Content about BJ's Wholesale Club

April 10, 2012

BJ's Wholesale Club is capitalizing on the growing demand for locally grown produce by launching its "Farm to Club" program in each of its 195 clubs in 15 states.

WESTBOROUGH, Mass. — BJ's Wholesale Club is capitalizing on the growing demand for locally grown produce by launching its "Farm to Club" program in each of its 195 clubs in 15 states. Rolling out this spring and summer, the Farm to Club program includes a variety of fresh fruits and vegetables that will be clearly marked with a special "Farm to Club, Locally Grown" seal.

January 24, 2012

BJ's Wholesale Club is opening three new club locations, including one in Virginia and two in New York.

WESTBOROUGH, Mass. — BJ's Wholesale Club is opening three new club locations, including one in Virginia and two in New York.

The stores will open in Gainseville, Va., Deer Park, N.Y., and Ithaca, N.Y.

"BJ's is thrilled to join these three thriving communities," BJ's Wholesale Club CEO Laura Sen said. "From prepared foods to certified organic and all-natural produce, to name brand electronics and merchandise, we're proud to open our new locations and delight Members with our selection and convenience."

October 25, 2011

BJ's Wholesale Club is slated to open its newest store in Massachusetts this weekend, the company announced Tuesday.

PITTSFIELD, Mass. — BJ's Wholesale Club is slated to open its newest store in Massachusetts this weekend, the company announced Tuesday.

The more than 85,000-sq.-ft. club, located in Pittsfield, joins 23 other BJ's clubs throughout the state.

The club's operating hours will befrom 9 a.m. to 9 p.m., Monday through Saturday, and 9 a.m. to 7 p.m. on Sunday.

September 30, 2011

BJ's Wholesale Club officially is owned by Leonard Green & Partners and CVC Capital Partners, just a few weeks after the retailer's stockholders approved the agreement.

WESTBOROUGH, Mass. — BJ's Wholesale Club officially is owned by Leonard Green & Partners and CVC Capital Partners, just a few weeks after the retailer's stockholders approved the agreement.

BJ's was required in an all-cash transaction valued at $51.25 per share, or $2.8 billion.

BJ’s common stock will be delisted from the New York Stock Exchange prior to the opening of business on Monday, Oct. 3, the companies said.

The deal was announced in late June after months of speculation. BJ’s board of directors unanimously approved the agreement.

September 26, 2011

BJ's Wholesale Club announced that it is partnering with 13 of the country's leading cancer centers to host picnic luncheons to educate guests about breast cancer.

WESTBOROUGH, Mass. — BJ's Wholesale Club announced that it is partnering with 13 of the country's leading cancer centers to host picnic luncheons to educate guests about breast cancer.

This is the sixth year BJ's is hosting these "Pink Picnic" events, which will feature a doctor or specialist from a partner hospital and an inspirational speaker, who will share her experience with the disease, the company reported.

During the event, cancer survivors will be invited to share their stories. Additionally, all attendees will receive special gift bags.

September 9, 2011

At a special meeting held Friday, BJ's Wholesale Club stockholders approved the definitive agreement between the company and Leonard Green & Partners and CVC Capital Partners to be acquired in an all-cash transaction valued at about $2.8 billion.

WESTBOROUGH, Mass. — At a special meeting held Friday, BJ's Wholesale Club stockholders approved the definitive agreement between the company and Leonard Green & Partners and CVC Capital Partners to be acquired in an all-cash transaction valued at about $2.8 billion.

BJ's anticipates the closing of the transaction, which was announced in late June, will occur around the end of the month.

August 17, 2011

Strong performances in key categories and higher gas profitability helped BJ’s Wholesale Club exceed its earnings guidance for the second quarter.

WESTBOROUGH, Mass. — Strong performances in key categories and higher gas profitability helped BJ’s Wholesale Club exceed its earnings guidance for the second quarter.

The company reported net income for the period ended July 30 of $45.7 million, or 84 cents per diluted share. The company's guidance called for net income in the range of $40.5 to $42.5 million and earnings in the range of 74 cents to 78 cents per diluted share. For second quarter 2010, BJ's reported net income of $35.8 million, or 67 cents per diluted share.

June 29, 2011

After months of speculation, BJ's Wholesale Club has entered a definitive agreement to be acquired by Leonard Green & Partners and CVC Capital Partners for an all-cash transaction valued at about $2.8 billion.

WESTBOROUGH, Mass. — After months of speculation, BJ's Wholesale Club has entered a definitive agreement to be acquired by Leonard Green & Partners and CVC Capital Partners for an all-cash transaction valued at about $2.8 billion.

BJ’s board of directors unanimously approved the merger agreement — which is subject to approval of BJ’s shareholders, customary closing conditions and regulatory approvals — and recommended that all BJ’s shareholders vote in favor of the transaction.

June 17, 2011

Leonard Green & Partners and CVC Capital Partners said Friday they are making a joint buyout bid worth an undisclosed amount for BJ's Wholesale Club.

NEW YORK — Leonard Green & Partners and CVC Capital Partners said Friday they are making a joint buyout bid worth an undisclosed amount for BJ's Wholesale Club.

The two private equity firms revealed their plans in a Securities and Exchange Commission filing on Friday. The bid price was not disclosed.

In February, BJ's announced it was exploring a sale. In March, Leonard Green already is the chain's larger shareholder, with a 9.3% stake.

May 18, 2011

BJ’s Wholesale Club reported net income of $33.7 million, or 62 cents per diluted share, for the first quarter ended April 30.

WESTBOROUGH, Mass. — BJ’s Wholesale Club reported net income of $33.7 million, or 62 cents per diluted share, for the first quarter ended April 30.

Results for first quarter 2011 exceeded the company’s guidance for net income in the range of $29.5 million to $31.5 million, or 54 cents to 58 cents per diluted share.

May 5, 2011

Sales during the month of April edged up for wholesalers Costco and BJ's Wholesale Club, the companies reported Thursday.

NEW YORK — Sales during the month of April edged up for wholesalers Costco and BJ's Wholesale Club, the companies reported Thursday.

Issaquah, Wash.-based Costco reported a 17% increase for the four weeks ended May 1 to $6.8 billion, compared with the year-ago period. For the period ended April 30, BJ's disclosed a sales increase of 12.2% to $871.7 million, compared with April 2010.

March 22, 2011

Private equity firm Leonard Green & Partners is considering an offer to acquire BJ’s Wholesale Club, according to a recent filing with the Securities and Exchange Commission.

NEW YORK — Private equity firm Leonard Green & Partners is considering an offer to acquire BJ’s Wholesale Club, according to a recent filing with the Securities and Exchange Commission.

Leonard Green, which already has a 9.3% ownership stake in the wholesale club operator, said in the SEC filing that it is examining confidential information provided by BJ's as it evaluates an offer.

BJ's revealed in February that it was considering putting the company on the sales block.

February 3, 2011

After months of speculation, BJ's Wholesale Club early Thursday morning confirmed the company has decided to explore and evaluate strategic alternatives. Coupled with that announcement was a positive sales story for the year.

WESTBOROUGH, Mass. — After months of speculation, BJ's Wholesale Club early Thursday morning confirmed the company has decided to explore and evaluate strategic alternatives. Coupled with that announcement was a positive sales story for the year.

November 16, 2010

BJ’s Wholesale Club reported net income of $23 million, or 43 cents per diluted share,...

NATICK, Mass. BJ’s Wholesale Club reported net income of $23 million, or 43 cents per diluted share, for third quarter 2010. For third quarter 2009, the company reported net income of $17.4 million, or 32 cents per diluted share.

 

Net sales for the third quarter increased by 4.8% to $2.57 billion from $2.45 billion in the prior year period. Comparable-club sales for the quarter increased 2.5%. Excluding the impact of fuel, comparable-club sales increased 1.5%.

 

November 9, 2010

Rumors have surfaced that wholesaler BJ's is looking to sell....

NEW YORK Rumors have surfaced that wholesaler BJ's is looking to sell.

The news first was reported by the New York Post, which cited a source close to the matter. The report said that BJ's is looking to hire an adviser to aid its business-making decisions, including a possible sale to a private equity, naming Los Angeles-based firm Leonard Green & Partners as its likely buyer.