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Explore the financial performance and customer feedback of BJ’s Wholesale Club, a leader in wholesale retail in the U.S., offering diverse products, competitive memberships, and credit card benefits. Learn about its competitors, sales figures, and customer opinions, making it a potential investment opportunity with steady progress in revenue and consumer experience. Get insights into the company’s background, recent acquisitions, and stock performance.
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BJ’s Wholesale Club A Financial Analysis Jessica Webb April 22, 2013 Professional Writing University of Central Florida
Company Background • Started in 1984 (“Company background,” 2013) • Company named after first president’s daughter, Beverly Jean (“Team member guide,” 2010, p. 6) • Headquarters in Westborough, MA • 190 stores in the U.S. • Offers wide selection of products and services (“Company background,” 2013) (“Bj's,”2013)
Current Company Info • Biggest competitors in wholesale retail are Costco and Sam’s Club • Ranked #1 in New England for wholesale shopping (“Yahoo,” 2013) • Offers different memberships with increased benefits, as well as Visa credit cards with benefit tie-ins (“Company background,” 2013) • Recently bought by private companies Leonard Green & Partners and CVC Capital Partners (“Wikipedia,” 2013)
Sales Figures • While sales from BJ’s is considerable lower than more widely available chains such as Costco, BJ’s is still able beat their other competitor, Sam’s Club, in sales. (Ward, 2008) • Considering that BJ’s is only in 15 states, this is a great accomplishment!
Facts & Figures • In 2011, stock was up 6.97% (“Bj: stock quote,” 2011) • In 2010, BJ’s made Fortune 500’s list of top companies • In 2010, BJ’s revenue was $10,187.0 in millions (“Fortune 500 2010,” 2010)
Customer Opinion • BJ’s is ranked 5th in overall retail consumer experience with a positive 76%. • BJ’s could not match Sam’s Club, who ranked 1st in this study, yet it did manage to outdo its leading competitor, Costco, which ranked 11th. (Tempkin Group, 2013)
In Conclusion… • BJ’s Wholesale Club is one of the leaders in wholesale retail in the United States. • It continues to grow yearly with regards to its customer base and its financial success. • BJ’s would be a great investment for anyone interested in a company that has dedicated itself to customer service and continued financial increase!
Works Cited Bj. (2013). Retrieved from http://find.mapmuse.com/brand/bjs-wholesale-clubs Bj: Stock quote. (2011, Sep 30). Retrieved from http://www.thestreet.com/quote/BJ.html Company background. (2013). Retrieved from http://www.bjs.com/companybackground.content.about_background.A.about Fortune 500 2010 - bj's wholesale club. (2010, May 3). Retrieved from http://money.cnn.com/magazines/fortune/fortune500/2010/snapshots/10558.html Privco - bj's wholesale club, inc.. (2013). Retrieved from http://www.privco.com/private-company/bjs wholesale-club- inc Team member guide (2010). Bj's wholesale club, inc. team member guide. BJ's Wholesale Club. TempkinGroup. (2013, Mar 19). Customer experience matters - bj. Retrieved from http://experiencematters.wordpress.com/tag/bjs-wholesale-club/ Ward, S. (2008, Nov 25). Costco crushes sams's and bj's. Retrieved from http://www.thestreet.com/story/10449989/1/costco-crushes-sams-and-bjs.html Wikipedia. (2013, Feb 10). Bj's wholesale club. Retrieved from http://en.wikipedia.org/wiki/BJ's_Wholesale_Club Yahoo - bj's wholesale club, inc. company profile. (2013). Retrieved from http://biz.yahoo.com/ic/53/53503.html