BJ's Wholesale Club, Inc. Reports August Sales.Business Editors NATICK, Mass.--(BUSINESS WIRE)--Sept. 6, 2001 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. (BJ: NYSE NYSE See: New York Stock Exchange ) today reported that sales for August increased by 6.5% to $384 million from $361 million in August 2000. Comparable club sales rose by 3.5% for the month and have increased by 4.1% year-to-date. Jack Nugent, president and chief executive officer, said, "August sales results reflected continuing strength in fresh food and other consumables, such as health & beauty aids."
Sales Results for August
($ in thousands)
Four Weeks Ended % Change
September 1, September 2, Net Comp.
2001 2000 Sales Sales
-------------- -------------- ----- -----
$ 384,047 $ 360,611 6.5% 3.5%
Thirty Weeks Ended % Change
September 1, September 2, Net Comp.
2001 2000 Sales Sales
-------------- -------------- ----- ------
$ 2,795,409 $ 2,572,668 8.7% 4.1%
The company provided the following additional information on the factors which affected August sales: By major market, BJ's comparable club sales increases were strongest in 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. and Metropolitan 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 . Total chain comparable club sales trends were strongest in the first week of August, primarily due to very hot weather which stimulated sales of air conditioners and summer seasonal merchandise, including outdoor furniture, coolers and grills. Other high growth categories during August included small electronics, large-screen TVs, and DVD players. In addition, BJ's fresh produce and beverage departments continued to generate excellent sales. Weaker categories included apparel, furniture, jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. , computers, computer software, and coffee, as well as sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport , which were up against strong sales of scooters List of scooter models per manufacturer Aprilia
BJ's introduced the wholesale club concept to New England in 1984, and has since expanded to become a leading warehouse chain 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 119 clubs compared with 112 one year ago. BJ's press releases and filings with the Securities and Exchange Commission are available on the Internet at www.bjs.com. |
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