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Ollie's Bargain Outlet Holdings is aiming to open a host of new stores this year and has begun its acquisition spree with a Big Lots bankruptcy buy.

The company plans to open 75 new stores in 2025, a target buoyed by its acquisition of 40 former Big Lots leases late last month. The discounter retailer is expanding as other major retailers are using the bankruptcy process to restructure or liquidate, including Big Lots, Bargain Hunt, Joann, Franchise Group, 99 Cents Only, Rite Aid and Party City. 

Ollie's scooped up 40 Big Lots locations on Feb. 27 from Gordon Brothers, a liquidation firm handling the sale of those stores. To date, the company has acquired a total of 63 former Big Lots leases.