping costs when comparing online prices.

Understanding Product Condition

At both stores, carefully inspect the products before you buy them. Closeout merchandise may have minor cosmetic imperfections or be missing parts. Ollie's is particularly known for selling items with slight damage, so be extra vigilant. Make sure you're comfortable with the condition of the item before you commit to the purchase.

Maximizing Savings Through Loyalty Programs

Both Big Lots and Ollie's offer loyalty programs that can help you save even more money. Big Lots has the Big Rewards program, which offers discounts, coupons, and early access to sales. Ollie's has Ollie's Army, which provides exclusive deals and a rewards card. Sign up for both programs to maximize your savings opportunities.

Ollie’s acquires 40 more Big Lots stores; other locations face

Leveraging Seasonal Sales and Promotions

Both stores run regular sales and promotions throughout the year. Pay attention to seasonal events like back-to-school, holidays, and end-of-season clearances. These are excellent opportunities to score even deeper discounts on already discounted merchandise. Sign up for email alerts or follow their social media accounts to stay informed about upcoming sales.

For Business Owners: Sourcing Supplies and Equipment

If you're a small business owner, Big Lots and Ollie's can be valuable resources for sourcing inexpensive supplies and equipment. Consider purchasing office supplies, cleaning products, or even furniture for your office at these stores. Just remember to factor in the quality and durability of the items, as they may not be as robust as products from more specialized suppliers.

Example: A small cleaning business could significantly reduce its supply costs by regularly checking Ollie's for discounted cleaning solutions, mops, and buckets. However, they should still invest in higher-quality equipment, like vacuum cleaners, from a reputable supplier.

Big Lots NH stores to become Ollie's Bargain Outlets. See list

For Educators and Non-Profit Organizations: Budget-Friendly Resources

Teachers and non-profit organizations can also benefit from shopping at Big Lots and Ollie's. They can find inexpensive books, school supplies, craft materials, and even furniture for their classrooms or offices. Be creative and think about how you can repurpose items to meet your needs.

Example: A teacher could purchase discounted books at Ollie's to build a classroom library or find inexpensive art supplies to create engaging lessons. A non-profit could furnish its waiting room with discounted furniture from Big Lots.

Practical Tips for Shopping at Big Lots and Ollie's

Go early: The best deals often sell out quickly, so try to visit the store early in the day or on weekdays to avoid crowds.
Be prepared to dig: Don't expect neatly organized shelves. Be prepared to sift through inventory to find what you're looking for.
Check for damage: Inspect all items carefully before you buy them to ensure they're in acceptable condition.
Read the fine print: Pay attention to return policies and warranties, as they may be different for closeout merchandise.
Don't buy it just because it's cheap: Only buy items that you actually need or will use. Otherwise, you're just wasting money.

Shopping Checklist: Big Lots & Ollie's

Use this checklist to maximize your savings and avoid common pitfalls when shopping at these stores:

[ ] Identify what you need or want.
[ ] Check weekly ads and online inventory (if available).
[ ] Compare prices with other retailers (online and offline).
[ ] Visit the store during off-peak hours.
[ ] Inspect items for damage or missing parts.
[ ] Read the return policy.
[ ] Use your loyalty program card.
[ ] Stick to your budget.
[ ] Ask for help if needed.

By understanding the differences between Big Lots and Ollie's and applying these practical tips, you can become a savvy shopper and unlock significant savings on a wide range of products. Happy bargain hunting!