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BJ's Wholesale Club Reports November Sales Results

Furniture World Magazine

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BJ’s Wholesale Club, Inc., reported that sales for November 2009 increased by 6.4% to $833.6 million from $783.2 million in November 2008. Comparable club sales for November 2009 increased by 1.0%.

Sales Results for November 2009
($ in thousands)

The Company provided the following information regarding comparable club sales for November 2009:

  • Sales increased in weeks one and two, and decreased in weeks three and four.
  • Comparable club sales increased in the Metro New York, New England and Southeast regions and decreased slightly in the Mid Atlantic and Upstate New York regions.
  • Excluding sales of gasoline, traffic increased by approximately 3% versus last year. The average transaction amount decreased by approximately 2% and reflected continued deflation in a number of high velocity departments, including dairy, eggs, meat, milk, oils & shortenings, plastic trash bags and televisions.
  • Sales of food increased by approximately 2%. Sales of general merchandise decreased by approximately 1%.
  • Departments with strong comparable club sales increases included fresh bakery, breakfast foods, cigarettes, computers, frozen, health & beauty, household chemicals, housewares, juices, paper, produce and residential furniture. Weaker departments versus last year included apparel, dairy, fresh meat, oils and shortening, sporting goods, trash bags, televisions and video games.

The Company currently operates 186 BJ’s Wholesale clubs in 15 states. 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. BJ’s press releases and filings with the SEC are available on the Internet at www.bjs.com.