NATICK, Mass. — BJ's Wholesale Club here said Wednesday it would raise its annual membership fees by $5, to $50, beginning in January, and invest the increased revenues in store remodels. The membership fee increase, BJ's first since 2006, would generate about $20 million in new revenue, officials said, including an expectation that renewals would decrease 1% to 1.5% as a result of the hike. BJ's made the membership fee announcement while reviewing financial results from its fiscal third ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.