On March 10, 2026, Ollie's Bargain Outlet Holdings, Inc. disclosed in an 8-K filing that Kevin McLain, the Senior Vice President and General Merchandise Manager, has announced his retirement effective May 1, 2026. McLain has been with the company since May 2014, contributing significantly to its growth and operational strategies. The company expressed gratitude for his leadership and commitment over the years. In line with its succession planning initiatives, Shane Thornton will be promoted to Senior Vice President and General Merchandise Manager effective the same day. Thornton has been with Ollie's since 2010 and has held various roles, demonstrating a strong acumen in merchandising and operational strategy. This leadership transition is expected to ensure continuity in the company's operations and strategic direction, as Thornton has been involved in the company's merchandising strategies for several years. The announcement is seen as a positive step in maintaining stability within the company's leadership, which could have a favorable impact on investor confidence and stock performance.

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