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{{Unreferenced|date=August 2007}}
{{Infobox_Company |
{{Infobox_Company |
company_name = BJ's Wholesale Club |
company_name = BJ's Wholesale Club |
Line 7: Line 6:
foundation = [[1984]] |
foundation = [[1984]] |
location = [[Natick, Massachusetts]] |
location = [[Natick, Massachusetts]] |
key_people = |
key_people = [[Herbert Zarkin]] [[Chief Executive Officer|CEO]] |
num_employees = 19,500 |
num_employees = 19,500 |
industry = [[Retail]]|
industry = [[Retail]]|
products = Produce, meat, seafood, fresh baked goods, dairy, flowers, clothing, books, software, home electronics, clothing jewelry, art, furniture and pharmacy. |
products = Produce, meat, seafood, fresh baked goods, dairy, flowers, clothing, books, software, home electronics, jewelry, and furniture. |
revenue = $8.48 billion (2007)||
revenue = $8.48 billion (2007)||
homepage = [http://www.bjs.com/ www.bjs.com] |
homepage = [http://www.bjs.com/ www.bjs.com] |
}}
}}


'''BJ's Wholesale Club, Inc.''' {{NYSE|BJ}} is a membership-only [[warehouse club]] chain operating in the [[East Coast of the United States]], as well as in the state of [[Ohio]].
'''BJ's Wholesale Club, Inc.''' ({{NYSE|BJ}}) is a membership-only [[warehouse club]] chain operating on the [[East Coast of the United States|United States East Coast]], as well as in the state of [[Ohio]].<ref>http://www.bjsinvestor.com/profile.cfm</ref> The company is also ranked 287 on [[Fortune Magazine|Fortune]] magazine's 2007 listing of America's 500 largest public corporations.<ref>http://money.cnn.com/magazines/fortune/fortune500/2007/full_list/201_300.html</ref>


==History==
==History==
The company was started by [[Zayre]], a discount department store chain, in 1984, on the [[Medford, Massachusetts|Medford]]/[[Malden, Massachusetts|Malden]] border in [[Massachusetts]]. This was and still is the company's flagship store.
The company was started by [[Zayre]], a discount department store chain, in 1984, on the [[Medford, Massachusetts|Medford]]/[[Malden, Massachusetts|Malden]] border in [[Massachusetts]]. This was and still is the company's flagship store.


When Zayre sold their own nameplate to [[Ames (discount stores)|Ames]], a rival discount department store, [[TJX Companies]] was formed which owned BJ's. TJX spun off their "warehouse division," consisting of BJ's and now defunct HomeClub (later known as [[HomeBase]], then House2Home), to form Waban, Inc. Later Waban spun off BJ's to become an independent company, headquartered in [[Natick]], [[Massachusetts]].
When Zayre sold their own nameplate to rival discount chain [[Ames (discount stores)|Ames]], [[TJX Companies]] was formed. TJX spun off their warehouse division, consisting of BJ's and now defunct [[HomeClub]] (later known as [[HomeBase]], then [[House2Home]]), to form [[Waban, Inc]]. Later, Waban spun off BJ's to become an independent company headquartered in [[Natick]], [[Massachusetts]].


As of April 2008, BJ's operates 177 BJ's warehouses in 16 states. Today, BJ's common stock is traded on the [[New York Stock Exchange]] under the symbol "BJ." The letters ''B'' and ''J'' are commonly misinterpreted to stand for ''Berkley and Jensen'' which is also a brand name sold in their stores. They actually stand for Beverley Jean, a daughter of a cofounder. BJ's competitors include [[Sam's Club]] and [[Costco|Costco Wholesale]] clubs.
The letters ''B'' and ''J'' stand for Beverly Jean, a daughter of one of the founders. They are commonly misinterpreted to stand for ''[[Berkley and Jensen]]'', a brand name sold in their stores.<ref>http://www.sptimes.com/2006/05/26/Northoftampa/BJ_s__rival_of_Sam_s_.shtml</ref>

⚫
[[Image:BJs Wholesale Club VA.jpg|thumb|BJ's Wholesale club in Virginia]]


==BJ's Today==
==BJ's Today==
⚫
[[Image:BJs Wholesale Club VA.jpg|thumb|BJ's Wholesale Club in [[Virginia]]]]
Today, BJ's is led by CEO Herb Zarkin and operates over 177 Clubs and employs over 19,500 Team Members (both full and part-time).
As of April 2008, BJ's operates 177 BJ's clubs in 16 states and employs over 19,500 Team Members (both full and part-time). It's major competitors are [[Costco]] and [[Sams Club]].


BJ's offers a variety of special benefits to its members. These include "member pricing," a variety of name-brand products at [[discount]] [[wholesale]] prices, acceptance of all valid [[manufacturer]]s' [[coupons]], and acceptance of many forms of payment (including [[cash]], [[check (disambiguation)|check]], [[Automated teller machine|ATM]]/[[debit cards]], and all major [[credit cards]]). Some clubs also accept food stamps, although not all do.
BJ's offers a variety of special benefits to its members. These include ''member pricing'', a variety of name-brand products at [[discount]] [[wholesale]] prices, acceptance of all valid [[manufacturer]]s' [[coupons]], and acceptance of many forms of payment ([[cash]], [[cheque|check]], [[Automated teller machine|ATM]]/[[debit cards]], and all major [[credit cards]]). Some clubs also accept food stamps.


[[wiktionary:Membership|Membership]]s at BJ's are required for these benefits and are available to individual [[consumers]] and [[businesses]]. BJ's memberships normally last for 12 months from the date of purchase and are required to be renewed yearly to maintain their validity. As of March 2008, a standard individual [[wiktionary:Membership|membership]] at BJ's costs $45 per year. In addition, BJ's also has a special "Rewards" membership that may be purchased for an additional $35, allowing 2% of all of a member's purchases to be "rewarded" and redeemed for use towards future BJ's purchases. Business members may apply to purchase BJ's products for resale, and those of [[nonprofit]] organizations may apply for [[sales tax|tax]]-exempt privileges (where applicable). Members with expired memberships (if they choose not to renew), as well as non-members are allowed to shop, but are assessed a 5-15% [[surcharge]] (depending on the club and the circumstances) on their total, and are not allowed to pay by [[cheque|check]]. However, if non-members keep their receipts with the surcharges shown on them, and they total to at least $45, they can use that for a membership. To aid in convenience, most BJ's memberships can be renewed at the [[Cash register|register]] during [[checkout]]. Note that once the membership is purchased, it is fully refundable within 90 days.[http://www.bjs.com/members/rewards_terms.shtml]
[[wiktionary:Membership|Membership]]s at BJ's are required for these benefits and are available to individual [[consumers]] and [[businesses]]. BJ's memberships normally last for 12 months from the date of purchase and are required to be renewed yearly to maintain their validity. As of March 2008, a standard individual [[wiktionary:Membership|membership]] at BJ's costs $45 per year. In addition, BJ's also has a special "Rewards" membership that may be purchased for an additional $35, allowing 2% of all of a member's purchases to be "rewarded" and redeemed for use towards future BJ's purchases. Business members may apply to purchase BJ's products for resale, and those of [[nonprofit]] organizations may apply for [[sales tax|tax]]-exempt privileges (where applicable). Members with expired memberships (if they choose not to renew), as well as non-members are allowed to shop, but are assessed a 5-15% [[surcharge]] (depending on the club and the circumstances) on their total, and are not allowed to pay by check. However, if non-members keep their receipts with the surcharges shown on them, and they total to at least $45, they can use that for a membership. To aid in convenience, most BJ's memberships can be renewed at the [[Cash register|register]] during [[checkout]]. Note that once the membership is purchased, it is fully refundable within 90 days.<ref>http://www.bjs.com/help/faq_mem.shtml</ref>


Many of BJ's clubs offer special services to members, such as [[gas stations]], home [[heating oil]], [[propane]] filling, an [[optical]] department, car rentals, and vacation packages. These services vary from location to location. [[As of 2008]], there were 153 Clubs with optical departments, and 100 Clubs with [[gas stations]]. As of 2007, BJ's has decided to close all pharmacy operations in its clubs.
Many of BJ's clubs offer special services to members, such as [[gas stations]], home [[heating oil]], [[propane]] filling, an [[optical]] department, car rentals, and vacation packages. These services vary from location to location. As of 2008, there were 153 Clubs with optical departments, and 100 Clubs with [[gas stations]]. As of 2007, BJ's has decided to close all pharmacy operations in its clubs.


Shoppers at BJ's wholesale club should also keep in mind that they may be subject to a different variety of products depending on which store they visit. Not all clubs carry the same items and therefore it provides a unique shopping experience for each shopper. Generally as a rule of thumb all clubs carry the items listed in the coupon book that is mailed to each members home on a bi-monthly basis, However, at certain times, it is not uncommon for a certain club to not carry a new item immediately due to its higher demand.
Shoppers at BJ's wholesale club should also keep in mind that they may be subject to a different variety of products depending on which store they visit. Not all clubs carry the same items and therefore it provides a unique shopping experience for each shopper. Generally as a rule of thumb all clubs carry the items listed in the coupon book that is mailed to each members home on a bi-monthly basis, However, at certain times, it is not uncommon for a certain club to not carry a new item immediately due to its higher demand.
Line 40: Line 38:


==Home Brands==
==Home Brands==
*'''Berkeley & Jensen''': BJ's own house-brand which makes many products ranging from foodstuffs and health care products to tires and recordable CDs.
*'''[[Berkeley & Jensen]]''': BJ's own house-brand which makes many products ranging from foodstuffs and health care products to tires and recordable CDs.
*'''Lanesboro''': BJ's own line of apparel, including jackets, undergarments, sportswear, workwear, and accessories.
*'''[[Lanesboro Apparel|Lanesboro]]''': BJ's own line of apparel, including jackets, undergarments, sportswear, workwear, and accessories.
*'''Rozzano''': BJ's line of Italian foods, including pasta and pasta sauces, fresh cheeses, and frozen pizzas.
*'''[[Rozzano Italian Foods|Rozzano]]''': BJ's line of Italian foods, including pasta and pasta sauces, fresh cheeses, and frozen pizzas.
*'''Wellsley Farms''': BJ's upscale, private-label line of fresh foods. The line includes a full selection of dairy products, heat-and-eat meals, produce and fresh and smoked meats
*'''[[Wellesley Farms]]''': BJ's upscale, private-label line of fresh foods. The line includes a full selection of dairy products, heat-and-eat meals, produce and fresh and smoked meats
*'''Executive Choice''': Office Supplies and other hardline goods
*'''[[Executive Choice]]''': Office Supplies and other hardline goods


==Distribution Centers==
==Distribution Centers==
As of 2008, three [[cross dock]] [[distribution centers]] are in operation.
As of 2008, three [[cross dock]] [[distribution centers]] are in operation.


*Uxbridge, MA: 618,000 square feet.
*[[Uxbridge, MA]]: 618,000 square feet.
*Burlington, NJ: 630,000 square feet.
*[[Burlington, NJ]]: 630,000 square feet.
*Jacksonville, FL: 480,000 square feet.
*[[Jacksonville, FL]]: 480,000 square feet.


==See also==
==See Also==
*[[Costco]] - Competitor
*[[Costco]] - Competitor
*[[Sam's Club]] - Competitor
*[[Sam's Club]] - Competitor

==References==
<references/>


==External links==
==External links==
*[http://www.bjs.com/ BJ's Wholesale Club Official Website]
*[http://www.bjs.com/ BJ's Wholesale Club Official Website]
*[http://www.bjsinvestor.com/downloads/BJs_AR2006.pdf BJ's Wholesale Club 2006 Annual Report]


[[Category:Companies established in 1984]]
[[Category:Companies established in 1984]]

Revision as of 03:46, 7 April 2008

BJ's Wholesale Club
Company typePublic (NYSE: BJ)
IndustryRetail
Founded1984
HeadquartersNatick, Massachusetts
Key people
Herbert Zarkin CEO
ProductsProduce, meat, seafood, fresh baked goods, dairy, flowers, clothing, books, software, home electronics, jewelry, and furniture.
Revenue$8.48 billion (2007)
Number of employees
19,500
Websitewww.bjs.com

BJ's Wholesale Club, Inc. (NYSE: BJ) is a membership-only warehouse club chain operating on the United States East Coast, as well as in the state of Ohio.[1] The company is also ranked 287 on Fortune magazine's 2007 listing of America's 500 largest public corporations.[2]

History

The company was started by Zayre, a discount department store chain, in 1984, on the Medford/Malden border in Massachusetts. This was and still is the company's flagship store.

When Zayre sold their own nameplate to rival discount chain Ames, TJX Companies was formed. TJX spun off their warehouse division, consisting of BJ's and now defunct HomeClub (later known as HomeBase, then House2Home), to form Waban, Inc. Later, Waban spun off BJ's to become an independent company headquartered in Natick, Massachusetts.

The letters B and J stand for Beverly Jean, a daughter of one of the founders. They are commonly misinterpreted to stand for Berkley and Jensen, a brand name sold in their stores.[3]

BJ's Today

BJ's Wholesale Club in Virginia

As of April 2008, BJ's operates 177 BJ's clubs in 16 states and employs over 19,500 Team Members (both full and part-time). It's major competitors are Costco and Sams Club.

BJ's offers a variety of special benefits to its members. These include member pricing, a variety of name-brand products at discount wholesale prices, acceptance of all valid manufacturers' coupons, and acceptance of many forms of payment (cash, check, ATM/debit cards, and all major credit cards). Some clubs also accept food stamps.

Memberships at BJ's are required for these benefits and are available to individual consumers and businesses. BJ's memberships normally last for 12 months from the date of purchase and are required to be renewed yearly to maintain their validity. As of March 2008, a standard individual membership at BJ's costs $45 per year. In addition, BJ's also has a special "Rewards" membership that may be purchased for an additional $35, allowing 2% of all of a member's purchases to be "rewarded" and redeemed for use towards future BJ's purchases. Business members may apply to purchase BJ's products for resale, and those of nonprofit organizations may apply for tax-exempt privileges (where applicable). Members with expired memberships (if they choose not to renew), as well as non-members are allowed to shop, but are assessed a 5-15% surcharge (depending on the club and the circumstances) on their total, and are not allowed to pay by check. However, if non-members keep their receipts with the surcharges shown on them, and they total to at least $45, they can use that for a membership. To aid in convenience, most BJ's memberships can be renewed at the register during checkout. Note that once the membership is purchased, it is fully refundable within 90 days.[4]

Many of BJ's clubs offer special services to members, such as gas stations, home heating oil, propane filling, an optical department, car rentals, and vacation packages. These services vary from location to location. As of 2008, there were 153 Clubs with optical departments, and 100 Clubs with gas stations. As of 2007, BJ's has decided to close all pharmacy operations in its clubs.

Shoppers at BJ's wholesale club should also keep in mind that they may be subject to a different variety of products depending on which store they visit. Not all clubs carry the same items and therefore it provides a unique shopping experience for each shopper. Generally as a rule of thumb all clubs carry the items listed in the coupon book that is mailed to each members home on a bi-monthly basis, However, at certain times, it is not uncommon for a certain club to not carry a new item immediately due to its higher demand.

As of January 2008, the company has attempted to make all clubs similar. Previously a number of clubs have had music playing 24/7. This has become a normal trend in almost all stores, as of February 2008.

Home Brands

  • Berkeley & Jensen: BJ's own house-brand which makes many products ranging from foodstuffs and health care products to tires and recordable CDs.
  • Lanesboro: BJ's own line of apparel, including jackets, undergarments, sportswear, workwear, and accessories.
  • Rozzano: BJ's line of Italian foods, including pasta and pasta sauces, fresh cheeses, and frozen pizzas.
  • Wellesley Farms: BJ's upscale, private-label line of fresh foods. The line includes a full selection of dairy products, heat-and-eat meals, produce and fresh and smoked meats
  • Executive Choice: Office Supplies and other hardline goods

Distribution Centers

As of 2008, three cross dock distribution centers are in operation.

See Also

References

  1. ^ http://www.bjsinvestor.com/profile.cfm
  2. ^ http://money.cnn.com/magazines/fortune/fortune500/2007/full_list/201_300.html
  3. ^ http://www.sptimes.com/2006/05/26/Northoftampa/BJ_s__rival_of_Sam_s_.shtml
  4. ^ http://www.bjs.com/help/faq_mem.shtml
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