BJ's Wholesale Club Holdings, Inc.
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About
BJ's Wholesale Club Holdings, Inc. operates membership warehouse clubs providing grocery, general merchandise, gasoline, and other products primarily on the U.S. East Coast. The company operates warehouse clubs offering members bulk quantities and low prices on food, electronics, home goods, apparel, and various services. BJ's differentiates from competitors Costco and Sam's Club through smaller store formats, acceptance of manufacturers' coupons, and focus on everyday low prices on fresh foods and groceries. The company generates revenues from membership fees and merchandise sales, with growing contributions from gasoline, pharmacy, optical, and tire installation services. Founded in 1984 and headquartered in Westborough, Massachusetts, BJ's has built a loyal membership base in its operating markets primarily in the Northeast and Mid-Atlantic states. The company went public for the second time in 2018 after being taken private by private equity firms. BJ's benefits from membership fee revenue, strong comparable-store sales, and operational improvements. The company faces competition from Costco, Walmart, and traditional grocers. BJ's continues to invest in new club openings, digital capabilities, and member value propositions.