BJ's Wholesale Club, Inc. Reports June Sales.Business Editors NATICK, Mass.--(BUSINESS WIRE)--July 6, 2000 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. (NYSE NYSE See: New York Stock Exchange :BJ) today reported that sales for June increased by 13.6% to $469 million from $413 million recorded in June 1999. Comparable club sales increased by 4.1% for the month and by 5.9% year-to-date. Jack Nugent, president and chief executive officer, commented, "June sales reflect continued strong demand for apparel, computers and jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. . In addition, food sales strengthened during the month." Nugent continued, "BJ's June comparable club sales performance was impacted by cooler-than-normal, rainy rain·y adj. rain·i·er, rain·i·est Characterized by, full of, or bringing rain. rain i·ness n.Adj. weather in the first half of the month and a shift of a portion of pre-July 4th shopping from June into July. We estimate that these two factors adversely impacted sales by 2 - 3%."
Sales Results for June
($ in thousands)
Five Weeks Ended % Change
July 1, July 3, Net Comp.
2000 1999 Sales Sales
$ 469,207 $ 412,941 13.6% 4.1%
Twenty-Two Weeks Ended % Change
July 1, July 3, Net Comp.
2000 1999 Sales Sales
$ 1,853,907 $ 1,579,910 17.3% 5.9%
BJ's Wholesale Club, 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 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 110 clubs compared with 100 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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