The warehouse club world is about to undergo a shakeup with one of the three main players looking at a change in ownership.
Changes in ownership coming to BJ’s Wholesale
BJ’s Wholesale is at a crossroads. The company, which is now owned by a private equity firm, will either be sold off to another company or become a publicly traded company in its own right, according to the Wall Street Journal.
As the smallest of the Big 3 warehouse clubs, BJ’s has 210 membership-based warehouse clubs spread throughout 15 states in the Eastern United States.
If BJ’s goes the IPO route (initial public offering), that means it will be able to begin selling shares to investors on Wall Street. Such a move would likely come in the latter half of 2017 if it happens, the newspaper reports.
Meanwhile, the private equity firm that currently owns BJ’s is in the process of hiring investment bankers to explore the possibility of a full sale to other owners.
Here are a few ways you can save at BJ’s Wholesale
Look for anything that ends in .90 or .00
Those price points indicate a manager’s special discount, according to fan site MyBJsWholesale.com.
You can use manufacturer’s coupons from the newspaper
Costco and Sam’s Club generally won’t accept coupons you clip from your Sunday circular. But BJ’s does!
Military personnel can get 30% off membership
As a ‘thank you’ to the brave men and women who serve our nation, BJ’s offers them 30% off the price of a membership, plus a $10 coupon.