BJ’s Wholesale Club expanding its retail footprint
BJ’s Wholesale Club continues to venture beyond its Northeast home base.
The warehouse club operator will open two new stores, including BJ’s Gas, in early 2020, in Pensacola, Fla. and Chesterfield, Mich. BJ’s is on track to to open its first two locations in Michigan this fall, in Taylor, and Madison Heights. The Pensacola location will be the company’s 33rd site in Florida.
“We see great potential in these markets and look forward to delivering outstanding value and savings to hardworking families in both communities,” said Christopher J. Baldwin, chairman and CEO, BJ’s Wholesale Club, which currently operates 217 clubs and 141 BJ’s Gas locations in 16 states, primarily in the East Coast.
Last week, the retailer reported second-quarter earnings that beat analysts’ estimates. Its net income totaled $54.5 million, or $0.39 a share,compared to a loss of $5.6 million, or 5 cents a share, in the year-ago period. Analysts had expected earnings per share of $0.37.
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