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The Toys “R” Us bankruptcy gave the close-out chain an opportunity to expand its holiday toy business, he said. Other top-performing categories during the quarter included housewares, floor coverings, health and beauty aids and candy.
New stores served as the biggest driver of growth. Ollie’s opened a total of 35 net new stores during 2018 and entered the new states of Louisiana, Arkansas and Texas. It has opened 12 new stores already in 2019, including seven former Toys "R" Us rough locations.
In 2019, the chain plans to add 42 to 44 new stores and add two new states, Oklahoma and Massachusetts. . . . more