BJ'S Wholesale Club, Inc. Reports September Sales.NATICK, Mass.--(BUSINESS WIRE)--Oct. 8, 1998--BJ's Wholesale Club, Inc. (NYSE NYSE See: New York Stock Exchange :BJ) today reported that September sales rose 13.1% to $313 million from $277 million recorded in September of 1997. Comparable store sales increased by 9.0% for the month and by 5.8% year-to-date. The company also announced it has opened two new units: one in Middletown (Newport), Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , on September 13, 1998 and a second in Queens (College Point) on Long Island, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , on October 4, 1998. Jack Nugent, President and Chief Executive Officer, said: "BJ's September sales performance reflects, in part, a shift of the Labor Day Labor Day, holiday celebrated in the United States and Canada on the first Monday in September to honor the laborer. It was inaugurated by the Knights of Labor in 1882 and made a national holiday by the U.S. Congress in 1894. holiday and strong sales in `hit' videos, particularly the `Titanic' video. Sales were also very strong in many other important categories including apparel, consumer electronics, film and batteries, automotive products and health and beauty aids." Continuing, Nugent added, "Adjusting for the calendar shift and unusually high video sales, we believe our underlying comparable store sales trend remains unchanged." -0-
Sales Results for September
($ in thousands)
Five Weeks Ended % Change
October 3, October 4, Net Comp.
1998 1997 Sales Sales
$ 312,936 $ 276,596 13.1% 9.0%
Thirty-Five Weeks Ended % Change
October 3, October 4, Net Comp.
1998 1997 Sales Sales
$ 2,178,777 $ 1,954,441 11.5% 5.8%
-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 warehouse 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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