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Ollie’s is very possibly the only company in America whose brick-and-mortar stores are not just surviving but thriving. Nonetheless,  sales have doubled in four years.

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FAQs about Forbes on LinkedIn: The Outlandish Story Of Ollie’s: A $5 Billion ... Coupon?

How much money does Ollie's make a year?

Nonetheless, Ollie’s sales have doubled in four years. It moves more than $1 billion a year of low-priced goods from its large (30,000 square feet or so), no-frills stores like the one in Sterling. Profits are at a high, nearly $130 million. Most other retailers seem headed in the other direction. ...

Who has benefited more from Ollie's stock?

No one has benefited more from the run-up in Ollie’s stock than Butler himself, who has an estimated $1 billion fortune, nearly all from his approximate 15% stake in the company. “A lot of the incoming calls [from clients] this year have been, ‘How did I miss Ollie’s?’ ” says Judah Frommer, an analyst at Credit Suisse. ...

Does Ollie's still sell online?

llie’s is very possibly the only company in America whose brick-and-mortar stores are not just surviving but thriving. Butler focuses exclusively on traditional retailing, selling not a thing online. Read that again: nothing sold online. Nonetheless, Ollie’s sales have doubled in four years. ...

Who owns Ollie's?

Ollie’s started as a single location in rural Mechanicsburg, Pennsylvania, in 1982. Butler was the youngest of four cofounders, including the company’s namesake, Ollie Rosenberg. For several decades, it puttered along in the Midatlantic, opening a handful of stores—until Butler took over the operation in 2003 and hit the accelerator. ...

How many times do Ollie's shares trade?

Ollie’s shares now trade at 34 times earnings. No one has benefited more from the run-up in Ollie’s stock than Butler himself, who has an estimated $1 billion fortune, nearly all from his approximate 15% stake in the company. ...

What happened to Ollie's?

Ollie’s sold absolutely nothing online, a head-spinning notion during this era of e-commerce. In almost every imaginable way, Ollie’s was Butler, and Butler was Ollie’s. He was chairman, CEO, cofounder—creator. And now Ollie’s will have to make do without him. ...