The company was started by discount department store chain Zayre in 1984, on the Medford/Malden border in Massachusetts. The company's name was derived from the initials of Beverly Jean Weich, the daughter of Mervyn Weich, the president of the new company. Weich announced his resignation as president in June 1987, and left on August 1. He was replaced by John Levy. When Zayre Corporation sold the Zayre nameplate to rival discount chain Ames in October 1988, TJX Companies was formed. In 1989, TJX spun off their warehouse division, consisting of BJ's and now-defunct HomeClub, to form Waban, Inc. In August 1997, Waban spun off BJ's to become an independent company, BJ's Wholesale Club, Inc., headquartered in Natick, Massachusetts, while Waban renamed itself to HomeBase, Inc. In 2011, BJ's was acquired by two private equity firms, Leonard Green & Partners and CVC Capital Partners. It returned to being a public company in 2018. In 2019, BJ's expanded into Michigan, with a new store in Madison Heights. A second and a third Michigan location will soon open in Taylor and in Chesterfield Township, respectively.
Today
As of summer 2020, BJ's operates 216 BJ's clubs in 17 states and employed approximately 25,000 team members. Clubs are found in Maine, New Hampshire, Massachusetts, Delaware, Connecticut, Rhode Island, New York, New Jersey, Pennsylvania, Maryland, Virginia, North Carolina, South Carolina, Georgia, Florida, Ohio, and Michigan. Its major competitors are Costco Wholesale and Walmart'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 manufacturerscoupons, and acceptance of many forms of payment. 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 must be renewed yearly., a standard Inner Circle membership at BJ's cost $55 per year. In addition, BJ's also has a special "Rewards" membership that may be purchased for an additional $55, allowing 2% of most of a member's purchases to be "rewarded" and redeemed for use towards future BJ's purchases. Business members may apply to purchase BJ's products for resale, and nonprofit organization members may apply for tax-exempt privileges. Members with expired memberships, as well as non-members are allowed to shop, but are assessed a 5-15% surcharge 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; 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 car rentals, gas stations, home heating oil, an optical department, propane filling, and vacation packages. These services vary from location to location., there were 154 clubs with optical departments. 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. However, all clubs carry the items listed in the coupon book that is published on a 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. In March 2010, BJ's announced they would 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, eliminate approximately 100 headquarters jobs by the end of the month, and restructure its home office and some field operations. Its restructuring moves would result in savings of 78 to 82 cents per share for its fiscal fourth quarter. On December 19, 2019, BJ's named Lee Delaney as its next CEO starting February 2, 2020. Delaney had been an executive vice president and chief growth officer of the company since 2016. Current CEO Chris Baldwin will become executive chairman.
Brands
House brands
BJ's Wholesale Club regularly markets numerous products under its own private labels — including products by Richelieu Foods.
Berkley-Jensen : BJ's private-label products, including some food and non-food items.
Wellsley Farms: BJ's upscale, private-label line of fresh foods, which includes a full selection of dairy products, produce, juices, and fresh heat-and-eat meals
