After filing for an initial public offering in May, late last month BJ's Wholesale Club announced an IPO of 37.5 million shares of common stock at $17 per share, raising $637.5 million. The company now trades under the ticker symbol "BJ" on the New York Stock Exchange.
The stock closed yesterday at $23.75.
BJ's presence on the stock market marks a seven-year absence, when in 2011 Leonard Green & Partners and CVS Capital Partners took the company private via a $2.8 million buyout. At the time, BJ's operated 190 warehouses. It now has 215 stores in 16 states.
Showing posts with label BJ's Wholesale Club. Show all posts
Showing posts with label BJ's Wholesale Club. Show all posts
Friday, July 6, 2018
Sunday, April 1, 2018
BJ's expands Instacart partnership
BJ's Wholesale Club, which has been marketing heavily to Sam's Club customers since the Walmart-owned company closed several stores, has expanded its same-day delivery agreement with Instacart and will soon offer the service from all 215 stores.
Instacart also recently expanded its partnership with Costco, Kroger and Aldi. According to Kroger, two-thirds of its customers now have access to delivery and/or curbside pickup.
Instacart also recently expanded its partnership with Costco, Kroger and Aldi. According to Kroger, two-thirds of its customers now have access to delivery and/or curbside pickup.
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