Weakness in shares of bargain store chain Ollie’s (OLLI) may be related to Big Lots (BIG) having announced that it has agreed to a sale transaction with Gordon Brothers Retail Partners that enables the transfer of Big Lots assets, including stores, distribution centers, and intellectual property, to other retailers and companies, including Variety Wholesalers.
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Read More on OLLI:
- Ollie’s Bargain Outlet price target raised to $130 from $120 at Loop Capital
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- Morning Movers: General Mills slips following second quarter results
- Ollie’s Bargain Outlet upgraded to Buy from Sell at Citi
- Ollie’s Bargain Outlet price target raised to $130 from $120 at RBC Capital
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