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BJ's follows Costco's footsteps with controversial move [Yahoo! Finance]
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Currently, BJ's is starting to see strong membership growth. According to the company's third-quarter earnings report for 2024, it has reached a “milestone” of 7.5 million members. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter Its sales are also on the rise as its comparable club sales (excluding gasoline sales), increased by almost 4% year-over-year. Also, its online comparable sales grew by a whopping 30%, compared to the same time period last year. Related: Sam's Club customers threaten to end membership over new policy BJ's recent rise in popularity contributed to the company bringing in $115 million from membership fees alone during the third quarter, which is about an 8% increase from what it earned during the same quarter in 2023. It also managed to grow its net income by roughly 19% year-over-year. While BJ's brings in healthy profits, it is feeling confident enough to make a bold membership change. The warehouse club just announced that f
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- Get 50% off Sam's Club memberships and shop early Black Friday deals [USA TODAY][USA TODAY]
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