BJ's Wholesale Club Elects Dr. Paul Danos and Dr. Helen Frame Peters to Its Board of Directors.

Business Editors

NATICK, Mass.--(BUSINESS WIRE)--May 26, 2004

BJ's Wholesale Club, Inc. (NYSE: BJ) today announced the election of Paul Danos and Helen Frame Peters to its Board of Directors effective May 24, 2004.

Paul Danos is Dean of the Tuck School of Business, Dartmouth College, where he is also the Laurence. F. Whittemore Professor of Business Administration. Prior to joining the Tuck School in 1995, Dr. Danos was Senior Associate Dean, School of Business Administration, at the University of Michigan.

Dr. Danos is a Certified Public Accountant and served on the Founding Advisory Board of Ledyard National Bank, the Advisory Council for the University of Notre Dame College of Business Administration as well as New Hampshire Governor Jeanne Shaheen's State Consensus Revenue Estimating Panel. He received a B.S. degree from the University of New Orleans, an M.B.A. degree from the University of New Orleans and a Ph.D from the University of Texas, Austin.

Commenting on Dr. Danos' appointment, Mike Wedge, BJ's president and CEO said, "We are extremely pleased to welcome Dr. Danos to the BJ's Wholesale Club Board of Directors. Paul's position as Dean of the Tuck School, as well as his vast knowledge of accounting and finance, will broaden the experience base of our board and contribute valuable perspective that will assist management in its strategic decisions."

Helen Frame Peters is Professor of Finance and former Dean of the Carroll School of Management at Boston College, where she is also a founder of the Center for Investment Research and Management. Dr. Peters is a member of the board of directors of Tradeware Corporation, Streettrack Funds for State Street Bank and the New England Advisory Board for Sovereign Bank. Prior to Boston College, Dr. Peters served as an investment banker, government regulator, financial strategist, and money manager. She holds a BA in economics from the University of Pennsylvania and an MA in statistics and a Ph.D in finance from its Wharton School. She was the first woman to receive a Ph.D in finance from the Wharton School.

Commenting on Dr. Peters' appointment, Mike Wedge said, "We are very pleased to have someone with Dr. Peter's extensive background in finance, securities analysis and corporate governance join our board. Helen's real-world experience in investment management will prove invaluable to the company."

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. The Company currently operates 150 clubs and 78 gas stations in sixteen states. BJ's press releases and filings with the SEC are available on the Internet at www.bjs.com.