{"id":304,"date":"2011-10-14T08:20:00","date_gmt":"2011-10-14T12:20:00","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/2011\/10\/company-snapshot-bjs-wholesale-club-inc\/"},"modified":"2011-10-14T08:20:00","modified_gmt":"2011-10-14T12:20:00","slug":"company-snapshot-bjs-wholesale-club-inc","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2011\/10\/company-snapshot-bjs-wholesale-club-inc\/","title":{"rendered":"Company Snapshot: BJs Wholesale Club Inc."},"content":{"rendered":"

Address:<\/strong>
\n25 Research Dr
\nWESTBOROUGH, MA 01581<\/p>\n

Telephone:<\/strong>
\n774 512-7400<\/p>\n

Internet Homepage:<\/strong>
\nhttp:\/\/www.bjs.com<\/a><\/p>\n

Total Current Stores:<\/strong>
\n191<\/p>\n

Trading Areas:<\/strong>
\nConnecticut, Delaware, Florida, Georgia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Virginia<\/p>\n

Total Annual Sales<\/strong>:
\n$10,877,239,000<\/p>\n

Senior Executives:<\/strong>
\nHerbert Zarkin: Chairman
\nLaura Sen:\u00a0\u00a0\u00a0\u00a0 President, CEO<\/p>\n

 <\/p>\n

During the early part of our current century, BJs Wholesale Club was seen as struggling.\u00a0 Some analysts even wondered if it could survive.\u00a0 The company\u2019s board of directors gathered for a very transparent corporate restructuring.\u00a0 The success of this action was so swift and apparent that the company never looked back.<\/p>\n

The warehouse club concept had essentially been born in 1976 with the creation of Price Club.\u00a0 Within a decade the Warehouse Club concept had achieved a remarkable popularity which lasted through the early 90\u2019s when the concept\u2019s popularity began to wane.\u00a0 Pace Membership Warehouse Inc. was sold to Walmart and the locations became Sam\u2019s Clubs.\u00a0 Price Club (made popularly infamous by a Seinfeld episode) merged into Costco.\u00a0 By the turn of the century, there remained essentially two national forces representing the concept, Costco and Sam\u2019s Club with BJs as a less popular regional.<\/p>\n

Aside from its regional scope, as opposed to the national presence of its membership club competitors Costco and Sam\u2019s Club, BJ\u2019s distinguishes itself by offering product sizes more amenable to most consumers than the competition\u2019s giant offerings.\u00a0 Large parcels are often comprised of several smaller pieces rather than a single enormous offering.\u00a0 Thus customers can easily divide the savings between family and friends.<\/p>\n

The company does not view competition as limited to other membership clubs.\u00a0 BJ\u2019s includes Target, Walmart and Kmart as competing retailers.\u00a0\u00a0 This can be seen through the company\u2019s shrewd real estate acquisitions where it seems to prefer inexpensive plots that connect more to the popular discounters than to other clubs.<\/p>\n

If there is any doubt about successes after the corporate restructuring, BJ\u2019s recently announced that it had been acquired by an affiliate of Leonard Green & Partners. \u00a0It has now become a private company.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Address: 25 Research Dr WESTBOROUGH, MA 01581 Telephone: 774 512-7400 Internet Homepage: http:\/\/www.bjs.com Total Current Stores: 191 Trading Areas: Connecticut, Delaware, Florida, Georgia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, Virginia Total Annual Sales: $10,877,239,000 Senior Executives: Herbert Zarkin: Chairman Laura Sen:\u00a0\u00a0\u00a0\u00a0 President, CEO   During the… Continue reading Company Snapshot: BJs Wholesale Club Inc.<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[6,15],"class_list":["post-304","post","type-post","status-publish","format-standard","hentry","category-discount-specialty","tag-csg-old","tag-snapshot","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=304"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/304\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}