We lease the majority of our retail stores, often in second generation sites ranging in size from 23,000 to 50,000 square feet.
−Removed: Our corporate headquarters, located in Harrisburg, PA, is 58,200
−Removed: square feet and is leased under an agreement that expires in February 2033, with options to renew for three successive five-year periods.
+Added: Our corporate headquarters, located in Harrisburg, PA, is 58,200 square
+Added: feet and is leased under an agreement that expires in February 2033, with options to renew for three successive five-year periods.
Our corporate data center and additional office space is 19,800 square feet.
−Removed: We exercised our purchase
−Removed: option and acquired the space on August 31, 2021 for $1.2 million.
−Removed: Our 603,000 square foot distribution center located in York, PA is leased under an agreement that expires in March 2028 with options to renew for two successive five-year
−Removed: Our 962,000 square foot distribution center in Commerce, GA is leased under an agreement that expires in April 2024 with options to renew for three successive five-year periods.
−Removed: In 2019, we constructed our 615,000 square foot
−Removed: distribution center in Lancaster, TX.
+Added: Our 603,000 square foot distribution
+Added: center located in York, PA is leased under an agreement that expires in March 2033 with an option to renew for one five-year period.
+Added: We are in the process of expanding our York, PA distribution center, which will provide an additional 201,000 square
+Added: feet of distribution capacity and is expected to be completed in the first half of 2023, bringing the total to 804,000 square feet.
+Added: Our 962,000 square foot distribution center in Commerce, GA is leased under an agreement that expires in April 2024
+Added: with options to renew for three successive five-year periods.
+Added: In 2019, we constructed our 615,000 square foot distribution center in Lancaster, TX.
The distribution center became fully operational during the first quarter of 2020.
−Removed: As of January 29, 2022, there were 431 Ollie’s Bargain Outlet locations across 29 contiguous states in the eastern half of
−Removed: the United States.
+Added: As of January 28,
+Added: 2023, there were 468 Ollie’s Bargain Outlet locations across 29 contiguous states in the eastern half of the United States.
We maintain a focused and disciplined approach to entering into lease arrangements.
−Removed: All leases are approved by our real estate committee, which is comprised of senior management and executive
−Removed: Our leases generally have an initial term of approximately seven years with options to renew for three to five successive five-year periods and generally require us to pay a proportionate share of real estate taxes, insurance and common
−Removed: area or other charges.
+Added: All leases are approved by our real estate committee, which is comprised of senior management and executive officers.
+Added: Our leases generally have an initial term of approximately seven years with options to renew for three to five successive five-year periods and generally require us to pay a proportionate share of real estate taxes, insurance, and common area or
+Added: other charges.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.