2 Followers USX:BJ - BJ's Wholesale Club Holdings Inc BJs Wholesale Club Holdings In
Sector: Consumer Discretionary, Industry: General Merchandise Stores
Next Earnings: 15 Nov 2024
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USD 82.02    -0.04 (-0.05%)
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27 Sep 2024


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General

Established: 2011

Country: USA

City: Marlborough

Employees: 34000

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Description

BJ’s Wholesale serves as one of the few warehouse club chains in the United States. Its more than 240 warehouses are primarily located along the East Coast, most prominently in the New England area. Similar to its warehouse club peers, BJ’s charges annual membership fees and keeps costs down by operating a “no-frills” store environment. The company limits the use of distribution centers where possible and stores inventory on pallets directly on the sales floor, often in bulk quantities. The company also offers a limited assortment of stock-keeping units at its warehouses (around 7,000) to achieve greater procurement scale on select items. About 80% of BJ’s net sales come from grocery items and general merchandise, with the remaining 20% coming from gasoline and other ancillary services.

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