Ocean State Job Lot CEO's Background and Retail Expansion
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Marc Perlman began his career as a cab driver in 1970s New York City, where he was fascinated by shoppers seeking deals in close-out stores. He later became the co-founder and CEO of Ocean State Job Lot, a discount retailer that now has more than $900 million in annual sales. The company is expanding its presence in the Mid-Atlantic, with new locations in Pennsylvania, Delaware, and Maryland.
From nhpr.org
Why it matters
Ocean State Job Lot operates as a budget empire, having grown from a small group hawking goods at flea markets into a major discounter. The company's expansion into new states indicates growth in its retail footprint and sales volume across the Mid-Atlantic region.
From nhpr.org
Who's involved
- Marc PerlmanCo-founder and CEO of Ocean State Job Lot, who started his career as a cab driver.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MarylandSpeculative
Competitors in the Mid-Atlantic region might face increased demand in the retail sector due to Ocean State Job Lot's expansion.
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The entities involved
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Marc Perlman
American musician
Nothing else this week.
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New York City
most populous city in the United States