BJ's Wholesale Club Reports June Sales.Business Editors 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 June increased by 14.9% to $584 million from $508 million in June 2001. Comparable club sales rose 4.1% for the month and have increased by 3.9% year-to-date. BJ's president and chief executive officer, Jack Nugent, said, "BJ's June sales performance reflects strong sales in many seasonal categories such as air conditioners, lawn and garden products, and grills."
Sales Results for June
($ in thousands)
Five Weeks Ended % Change
July 6, July 7, Net Comp.
2002 2001 Sales Sales
--------- --------- ----- -----
$ 583,603 $ 508,087 14.9% 4.1%
22 Weeks Ended % Change
July 6, July 7, Net Comp.
2002 2001 Sales Sales
--------- --------- ----- -----
$2,298,799 $2,042,980 12.5% 3.9%
The Company provided the following additional information on June sales: Each of BJ's major markets reported positive comparable club sales increases in June, with the highest increase 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 lowest in the Baltimore/DC market. Comparable club sales increases were strongest in weeks one and five and softest in week three. Gasoline sales had a slightly negative impact on comparable club sales due to price deflation deflation: see inflation. deflation Contraction in the volume of available money or credit that results in a general decline in prices. A less extreme condition is known as disinflation. . Food categories with strong sales increases included beer and wine, liquor, pet foods, prepared foods, snacks, and water. Weaker food categories included cigarettes and dairy. Strong general merchandise categories included air conditioners and fans, automotive, domestics, 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. , prerecorded pre·re·cord tr.v. pre·re·cord·ed, pre·re·cord·ing, pre·re·cords To record (a television program, for example) at an earlier time for later presentation or use. Adj. 1. media, lawn and garden and residential furniture. Weaker categories of general merchandise included computer equipment, men's apparel, office supplies Office supplies is the generic term that refers to all supplies regularly used in offices by businesses and other organizations, from private citizens to governments, who works with the collection, refinement, and output of information (colloquially referred to as "paper work"). and tires. BJ's introduced the warehouse 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. . The Company currently operates 137 clubs compared with 118 clubs one year ago. BJ's ended the month with a total of 61 gas stations in operation compared with 39 gas stations one year ago. BJ's press releases and SEC filings are available on the Internet at www.bjs.com. |
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