BJ'S Wholesale Club, Inc. Reports October Sales.NATICK, Mass.--(BUSINESS WIRE)--Nov. 5, 1998--BJ's Wholesale Club, Inc. (NYSE NYSE See: New York Stock Exchange :BJ) today reported that October sales rose 9.4% to $265 million from $242 million recorded in October 1997. Comparable store sales increased by 3.4% in October and by 5.8% in the third quarter. Year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. , comp comp See comparison. store sales are up 5.6%. Jack Nugent, President and Chief Executive Officer, said: "BJ's October sales performance reflects continued strong demand in apparel, particularly men's, consumer electronics and home entertainment products, tires and health and beauty aids. A lower sales trend mid-month was likely the result of unusually warm fall weather, particularly on weekends. As the weather turned more seasonal, traffic in our clubs regained strength quickly." -0-
Sales Results for October
($ in thousands)
Four Weeks Ended % Change
October 31, November 1, Net Comp.
1998 1997 Sales Sales
$ 264,862 $ 242,094 9.4% 3.4%
Thirty-Nine Weeks Ended % Change
October 31, November 1, Net Comp.
1998 1997 Sales Sales
$ 2,443,639 $ 2,196,534 11.2% 5.6%
-0- BJ's Wholesale Club BJ's Wholesale Club, Inc. NYSE: BJ is a membership-only warehouse club chain operating in the East Coast of the United States, as well as in the state of Ohio. History , Inc. introduced the wholesale club concept to New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. in 1984 and has since expanded to become a leading membership wholesale club in the eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . BJ's currently operates 90 clubs compared with 84 one year ago. BJ's press releases are available on the Internet at www.bjswholesale.com and at Business Wire's Home Page at www.businesswire.com/cnn/bj/htm. |
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