Westborough, Massachusetts – BJ’s Wholesale Club will be increasing its membership fees in January, making it the first time in seven years. The standard membership will go up to $60 per year, while the premium Club+ membership will cost $120 annually starting January 1st. These adjustments are being made to enhance the value proposition for their members, enabling the retailer to invest in providing even stronger benefits.
This decision follows a similar move by competitor Costco, who raised their membership fees in September. BJ’s Wholesale has a membership count of 7.5 million as of the end of the third quarter, generating nearly $339.49 million from membership fees in the first three quarters of the year. Membership fee income accounted for 2.1% of the total revenues reported by BJ’s Wholesale for the third quarter.
The Club+ membership offers additional benefits such as cashback rewards and fuel discounts compared to the standard membership. Starting in January, Club+ members will also have access to two free same-day deliveries on eligible orders over $50 per membership period. Despite the increase in fees, BJ’s Wholesale continues to focus on providing value and enhancing the overall membership experience for its customers.
BJ’s Wholesale Club’s net sales totaled $14.3 billion for the third quarter, with membership fees contributing to the company’s overall revenue. By adjusting their membership fees, BJ’s Wholesale aims to strengthen its value proposition and continue delivering quality services to its members. The decision to increase fees reflects the company’s commitment to improving the membership experience and investing in the future of the business.