Content about Wholesale Club

February 18, 2014

BJ’s Wholesale Club is outsourcing and expanding its product demonstration program with the help of Crossmark’s PromoWorks division.

BJ’s Wholesale Club is outsourcing and expanding its product demonstration program with the help of Crossmark’s PromoWorks division.

Plans call for PromoWorks to manage, enhance and ultimately expand the company’s demo and events program. BJ’s current demo and events staff, made up of approximately 1,400 employees, will be given priority to apply for the demo program with PromoWorks, which plans to grow the current program by more than 25% or about 500 jobs, the companies said it a joint statement.

December 5, 2013

A strong increase in shopper traffic at Costco during November translated to a 3% increase in same-store sales, excluding gas, at U.S. locations during the four-week November reporting period which ended December 1.

A strong increase in shopper traffic at Costco during November translated to a 3% increase in same-store sales, excluding gas, at U.S. locations during the four-week November reporting period which ended December 1.

Costco didn’t comment specifically on Thanksgiving weekend sales during a recorded call to recap results, but the company did say that traffic increased a little more than 4% while average transaction sizes were down slightly. Costco and its direct competitors Sam’s Club and BJ’s Wholesale Club were closed on Thanksgiving Day.

November 18, 2013

BJ's Wholesale Club's CEO Laura Sen sounds off on Thanksgiving.

This year, it seems that you can’t turn on the TV or read the news without seeing that another store is opening on Thanksgiving. Some believe Black Friday is fading away as more retailers choose to open early to compete with other shopping options such as online sales. I don’t think that Black Friday is going away, but I do think that it is evolving to best serve the needs of the consumer. Any retailer that is going to be successful long-term has to evolve, too.

May 15, 2013

BJ’s Wholesale Club has tapped FoodLink, a fresh food commerce and traceability platform, to assist in the sourcing and purchasing of fresh produce across BJ’s 15-state chain.

LOS GATOS, Calif. — BJ’s Wholesale Club has tapped FoodLink, a fresh food commerce and traceability platform, to assist in the sourcing and purchasing of fresh produce across BJ’s 15-state chain.

August 17, 2011

Strong performances in key categories and higher gas profitability helped BJ’s Wholesale Club exceed its earnings guidance for the second quarter.

WESTBOROUGH, Mass. — Strong performances in key categories and higher gas profitability helped BJ’s Wholesale Club exceed its earnings guidance for the second quarter. The company reported net income for the period ended July 30 of $45.7 million, or 84 cents per diluted share. The company's guidance called for net income in the range of $40.5 to $42.5 million and earnings in the range of 74 cents to 78 cents per diluted share. For the second quarter of 2010, BJ's reported net income of $35.8 million, or 67 cents per diluted share.

August 4, 2011

Costco and BJ’s Wholesale Club continue to produce solid sales growth aided by high gas prices, shoppers desire to save money and their ability to pass through food price inflations.

Costco and BJ’s Wholesale Club continue to produce solid sales growth aided by high gas prices, shoppers desire to save money and their ability to pass through food price inflations.

May 18, 2011

BJ’s Wholesale Club reported net income of $33.7 million, or 62 cents per diluted share, for the first quarter ended April 30.

WESTBOROUGH, Mass. — BJ’s Wholesale Club reported net income of $33.7 million, or 62 cents per diluted share, for the first quarter ended April 30. Results for the first quarter of 2011 exceeded the company’s guidance for net income in the range of $29.5 million to $31.5 million, or 54 cents to 58 cents per diluted share.

February 3, 2011

BJ’s Wholesale Club this week formally announced that it planned to explore strategic alternatives and confirmed what had been speculated about in the market place for at least four years. The possible sale of BJ’s and its 189 clubs isn’t likely to have a meaningful impact on the marketplace and could potentially benefit the likes of Sam’s Club and Costco. Assuming a deal involving a private equity buyer, they typically are not keen on injecting millions in fresh capital to open new stores and generally look for ways to enhance the cash generating capabilities of existing operations. Look no further than the situation with Sears Holding and try to recall the last time a new Sears or Kmart store opened. Should BJ’s go the private equity route it is conceivable there could be a further streamlining of the store base and less aggressive pricing as margin preservation becomes more of a priority than fighting a losing price battle with Sam’s and Costco.

BJ’s Wholesale Club this week formally announced that it planned to explore strategic alternatives and confirmed what had been speculated about in the market place for at least four years. The possible sale of BJ’s and its 189 clubs isn’t likely to have a meaningful impact on the marketplace and could potentially benefit the likes of Sam’s Club and Costco.

January 5, 2011

The New Year is off to a busy start at BJ’s Wholesale Club. Amid ongoing speculation about the retailer being a potential takeover target, BJ’s on Wednesday announced the closure of five clubs, several senior level personnel changes and released its December sales a day earlier than normal.

The New Year is off to a busy start at BJ’s Wholesale Club. Amid ongoing speculation about the retailer being a potential takeover target, BJ’s on Wednesday announced the closure of five clubs, several senior level personnel changes and released its December sales a day earlier than normal.