Retail News: Ollie’s Bargain Outlet eyes Texas expansion by purchasing 11 stores

A stock photo of the Baybrook Ollie’s

Closeout retailer Ollies Bargain Outlet plans an expansion in Texas by entering a stalking horse bid for some of 99 Cents Only Stores Texas real estate. The closeout chain entered Texas in 2018 and Houston in 2021. The properties under consideration by Ollie’s include 11 former 99 Cents Only locations across Houston, Dallas, San Antonio, and the Valley, expanding Ollie’s footprint quite a bit. The stores include a mixture of both leased and owned operations. While the deal is far from complete, based on new documents filed in bankruptcy court, it appears that 99 Cents Only is pushing Ollie’s bid forward, along with a smaller but similar claim for other Texas stores made by Dollar Tree.

A Map of the proposed 99 Cents Only purchases by Ollie’s in the Houston area.

It’s not guaranteed that Ollie’s will get these properties, but it is likely. This expansion would act on plans Ollie indicated they had all the way back during the Toys R Us Bankruptcy. During that event Ollie’s expressed interest in many former TRU locations, an idea that was never acted upon. The full list of locations under consideration by Ollie’s is as follows:

4980 Hwy 6 N, Houston, TX 77084
10702 Eastex Fwy, Houston, TX 77093
4849 Farm to Market 1960 Rd W, Houston, TX 77069
7130 FM 1960, Humble, TX 77346
4100 Fairmont Pkwy, Pasadena, TX 77504
2516 Avenue H, Rosenberg, TX 77471
1420 N Loop 336 W, Conroe, TX 77304
2942 Thousand Oaks Dr, San Antonio, TX 78247
3632 Frankford Rd, Dallas, TX 75287
401 E Camp Wisdom Rd, Duncanville, TX 75116
2346 W Nolana Ave, McAllen, TX 78504