BJ's Wholesale Raises Membership Fees, Boosts Stock Performance

BJ's Wholesale Club is raising its membership fees for the first time in seven years, following a similar move by competitor Costco. Starting January 1, 2025, BJ's basic membership will increase by $5 to $60 annually, while its Club+ membership will rise from $110 to $120, with added benefits like two free same-day deliveries per year. The decision comes amid strong membership growth and increased sales, despite some consumer pushback due to inflation. BJ's aims to invest in labor and member value with the additional revenue.