Ocean State Job Lot

Ocean State Job Lot remains privately held by the founding Perlman family. CEO Marc Perlman is the majority owner; no institutional investors or private equity firms hold equity. The stock has never traded publicly (per public record).

The company buys excess inventory directly from manufacturers, retailers, and distributors. This 'closeout' model allows Job Lot to acquire goods below wholesale cost and sell them at steep discounts. The sourcing team negotiates opportunistic deals rather than partnering with traditional wholesale networks.

The chain operates exclusively in the northeastern United States: Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont. It has not expanded beyond that region, nor announced any plans to do so (per public record).

No. The company’s real estate holdings are primarily stores and distribution centers. It has no disclosed positions in investment funds, venture capital, private debt, or other asset classes. All retained earnings are reinvested into inventory and store operations (per public record).

No. The company has been entirely self-funded since its founding. It has not issued stock, taken on private equity, or received venture capital. The firm's only debt has been standard bank lines for working capital (per public record).

The company runs a corporate giving program concentrated on food security. In 2023, it donated over $10M in goods to local food banks. The firm's charitable arm is not a separate foundation; it operates as a direct company program (per the firm's 2023 statement).

The company employs approximately 6,000 people, according to public filings. Most positions are in stores; the corporate headquarters in Kingstown, RI houses management and administrative staff. The workforce is almost entirely hourly retail workers (per public record).