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BJ’s Wholesale Club Holdings, Inc. reports developments in its membership-based warehouse club business, including new club and BJ’s Gas openings, market entries, BJ’s Market formats, and merchandising leadership. The company sells fresh foods, produce, deli and bakery items, household essentials, general merchandise, seasonal goods and gasoline to members through a club model supported by membership fee income.
Recurring updates also cover quarterly results, comparable club sales, digital sales, member acquisition and retention, traffic, capital spending on clubs and distribution, and community food-bank partnerships tied to new locations.
BJ's Wholesale Club has announced the grand opening of its newest location in New Albany, Ohio, on November 4, 2022, marking its 7th club in Ohio and the total count to 233 nationwide. The new club features BJ's Gas station, offering competitive fuel prices and savings through BJ's Fuel Saver Program. To entice new membership, BJ's is providing special offers, including gift cards and coupons for members who join before November 3, 2022. The club aims to deliver unbeatable savings and a broad selection of products while supporting the local community through food donations.
BJ’s Wholesale Club, headquartered in Marlborough, Massachusetts, will remain closed on Thanksgiving Day, November 24, continuing a 16-year tradition. Executive VP Jeff Desroches emphasized the importance of allowing team members time with family during the holiday season. The club will reopen on Black Friday, November 25, at 8 a.m. Members can take advantage of special holiday deals starting on Thanksgiving Day online. BJ’s operates 232 clubs and offers various shopping options, including in-club shopping and same-day delivery.
BJ's Wholesale Club is expanding with a new location in Greenburgh, New York, set to open on October 28, 2022, bringing its total clubs in the state to 47. The new club, located at 399 Tarrytown Road, will enhance BJ's presence in the Eastern U.S., now totaling 232 clubs nationwide. To celebrate, BJ's is offering limited-time membership deals, including a 1-year Inner Circle Membership for $25. BJ's continues to support local communities through its charitable efforts, contributing over 125 million pounds of food to those in need.
BJ's Wholesale Club and Capital One Financial have entered a strategic agreement, making Capital One the exclusive issuing partner for BJ's Mastercard program, set to launch in early 2023. This agreement includes the acquisition of BJ's existing credit card accounts. BJ's aims to enhance member value through improved customer service and digital offerings, leveraging Mastercard's extensive network. Capital One's proven track record in delivering superior payment products positions the partnership to accelerate BJ's growth and enhance customer loyalty.
BJ's Wholesale Club has moved its headquarters to a new Club Support Center in Marlborough, Massachusetts, serving as a base for over 1,000 employees who support operations across 231 clubs in 18 states. The state-of-the-art facility emphasizes modern workspaces and technology. The company aims to expand its membership, which currently exceeds 6.5 million, and recently celebrated the opening of its 231st club in Noblesville, Indiana. CEO Bob Eddy highlighted the importance of this new center for future growth.
BJ's Wholesale Club announces the opening of its first location in Indiana, specifically in Noblesville, on September 30, 2022. This expansion increases BJ's total U.S. locations to 231. The new club features BJ's Gas, offering competitive fuel prices and the Fuel Saver Program. Membership options include a $55 Inner Circle Membership with a $40 gift card and a $110 Perks Rewards Membership with an $80 gift card. BJ's is committed to serving the community through charitable donations as part of its Feeding Communities program.
BJ's Wholesale Club (NYSE: BJ) has announced that it will now accept SNAP EBT payments across all its locations in the Eastern United States. This initiative allows members to use their EBT cards online at BJs.com and the BJ’s mobile app, enhancing payment flexibility with options for free pickup, shipping, and same-day delivery. Monica Schwartz, EVP and Chief Digital Officer, highlighted this move as a significant step towards improving convenience and accessibility for all members. BJ's operates 230 clubs and 160 gas locations in 17 states.
BJ's Wholesale Club, listed on NYSE: BJ, will open its latest membership warehouse club in Canton, Michigan, on September 9, 2022, marking its fifth location in the state and a total of 230 clubs nationwide. The new club features a wide selection of products, including fresh foods and household essentials, and offers various shopping options such as curbside pickup and same-day delivery. To celebrate, BJ's is introducing limited-time membership offers, including membership discounts and gift cards. The Canton club aims to provide significant savings to local shoppers.
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BJ’s Wholesale Club Holdings reported record financial results for the second quarter of fiscal 2022, with total comparable club sales up by 19.8% year-over-year. Membership fee income rose 11.3% to $98.8 million, while digital sales increased 47%. Earnings per diluted share reached $1.03, a 28.8% increase. Cash from operations was $443.1 million, with free cash flow at $300.4 million. The company raised its fiscal year guidance for EPS to $3.50-$3.60 and expects comparable club sales growth of 4%-5%, excluding gasoline. Expansion plans include 11 new club openings in fiscal 2022.