3/16/2023 0 Comments Ocean job lot![]() ![]() "As others struggle, Job Lot grows: It's taking over seven Toys 'R' Us sites". "How Three Guys Turned $1,500 Into A National Retail Chain". ^ a b Berkowitz, Bram (January 21, 2019). ![]() ^ "Ocean State Job Lot stores going green".^ "America's Best Midsized Employers 2021"."Ocean State Job Lot Named One Of America's Best Employers". "Ocean State Job Lot in Stratham set for May opening". ^ "Vacant buildings filling up in Falmouth's Route 1 retail district".^ “Bloomberg: "Ocean State Jobbers Inc.”.^ "Danbury's Ocean State Job Lot officially opens filling vacant Toys 'R Us space".Tuesday Morning – A significantly larger and more iconic Texas-based chain that is historically known as one of the original American discount closeout retailers it operates with a similar business model to that of OSJL.Ollie's Bargain Outlet – A larger and more iconic Pennsylvania-based chain of discount closeout retailers with a nearly identical business model to that of OSJL, but it is not affiliated with the company at all.Building 19 – An earlier Massachusetts-based discount closeout retailer, now defunct.Benny's – A historical and significantly more iconic Rhode Island-based discount retail chain, now defunct.Through the charity, the company claims to support a number of philanthropic causes including feeding the hungry, helping the homeless, assisting veterans and military families, aiding animal rescue, caring for children, advancing healthcare, supporting the arts, and promoting learning and sport activity in the local communities. The Ocean State Job Lot Charitable Foundation was founded in 2004. It is also affiliated with the import and distribution company Yankee Trader, LLC. The company is especially focused on buying and selling closeouts. The merchandise selection consists of a variety of manufacturer's overruns, overstocks and packaging changes, as well as selected other products. OSJL's business model involves purchasing merchandise directly from manufacturers and other retailers such Walmart/ Sam’s Club, Publix, Winn-Dixie, Kroger, Costco, Whole Foods Market, TJX-owned stores, and Target in bulk and selling in smaller quantities to customers with the minimum operational and distribution costs. During its expansion, the company has revitalized numerous commercial spaces and shopping plazas throughout the Northeast by acquiring vacant properties once occupied by other retailers. Ocean State Job Lot is a family-run privately-held business with the corporate headquarters and distribution center in North Kingstown, RI at Quonset Point. Most recently in 2019, the company expanded into Pennsylvania by acquiring former Toys "R" Us locations. As of 2018, the company generated nearly $700 million in annual sales. In 2017, the company completed a 500,000-square-foot (46,000 m 2) expansion of its warehouse in North Kingstown, making it the building with the largest footprint in Rhode Island with a total of 1,250,000 square feet (116,000 m 2). In 2017, 2018, and 2020, the company was on the Forbes's list of “America's Best Midsize Employers”. Ocean State Job Lot was founded in 1977 in North Kingstown, Rhode Island by Marc Perlman, Alan Perlman, and Roy Dubs.Īfter Ames went bankrupt in 2002, Ocean State Job Lot expanded by buying many of its former locations in New England. Its selection of merchandise comprises a variety of discounted household goods, apparel, pet supplies, kitchen pantry staples, and seasonal products (holiday, gardening, patio, pool and beach supplies) a majority of these items are unsold and/or excess merchandise purchased in bulk from other retailers such as Walmart, Publix, or Target that are then sold at deeply discounted prices. Description įounded by Marc Perlman, Alan Perlman, and Roy Dubs in 1977 as a single store, it currently operates 145 stores in the US and has more than 5,600 associates. The name of the company derives from Rhode Island's nickname, "The Ocean State", and from "Job Lot", which means a miscellaneous group of articles. ![]()
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