WOONSOCKET – Ollie’s Bargain Outlet will open its first location in Rhode Island in the Diamond Hill Plaza on Diamond Hill Road, the city announced recently.
The national salvage and closeout retailer is based in Harrisburg, Pa., and includes 229 stores in 19 states. On its website, the company said its merchandise is a mix of closeouts, excess inventory and salvage from retailers with flood or fire damage.
“We also work with insurance companies to buy salvage merchandise,” the site stated. “If a store in your neighborhood has a flood or fire, Ollie’s may purchase the undamaged inventory and put it in our stores at drastically reduced prices.”
Ollie’s is expected to occupy the former Staples building, which is managed by Madison Properties.
The area has seen an increase in development activity in 2016, according to city officials.
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