Discount retailer Ollie’s will open its second Quad Cities location this week in Davenport, filling the vacant former Joann Fabric store.
Ollie’s Bargain Outlet will occupy the Village Shopping Mall storefront at 902 W. Kimberly Road, Suite 9. A grand opening is set for 9 a.m., Thursday, June 18. It begins with a ribbon-cutting ceremony at 8:45 a.m.
“We’re super excited to bring Real Brands, Real Bargains to Davenport,” Eric van der Valk, Ollie’s president and CEO, said in a news release. “At Ollie’s, we sell Good Stuff Cheap, so families can stretch their hard-earned dollars even further.”
In September 2023, Ollie’s Bargain Outlet entered the bistate market with a store at 4401 27th St., Moline, in a portion of the former Gordman’s at SouthPark Mall.
Headquartered in Harrisburg, Pennsylvania and founded in 1982, Ollie’s has grown into America’s fastest growing retailer of closeout merchandise and excess inventory. The chain works with financial institutions to buy up leftover stock from other companies that are closing down and passes on the savings of brand name products at discounted prices to customers, according to its website.
The new Davenport store will employ between 50 and 60 employees including cashiers, managers and store leaders, the company release said. Interested candidates should stop by the store or visit www.ollies.com/pages/careers to explore open positions.
“Our people are the heart of our business,” Mr. van der Valk said. Across the company, Ollie’s employs more than 14,000 associates.
The Davenport location will be its third store in Iowa, joining locations in Iowa City and Ottumwa. A fourth store is coming soon to Burlington, the website said. The Davenport Ollie’s fills a storefront that has been vacant since the Joann’s chain closed in May of 2025 after filing its second bankruptcy in a one year.
Ollie’s expansion
According to Ollie’s first quarter earnings report earlier this month, the chain opened 27 new stores and as of Saturday, May 2, had 672 stores in 35 states, an increase of 15.1%. It also showed a 14.2% increase in sales over the year to $658.9 million.
In the earnings release, Mr. van der Valk said “We delivered strong earnings growth driven by solid top line results and unit growth, robust margins, and disciplined expense control. These results underscore the durability of our business model, the strength of our value proposition, and our ability to execute through a challenging consumer backdrop.”
He added that in addition to the new stores, the company “grew our Ollie’s Army membership base by 13%, made progress on our category productivity initiatives, reinvested in our supply chain, and returned $53 million to shareholders through share repurchases in the first quarter.”
The company also raised its earnings per share outlook for fiscal 2026.
