BJ’s Wholesale Club Continues Expansion, Announcing Five New Clubs in the Southeast and Midwest

Rhea-AI Summary

BJ's Wholesale Club announces plans to open five new club locations, including markets in Tennessee, South Carolina, Florida, and Indiana. The company aims to provide unbeatable value and convenience to its members, with a strong commitment to supporting communities in need.

Insights

Market Research Analyst

The expansion of BJ's Wholesale Club into new markets represents a strategic move to capitalize on untapped consumer segments. By entering Knoxville and Myrtle Beach, BJ's is not only increasing its geographical presence but also its potential customer base. This geographic diversification can be a hedge against market saturation in existing areas and may contribute to the company's overall risk management.

Moreover, the addition of new clubs and gas stations is indicative of BJ's confidence in their business model and the value proposition they offer to consumers. The projected savings of up to 25% off grocery store prices could be a significant draw for cost-conscious shoppers, potentially increasing BJ's market share in the discount retail segment.

From a job creation standpoint, the creation of approximately 150 jobs per location can have a positive impact on local economies. This might enhance the company's reputation and community relations, which can be an intangible asset for brand loyalty and customer retention.

Financial Analyst

The announcement of BJ's expansion could have implications for the company's financial health and investor sentiment. The capital expenditure required to open new clubs and gas stations will likely increase short-term operational costs. However, if these new locations perform well, they could contribute to long-term revenue growth and profitability.

Investors should monitor the company's quarterly financial reports following the openings to assess the impact of expansion on BJ's revenue streams and profit margins. The company's ability to execute on its expansion strategy and achieve economies of scale will be critical in determining the success of this initiative.

It is also worth noting that the retail sector is highly competitive and BJ's must navigate challenges such as price wars, consumer trends and economic fluctuations. Their expansion strategy should be viewed in the context of these industry dynamics.

Plans include new markets of Knoxville and Myrtle Beach

MARLBOROUGH, Mass.--(BUSINESS WIRE)-- BJ's Wholesale Club (NYSE: BJ), a leading operator of membership warehouse clubs, announced today the five newest clubs coming to its footprint.

BJ’s previously announced plans to open 12 news clubs and 15 gas stations this fiscal year.

The company today announced the following club locations:

• Maryville, Tennessee, in the Knoxville market. This will be BJ’s fourth location in Tennessee
• Myrtle Beach, South Carolina, the company’s second club in South Carolina
• Palm Coast and West Palm Beach, Florida, the company’s 38^th and 39^th clubs in Florida
• Carmel, Indiana, BJ’s second location in Indiana

“BJ’s combination of unbeatable value and convenience continues to resonate with members, and we’re pleased with the performance of our new clubs,” said Bill Werner, Executive Vice President, Strategy and Development, BJ’s Wholesale Club. “Our real estate pipeline is the strongest it’s been in 20 years, and we look forward to helping even more families save up to 25% off grocery store prices as we add clubs to both new and existing markets.”

As BJ’s expands its footprint, it continues to support the communities where its members and team members live and work. The company is driven by a strong purpose of “taking care of the families who depend on us.” Through the BJ’s Charitable Foundation and its partnership with Feeding America, BJ’s has a longstanding commitment to providing healthy food to families in need.

BJ’s Wholesale Club offers a convenient one-stop shopping experience that includes a vast selection of fresh foods, produce, a full-service deli, household essentials, pet supplies, exclusive offerings and much more. The new clubs will also delight shoppers with a treasure-hunt experience by providing an assortment of both local and seasonal items, as well as home décor, apparel, toys, the latest in tech and much more.

BJ’s members can choose from a variety of convenient shopping options like in-club shopping, curbside pickup, in-club pickup, same-day delivery* and standard delivery from BJs.com. When shopping in-club, members have access to ExpressPay through the BJ’s mobile app, a service that allows shoppers to scan products as they go and avoid the checkout line.

Members will also find:

• Unbeatable savings: Members can save up to 25% off grocery store prices every day
• BJ’s Gas: At each new club, members will find brand-new on-site gas stations, equipped to help shoppers reach their destinations faster. Plus, members can save even more through BJ’s Fuel Saver Program
• Risk free: Shoppers can try BJ’s risk free with the company’s 100% money-back guaranteed membership
• BJ’s coupons + manufacturers’ coupons: Members can combine savings using BJ’s coupons with manufacturers’ coupons

Each new BJ’s Wholesale Club location is expected to create approximately 150 jobs and hiring is expected to start soon for these new locations. Those looking to learn more about becoming a BJ’s team member can visit BJs.com/careers.

Shoppers can learn more about BJ’s Wholesale Club by visiting BJs.com.

^*BJ’s Same-Day Delivery is not available in all ZIP codes. Log in to your account to confirm availability.

About BJ's Wholesale Club Holdings, Inc.
BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) is a leading operator of membership warehouse clubs focused on delivering significant value to its members and serving a shared purpose: “We take care of the families who depend on us.” The company provides a wide assortment of fresh foods, produce, a full-service deli, fresh bakery, household essentials and gas. In addition, BJ’s offers the latest technology, home decor, small appliances, apparel, seasonal items and more to deliver unbeatable value to smart-saving families. Headquartered in Marlborough, Massachusetts, the company pioneered the warehouse club model in New England in 1984 and currently operates 244 clubs and 175 BJ's Gas® locations in 20 states. For more information, please visit us at www.BJs.com or on Facebook, X (formerly known as Twitter), or Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240327217535/en/

Media:

Kirk Saville

Head of Corporate Communications

BJ’s Wholesale Club

ksaville@bjs.com

774-512-5597

Briana Keene

Sr. Manager, External Communications

BJ’s Wholesale Club

bkeene@bjs.com

774-512-6802

Source: BJ's Wholesale Club

FAQ

Where are the five newest BJ's Wholesale Club locations opening?

The new club locations are in Maryville, Tennessee; Myrtle Beach, South Carolina; Palm Coast and West Palm Beach, Florida; and Carmel, Indiana.

What is BJ's Wholesale Club's purpose?

BJ's Wholesale Club is driven by a strong purpose of 'taking care of the families who depend on us.'

What shopping options are available to BJ's members?

BJ's members can choose from in-club shopping, curbside pickup, in-club pickup, same-day delivery, and standard delivery from BJs.com.

How many jobs are expected to be created by each new BJ's Wholesale Club location?

Each new BJ's Wholesale Club location is expected to create approximately 150 jobs.

What savings opportunities are available to BJ's members?

Members can save up to 25% off grocery store prices every day, benefit from BJ's Gas stations, and combine savings using BJ's coupons with manufacturers' coupons.

What charitable initiatives does BJ's Wholesale Club support?

Through the BJ's Charitable Foundation and its partnership with Feeding America, BJ's has a longstanding commitment to providing healthy food to families in need.