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Ollie's Bargain Outlet Holdings, Inc., commonly referred to as Ollie's Bargain Outlet is an American chain of discount closeout retailers. It was founded in Mechanicsburg, Pennsylvania , in 1982 by Morton Bernstein and Mark L. Butler with backing from Harry Coverman and Oliver E. "Ollie" Rosenberg; the latter of whom is the namesake of the company.
Originaiting with Isaac and Rachel Kratzenstein, it became the Kratze Bros. Department Store in 1912. Bought by the Boston Store Company, which was established by Charles Netcher and local businessmen in 1921. In the deal, the building and stock came to $125,000-$150,000, which was “one of the biggest mercantile deals in the history of Escanaba.
History. William Zimmerman founded Pic 'N' Save Corporation in 1950 in Culver City, California. By 1985, it operated 90 stores in California and six other U.S. states. In 1991, the company changed its name to MacFrugals. It later expanded to the Southwest and the South, but left both markets in the late 1990s.
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