April 17, 2024

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BJ's Wholesale to open more locations

BJ's Wholesale to open more locations

BJ's Wholesale Club said Wednesday it will open more locations across the country this year.

The Massachusetts-based company said each of the five planned locations will help create 150 new jobs for people in the areas where they open. BJ's, with smaller warehouses, competes with Sam's Club and Costco Wholesale.

Two of the new locations will be in Florida, operating in Palm Coast and West Palm Beach. Others will be based in Carmel, Indiana. Myrtle Beach, South Carolina; And Maryville, Tennessee.

BJ's Wholesale Club location in Albany, New York, on March 4. (Angus Mordaunt/Bloomberg via Getty Images/Getty Images)

“Our real estate plan is the strongest in 20 years, and we look forward to helping more families save up to 25% on grocery store prices as we add clubs to both new and existing markets,” Bill Werner, BJ's executive vice president of strategy, said. And development in a statement.

BJ's Wholesale Club Holdings

BJ's expansion plan for fiscal year 2024 includes the creation of 12 new clubs. It also indicated that it will open 15 gas stations.

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During the company's quarterly earnings call earlier in March, Werner said BJ's locations “are outperforming on the selling side, and we're seeing great member acquisition, member engagement” over the past two years.

The company's real estate footprint spans 20 states with 244 clubs and 175 gas locations.

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“This is really the time for clubs, isn't it? Think about the shopping environment out there where value is paramount. There's no better value than the club business,” CEO Bob Eddy told analysts and investors. “So we have to be as aggressive as possible in bringing what we offer to new markets and expanding our reach into existing markets as well.”

The exterior of BJ's Wholesale Club

BJ's Wholesale Club in Falls Church, Virginia, on May 23, 2023. (Wayne McNamee/Getty Images/Getty Images)

Costco will crack down on non-members dining in its dining halls

More than 7 million people have BJ's memberships, the Massachusetts-based company said earlier this month.

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BJ BJS WHSL CLUB HOLDINGS INC 76.46 +1.76 +2.36%