Savers Value Village Names Ollie’s Bargain Outlet Vet Jay Stasz as New CFO

Thrift retail operator Savers Value Village has named Jay Stasz, a six-year veteran of Ollie’s Bargain Outlet, as its new chief financial officer (CFO), according to a press release. He will take over the role Monday (July 18).

Stasz has almost 25 years of finance leadership experience, including the last four years as CFO at Ollie’s and stints as the company’s senior vice president of finance and accounting and chief accounting officer. At Savers, he will oversee finance, accounting, internal audit, tax and treasury functions, the press release stated.

“Jay is a proven and thoughtful leader with deep experience in high-growth value retail,” said Savers Value Village CEO Mark Walsh in the release. “Importantly, Jay shares our belief that what is good for people, communities, and the planet is also good for business. We are confident that Jay’s retail expertise, coupled with his strong finance and accounting experience will be invaluable as we continue in our next phase of growth.”

Before his time at Ollie’s, Stasz spent 17 years at Gart Sports, which merged with Sports Authority in 2003, and held a variety of roles.

“Savers is a differentiated leader in thrift with a unique and compelling business model,” Stasz said in the release. “I look forward to working with the team to build on the company’s strong track record of growth and success.”

When Stasz joins Savers, CFO Scott Estes will become the company’s senior vice president of finance, according to the release..

Last month, Ollie’s Bargain Outlet said during its first-quarter earnings report that its sales fell 10% and same-store sales dropped 17%. An expected consumer trade-down to deep discount stores had not happened yet, but the company predicted that would soon change because of record-high gasoline prices and swelling inventories at big-box rivals.

Read more: Ollie’s Bargain Outlet Expects Closeout Surge, Says ‘Trade-Down’ Is 3-6 Months Out

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