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The price of a BJ’s Wholesale Membership membership will get pricier in January.
The corporate plans to boost its normal membership for its warehouse shops to $60 per 12 months and its premium Membership+ membership to $120 starting Jan. 1, BJ’s Wholesale stated Thursday.
These hikes – the primary in seven years – signify will increase of $5 and $10, respectively, from the memberships’ present costs.
A BJ’s Wholesale Membership location in West Hartford, Connecticut, on Aug. 14, 2024. (Joe Buglewicz/Bloomberg through Getty Photos / Getty Photos)
BJ’S WHOLESALE TO OPEN MORE LOCATIONS
“Since the last membership fee increase, the Company has transformed its business with a relentless focus on delivering value to members,” BJ’s Wholesale stated, including that it’ll allow the retailer to “invest in an even stronger value proposition” for membership cardholders.
Ticker Safety Final Change Change % BJ BJS WHSL CLUB HLDGS INC 93.76 +8.13
+9.49%
The transfer additionally follows competitor Costco, which carried out its personal enhance in September.
COSTCO’S FIRST MEMBERSHIP FEE INCREASE IN 7 YEARS NOW IN EFFECT
BJ’s Wholesale stated its membership rely stood at 7.5 million on the finish of the third quarter.
Its membership charges have introduced BJ’s Wholesale practically $339.49 million over the primary three quarters of the 12 months, together with $114.98 million within the third-quarter.
BJ’s Wholesale stated its membership rely stood at 7.5 million on the finish of the third quarter. (Joe Buglewicz/Bloomberg through Getty Photos / Getty Photos)
Membership charge revenue made up 2.1% of the $14.61 billion in complete revenues that BJ’s Wholesale reported for the third-quarter. The corporate’s internet gross sales, which clocked in at $14.3 billion, accounted for the overwhelming majority.
THE PERKS OFFERED TO COSTCO, BJ’S WHOLESALE AND SAM’S CLUB MEMBERS
The pricier Membership+ membership comes with extra perks in comparison with the usual membership, together with issues like cashback rewards and gasoline reductions.
BJ’s Wholesale stated two free same-day deliveries on eligible orders of at the least $50 per membership interval will turn out to be out there to Membership+ members in January.
