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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 (NYSE: BJ) announced it will close its doors on Thanksgiving Day for the 15th consecutive year, allowing team members to spend quality time with family and friends. This decision, endorsed by executive vice president Jeff Desroches, reflects the company’s commitment to employee well-being, particularly during challenging times. Members can still access Black Friday deals online on Thanksgiving Day, with in-club shopping resuming on November 26 at 7 a.m. Early bird promotions will run from November 4 to November 29.
BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) will participate in the Goldman Sachs Asset Management Virtual Global Retailing Conference on Friday, September 10, 2021, at 2:30 PM ET. The presentation will feature Robert W. Eddy, President and CEO, and Laura Felice, CFO. Interested parties can access the live audio webcast through the company's investor relations page, with an archived replay available after the event. BJ’s operates 222 clubs and 151 BJ's Gas locations across 17 states in the Eastern U.S.
BJ’s Wholesale Club has unveiled its "Official Awesomest List of Toys for 2021," providing members early access to the hottest holiday toys at significant savings. The list includes brands like Disney, LEGO, and Barbie, featuring exclusive items available in-store and online starting in October. BJ's offers convenient shopping options, including curbside pickup and a buy now, pay later plan for purchases over $99. The company operates 222 clubs in 17 states and is listed on the NYSE under the ticker symbol 'BJ'.
BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) reported financial results for the 13 and 26 weeks ended July 31, 2021. Net sales for Q2 reached $4.09 billion, a 5.6% increase year-over-year, while total revenues grew 5.6% to $4.18 billion. Membership fee income rose by 7.6%. Although operating income slightly increased to $163.8 million, it decreased by 5.6% for the first half of fiscal 2021. Net income rose 4.1% in Q2 but fell 4.8% in the first half. The company repurchased over 1 million shares in Q2. Looking ahead, BJ’s remains cautious about fiscal 2021 guidance due to pandemic uncertainties.
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BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) will release its second quarter fiscal 2021 financial results prior to market open on August 19, 2021. A conference call will follow at 8:30 a.m. ET to discuss the results. To participate, dial (877) 274-0290 within the U.S. or (647) 689-5405 internationally, referencing conference ID 8492204. A telephonic replay will be available shortly after the call for one week. BJ's operates 222 clubs and 151 BJ's Gas locations across 17 states, serving as a prominent membership warehouse club operator in the Eastern U.S.
SIRVA Inc. has launched a new homebuying program aimed at BJ's Wholesale Club members. This program, known as SIRVA Home Benefits, offers a comprehensive mortgage and home services experience designed to simplify buying and selling homes. Key features include access to over 200 mortgage lending products through SIRVA Mortgage, connections to real estate agents via the Preferred Broker Network, and various moving services. Members can earn cash back rewards and benefit from a streamlined process, enhancing convenience and potential savings in the homebuying journey.
BJ’s Wholesale Club (NYSE: BJ) announced the opening of its 222nd location in Seabrook, NH, on July 2, 2021. The new club will provide members with a wide range of products, including fresh foods, household essentials, and seasonal items. To attract local shoppers, BJ's offers a Founding Member promotion allowing new members to join for $25 and receive $75 in coupons. The club will also feature various shopping options, including curbside pickup and same-day delivery.
BJ’s Wholesale Club (NYSE: BJ) has introduced Citizens Pay, a buy-now-pay-later option allowing members to finance purchases over $99. This service is available online for delivery as well as for in-club pickup. BJ’s aims to enhance member convenience by offering flexible payment plans ranging from 3 to 24 months.
Chris DeSantis, BJ’s SVP, emphasized the company’s commitment to value and service. Citizens Pay supports various purchases including appliances and furniture, fostering responsible spending. The initiative aligns with BJ’s recent enhancements, including a new mobile app and improved pickup services.
BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) has appointed Darryl Brown to its Board of Directors, effective immediately. Brown brings over 30 years of experience in consumer-packaged goods and financial services, previously serving as President of Global Corporate Payments, Americas at American Express and holding key roles at Kraft Foods. His expertise is anticipated to support BJ’s ongoing transformation. The company operates 221 membership warehouse clubs and 151 BJ's Gas locations across 17 states.