BJ's Wholesale Club introduced the warehouse club concept to the northeastern United States in the mid 1980s. Since then, the chain has expanded its operations to 15 states from Maine to Florida.
BJ's is dedicated to providing its members with high-quality, brand-name merchandise at prices that are significantly lower than the prices found at supermarkets, supercenters, department stores, drug stores and specialty retail stores.
BJ's is traded on the New York Stock Exchange under the symbol "BJ." The Company is ranked 269 on Fortune magazine's listing of America's 500 largest public corporations.
BJ's is a dynamic, team-oriented company based in Natick, MA. Our rapid growth has created a variety of challenging opportunities in our Home Office, Clubs, and Distribution Centers. If you're enthusiastic, results-oriented, and eager to build a rewarding career with a company that recognizes outstanding performance, we want to hear from you!
BJ's is the only wholesale club with absolutely no membership qualifications or restrictions. All consumers and businesses are welcome to join.
BJ's Wholesale Club Reports March Sales Results
NATICK, MA - April 12, 2007 - - BJ's Wholesale Club, Inc. (BJ: NYSE) today reported that total sales for the month of March 2007 increased by 10.0% to $790.8 million from $718.7 million for March 2006. On a comparable club basis, March sales increased by 5.5%, including a contribution from sales of gasoline of approximately 2.1%, and a negative impact of 0.4% from the absence of pharmacy sales versus last year. The Company completed the closing of its in-club pharmacies in February, 2007. The calendar shift in the timing of the pre-Easter holiday sales to March this year from April last year had a positive impact on comparable club sales of approximately 1.5% to 2%.
For March 2006, the Company reported a comparable club sales increase of 3.1%, including a contribution from sales of gasoline of 0.9%.
The Company provided the following additional information regarding March 2007 comparable club sales for BJ's Wholesale Club:
Sales increased in weeks one, three, four, and five, with the highest increase in week five. Sales decreased in week two due primarily to unseasonably cold and snowy weather in the Northeast.
All regions showed positive sales increases, with the strongest gains in Upstate New York and Mid Atlantic and the smallest gain in the Southeast which is experiencing a higher level of competition and self cannibalization than BJ's other regions.
Excluding sales of gasoline, the average transaction amount increased by approximately 3% and traffic increased by approximately 1%.
Food sales increased by approximately 6% and general merchandise sales increased by approximately 1%.
Categories with the strongest sales increases compared to last year included dairy, deli, paper products, produce, soda & water and televisions. Weaker categories versus last year included DVDs, jewelry, lawn care, residential furniture and toys.
For the month of April, 2007, the Company expects to report comparable club sales in the range of flat to positive 2.0%. This estimate includes a contribution from sales of gasoline of approximately .5% to 1.5% and a negative impact from the Easter holiday calendar shift of approximately 2%, as well as a negative impact from a lack of pharmacy sales versus last year of approximately 40 basis points.
BJ's introduced the wholesale club concept to New England in 1984 and has since expanded to become a leading warehouse chain in the eastern United States. The Company currently operates 173 BJ's Wholesale clubs and 96 gasoline stations in 16 states. BJ's press releases and filings with the SEC are available on the Internet at www.bjsinvestor.com.
Forward-Looking Statements
Statements contained in this press release that are not purely historical, including expected April 2007 sales, are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements. Factors that may cause or contribute to such differences include, without limitation, levels of customer demand, economic and weather conditions, state and local regulation in the Company's markets, competitive conditions and other factors discussed in the Company's Annual Report on SEC Form 10-K for the fiscal year ended February 3, 2007. Any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimate as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so even if our estimates change.
BJ’s Wholesale Club
Staffing Department
P.O. Box 9601
Natick, MA 01760
Fax resume to:(508)651-8631
E-mail:jobs@bjs.com
At BJ's, we value diversity in our organization, and we are an equal employment opportunity employer.
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