BJ’s Wholesale Club, generally referred to easily as BJ’s, is an American membership-solely warehouse membership chain working on america East Coast, in addition to within the state of Ohio. The corporate was ranked #232 on Fortune journal’s 2010 itemizing of America’s 500 largest public companies.
The corporate was began by low cost division retailer chain Zayre in 1984, on the Medford/Malden border in Massachusetts. The corporate’s identify was derived from the initials of Beverly Jean Weich, the daughter of Mervyn Weich, the president of the brand new firm. Weich introduced his resignation as president in June 1987, and left on August 1. He was changed by John Levy.
When Zayre Corporation offered the Zayre nameplate to rival low cost chain Ames in October 1988, TJX Companies was fashioned. In 1989, TJX spun off their warehouse division, consisting of BJ’s and now-defunct HomeClub (later referred to as HomeBase, then House2Home), to kind Waban, Inc. In August 1997, Waban spun off BJ’s to grow to be an impartial firm, BJ’s Wholesale Membership, Inc., headquartered in Natick, Massachusetts, whereas Waban renamed itself to HomeBase, Inc.
In 2011, BJ’s was acquired by two non-public fairness companies, Leonard Green & Partners and CVC Capital Partners.
As of November 6, 2013, BJ’s operated 200 BJ’s golf equipment in fifteen states and employed roughly 25,000 crew members (each full- and half-time). Its main rivals are Costco Wholesale and Walmart’s model of a warehouse membership idea, Sam’s Membership.
BJ’s provides a wide range of particular advantages to its members. These embody “member pricing”, quite a lot of identify-model merchandise at low cost wholesale costs, acceptance of all legitimate producers’ coupons, and acceptance of many types of fee (money, verify, ATM/debit playing cards, all main bank cards, and EBT SNAP advantages). BJ’s is the one one of many three main warehouse membership chains to usually settle for bank cards as a technique of cost.