Ocean State Job Lot Recognized as a US Best Managed Company
Leading discount retail chain recognized for third consecutive year
North Kingstown, Rhode Island — Ocean State Job Lot (OSJL), a leading discount closeout retailer headquartered in Rhode Island with stores throughout New England, New Jersey, New York, and Pennsylvania, is proud to announce it has been selected as a 2023 US Best Managed Company. Sponsored by Deloitte* Private and The Wall Street Journal, the program recognizes outstanding U.S. private companies and the achievements of their management teams.
The 2023 designees are U.S. private companies that have demonstrated excellence in strategic planning and execution, a commitment to their people and fostering a dynamic culture, as well as strong financials. Designees propelled their businesses forward and remained true to their purpose and values by investing in their people, creating advantage through digital transformation, taking measurable action on sustainability, and demonstrating their commitment to diversity, equity, and inclusion.
“At Ocean State Job Lot, we are committed to living out our mission, vision, and values, which guide us in our pursuit of excellence in every aspect of our business, from philanthropy to the way we treat our associates,” said Marc Perlman, Co-founder and CEO, Ocean State Job Lot. “We are incredibly honored to be recognized as a US Best Managed Company in 2023, as it is a testament to the hard work and dedication of our associates and team leaders who embody these principles every day and make Ocean State Job Lot’s continued success possible.”
Applicants are evaluated and selected by a panel of external judges focused on assessing hallmarks of excellence in four key areas: strategy, ability to execute, corporate culture and governance/financial performance. Ocean State Job Lot joins a global ecosystem of honorees from more than 46 countries recognized by the Best Managed Companies program.
About the Best Managed Companies Program:
The Best Managed Companies program is a mark of excellence for private companies. U.S. designers have revenues of at least $250 million. Hundreds of private companies around the world have competed for this designation in their respective countries through a rigorous and independent process that evaluates four key criteria in their management skills and practices — strategy, execution, culture and governance/financials. U.S. program sponsors are Deloitte Private and The Wall Street Journal. For more information, visit www.usbestmanagedcompanies.com.
About Ocean State Job Lot:
Founded in 1977, Ocean State Job Lot (OSJL) is a growing, privately held discount retail chain with 152 stores in New England, New York, New Jersey, and Pennsylvania, approximately 5,600 employees, and annual sales exceeding $800 million. OSJL Shoppers find an ever-changing array of brand name, first quality merchandise at closeout prices, including household goods, apparel, pet supplies, seasonal products (holiday, gardening, patio, pool, and beach supplies), and kitchen pantry staples at a fraction of their typical price. The company was named a four-time “Best Employer” by Forbes® Magazine*, a two-time US Best Managed Company by Deloitte, and received a first-place Inspiring Workplaces in North America Award. *Ocean State Job Lot is not affiliated with Forbes®.
The Ocean State Job Lot Charitable Foundation has a long history of philanthropic leadership, supporting numerous 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. The Foundation’s operational, administrative, and overhead expenses are covered by Ocean State Job Lot, not the Foundation, ensuring that 100% of every dollar raised through the Foundation goes directly to helping those in need.
Ocean State Job Lot is headquartered in the Quonset Point Business Park at 375 Commerce Park Road, North Kingstown, RI 02852. Phone: (401) 295-2672; Website: OceanStateJobLot.com.
*Please see www.deloitte.com/us/about for a detailed description of our legal structure.
For Immediate Release
Contact: Spencer Gossy
Regan Communications Group
(401) 269-6441
sgossy@regancomm.com
