BJ's Wholesale Club

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BJ's Wholesale Club Holdings, Inc., commonly referred as BJ's, is an American regional membership-only warehouse club chain based in Marlborough, Massachusetts, operating in the eastern United States in addition to Ohio, Michigan, Louisville, Kentucky, Indiana, Tennessee, Florida and Alabama.

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History The company was started by discount department store chain Zayre in 1984, on the Medford/Malden border in Massachusetts. The company's name was derived from the initials of Beverly Jean Weich, the daughter of Mervyn Weich, the president of the new company. Weich announced his resignation as president in June 1987, and left on August 1. He was replaced by John Levy.

When Zayre Corporation sold the Zayre nameplate to rival discount chain Ames in October 1988, TJX Companies was formed. In 1989, TJX spun off their warehouse division, consisting of BJ's and now-defunct HomeClub (later known as HomeBase, then House2Home), to form Waban, Inc. In August 1997, Waban spun off BJ's to become an independent company, BJ's Wholesale Club, Inc., headquartered in Natick, Massachusetts, while Waban renamed itself to HomeBase, Inc.

In 2011, BJ's was acquired by two private equity firms, Leonard Green & Partners and CVC Capital Partners. It returned to being a public company in 2018.

In 2019, BJ's expanded into Michigan, with a new store in Madison Heights. A second and a third Michigan location have since opened in Taylor and Chesterfield Township, respectively. BJ's has also since opened locations in Canton and Lansing.

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Today Many of BJ's clubs offer special services to members, such as , filling station, home heating oil, an optical department, propane filling, and vacation packages. These services vary from location to location. , there were 154 clubs with optical departments. BJ's operated 104 filling station at their clubs. In February 2007, BJ's closed all pharmacies in its clubs.

In March 2010, BJ's announced they would move their corporate headquarters from Natick to Westborough, Massachusetts in 2011. On January 5, 2011, BJ's announced it would close five underperforming stores in the Southeast, eliminate approximately 100 headquarters jobs by the end of the month, and restructure its home office and some field operations. Its restructuring moves would result in savings of 78 to 82 cents per share for its fiscal fourth quarter.

On December 19, 2019, BJ's named Lee Delaney as its next CEO starting February 2, 2020. Delaney had been an executive vice president and chief growth officer of the company since 2016. Then CEO Chris Baldwin became executive chairman. Following Delaney's death on April 8, 2021, BJ's financial chief Bob Eddy took over as interim CEO. On April 20, 2021, Bob Eddy’s interim status was removed and he was given the permanent CEO position.

In November 2021, BJ’s announced plans for its first store in Tennessee, to be located in La Vergne, a suburb of Nashville. The store opened on June 14, 2023. The company has announced plans for at least two additional stores in the Nashville market, with confirmed locations being added in Goodlettsville and Mt. Juliet.

, BJ's operates 250 BJ's clubs in 21 states and employed approximately 25,000 team members (both full- and part-time). Its major competitors are Costco and Sam's Club.

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Locations , BJ's has 263 locations across 21 states: BJ's utilizes three cross-docking distribution centers along with third-party warehouse space when extra storage is needed.

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Finances

For the fiscal year 2023, BJ's reported earnings of $19.968 billion, with a net income of $523.741 million .

+ !Year !Revenue in US$ !Net income in US$ !Price per Share in US$ (year end) !Warehouses !Employees !Ref(s)
2014	12,731,270	19,013	-	207
2015	12,467,553	24,104	-	213
2016	12,350,537	44,224	-	214
2017	12,754,589	50,301	-	215
2018	13,007,347	127,261	-	216	26,383
2019	13,190,707	187,176	22.74	217	27,231
2020	15,430,017	421,030	37.28	221	32,000
2021	16,667,302	426,652	66.97		34,000
2022	19,315,165	513,177	66.16		34,000
2023	19,968,689	523,741	66.66		34,000

On May 17th, 2018, BJ's filed to return to the public market. The shares opened at $21.25; in its IPO, BJ's sold 37.5 million shares, raising net proceeds of $637.5 million.

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Brands

BJ's Wholesale Club regularly markets numerous products under its own —including products by Richelieu Foods. Unlike its competitors (such as Costco's Kirkland Signature line and Sam's Club's Member's Mark brand), BJ's uses multiple private label brands depending on merchandise segment. Grocery products are primarily branded as Wellsley Farms, while general merchandise (including clothing, pharmacy, and home goods) items are sold under the Berkley-Jensen name (formerly 'Berkley & Jensen').

Jack W. Plunkett (2025). 9781593921439, Plunkett Research. . ISBN 9781593921439

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External links

Categories: Www.bjs.com Official, Warehouse Clubs, Companies Based In Massachusetts, Economy Of The Northeastern United States, Economy Of The Southeastern United States, Economy Of The Eastern United States, Discount Stores Of The United States, Online Retailers Of The United States, Hypermarkets Of The United States, Supermarkets Of The United States, Companies Listed On The New York Stock Exchange, American Companies Established In 1984, Retail Companies Established In 1984, 2011 Mergers And Acquisitions, 1984 Establishments In Massachusetts, Companies That Have Filed For Chapter 11 Bankruptcy, Companies That Filed For Chapter 11 Bankruptcy In 1988, Companies That Filed For Chapter 11 Bankruptcy In 1990, 2018 Initial Public Offerings, Companies In The S&p 400, Cvc Capital Partners Companies

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