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BJ's is the #3 US warehouse club — a membership-only chain of 263 clubs concentrated in the eastern United States. Like Costco, it sells groceries and bulk goods at razor-thin markups and earns its profit on the ~$500M of high-renewal annual membership fees. It runs its own gas stations (199 of them), its own refrigerated distribution network, and private-label brands Wellsley Farms and Berkley Jensen.

What BJ's Wholesale Club Holdings, Inc. really sells

BJ's is the #3 US warehouse club — a membership-only chain of 263 clubs concentrated in the eastern United States. Like Costco, it sells groceries and bulk goods at razor-thin markups and earns its profit on the ~$500M of high-renewal annual membership fees. It runs its own gas stations (199 of them), its own refrigerated distribution network, and private-label brands Wellsley Farms and Berkley Jensen.

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