BJ's Wholesale Club, Inc. (NYSE: BJ), commonly referred to simply as BJ's, is a membership-only warehouse club chain operating on the United States East Coast, as well as in the state of Ohio.[1] The company is ranked #232 on Fortune magazine's 2010 listing of America's 500 largest public corporations

BJ’s Wholesale Club, Inc. (BJ’s) is a warehouse club operator in the eastern United States. As of January 30, 2010, BJ’s operated 187 warehouse clubs in 15 states. As of January 30, 2010, the Company operated 167 full-sized warehouse clubs that averaged approximately 113,000 square feet and 20 smaller format warehouse clubs that averaged approximately 72,000 square feet. The Company’s specialty services include full-service optical centers, food courts, full-service Verizon Wireless centers, home improvement services, BJ’s Vacations, garden and storage sheds, patios and sunrooms, installation of home security systems, a propane tank filling service, an automobile buying service, a car rental service, muffler and brake services operated in conjunction with Monro Muffler Brake, Inc, television and home theater installation, and electronics and jewelry protection plans. Its electronic commerce business, bjs.com, provides hundreds of BJ’s general merchandise products. It provides delivery of these products to its members’ home or office.
Items sold on the Company’s Website include electronics, computers, video games, office equipment, products for the home, health and beauty aids, sporting goods, outdoor living, baby products, toys and jewelry. In addition, it offers services, such as auto and home insurance, home improvement, travel services, television and home theater installation and membership services. As of January 30, 2010, the Company had 104 gasoline stations in operation at its clubs. Food categories at BJ’s include frozen foods, fresh meat and dairy products, beverages, dry grocery items, fresh produce and flowers, canned goods and household paper products. The Company's general merchandise includes consumer electronics, prerecorded media, small appliances, tires, jewelry, health and beauty aids, household needs, chemicals, computer software, books, greeting cards, apparel, furniture, toys and seasonal items.
The Company competes with Costco Wholesale Corporation and Wal-Mart Stores, Inc.

As of January 30, 2010, BJ's operated 187 BJ's clubs in fifteen states and employed approximately 23,500 team members (both full- and part-time).Its major competitors are Costco Wholesale and Wal-Mart's version of a warehouse club concept, Sam's Club.
BJ's offers a variety of special benefits to its members. These include "member pricing", a variety of name-brand products at discount wholesale prices, acceptance of all valid manufacturers' coupons, and acceptance of many forms of payment (cash, check, ATM/debit cards, all major credit cards, and EBT SNAP benefits). BJ's is the only one of the three major warehouse club chains to regularly accept Visa as a method of payment.
Memberships at BJ's are required for these benefits and are available to individual consumers and businesses. BJ's memberships normally last for twelve months from the date of purchase and are required to be renewed yearly to maintain their validity. As of January 3, 2011, a standard Inner Circle (individual) membership at BJ's cost $50 per year. In addition, BJ's also has a special "Rewards" membership that may be purchased for an additional $40, allowing 2% of most of a member's purchases to be "rewarded" and redeemed for use towards future BJ's purchases (with the exception of alcohol, tobacco, and gas). Business members may apply to purchase BJ's products for resale, and those of non-profit organizations may apply for tax-exempt privileges (where applicable). Members with expired memberships (if they choose not to renew), as well as non-members are allowed to shop, but are assessed a 5-15% surcharge (depending on the club and the circumstances) on their total, and are not allowed to pay by check. However, if non-members keep their receipts and decide to renew their membership or open a new membership, they will be refunded the surcharge and applied towards the membership fee, within seven days.To aid in convenience, most BJ's memberships can be renewed at the register during checkout. BJ's Wholesale Club has a 100% Satisfaction Guarantee on their memberships, and therefore a membership can be refunded at any time during that membership period without any 90- or 30-day stipulation.
Many of BJ's clubs offer special services to members, such as gas stations, home heating oil, propane filling, an optical department, car rentals, and vacation packages. These services vary from location to location. As of 2008, there were 154 clubs with optical departments.[citation needed] As of January 30, 2010 BJ's operated 104 gasoline stations at their clubs. In February 2007, BJ's closed all pharmacies in its clubs.
BJ's Wholesale Club locations frequently stock different varieties of products at different locations. All clubs carry the items listed in the coupon book that is published on a bi-monthly basis. However, at certain times, it is not uncommon for a certain club not to carry a new item immediately due to its higher demand.[citation needed]
In March 2010, BJ's announced that they will move their corporate headquarters from Natick to Westborough, Massachusetts in 2011.
On January 5, 2011, BJ's announced it would close five underperforming stores in the Southeast and eliminate about 100 headquarters jobs by the end of the month and restructure its home office and some field operations. Its restructuring moves would result in 78 to 82 cents per share for its fiscal fourth quarter.


OVERALL
Beta: 0.52
Market Cap (Mil.): $2,755.44
Shares Outstanding (Mil.): 53.69
Annual Dividend: --
Yield (%): --
FINANCIALS
BJ Industry Sector
P/E (TTM): 22.16 31.39 8.93
EPS (TTM): -6.04 -- --
ROI: 9.94 9.98 0.90
ROE: 11.45 15.73 1.56

Name Age Since Current Position
Zarkin, Herbert 72 2010 Non-Executive Chairman of the Board
Sen, Laura 54 2009 President, Chief Executive Officer, Director
Eddy, Robert 38 2011 Chief Financial Officer, Executive Vice President
Amalfi, Peter 55 2011 Executive Vice President, Chief Information Officer
Povich, Lon 51 2007 Executive Vice President, General Counsel, Secretary
Neppl, Christina 50 2008 Executive Vice President - Merchandising and Logistics
Catuna, Cornel 46 2011 Executive Vice President - Club Operations
Atkinson, Michael 56 2010 Senior Vice President, Director - Marketing and E-Commerce
Hoffman, Susan 53 2010 Senior Vice President - Human Resources, Chief People Officer
Mulleady, John 50 2010 Senior Vice President, Director - Real Estate
Shields, Thomas 64 2005 Independent Presiding Director
Danos, Paul 68 2004 Independent Director
Peters, Helen 63 2004 Independent Director
English, Edmond 56 2006 Independent Director
Sheehan, Michael 50 2008 Independent Director
Cournoyer, Christine 59 2008 Independent Director
Schlesinger, Leonard 58 2009 Independent Director

COMPANY ADDRESS
BJ's Wholesale Club Inc
25 Research Drive
Westborough MA 01581
 
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