Ollie’s: A Tough Close to 2019

Ollie’s Cut price Outlet Holdings Inc. (NASDAQ:OLLI), which operates a chain of discount retail merchants largely in the japanese 50 % of the United States, just lately noted benefits for the fourth quarter of fiscal 2019. For the quarter, revenues increased seven% to $422 million, with a double digit maximize in the device rely much more than offsetting a five% decrease in similar retailer income (be aware that this is lapping a two-yr stack of ten% gains). The weakness in comps in the fourth quarter was because of to a shorter holiday browsing season (6 less times between Thanksgiving and

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