Press Release

BJ's Wholesale Club Introduces New Rewards Membership

Members Earn 2% Back on Most Purchases

June 17, 2003 9:30 AM EDT
NATICK, Mass. -- BJ's Wholesale Club today announced BJ's Rewards, an exciting, new membership program that offers Members 2% back on qualifying purchases. The BJ's Rewards membership will be available for $75 a year.

"We are very excited to introduce the BJ's Rewards membership program as a way to provide even more value to our most loyal Members," said Mike Wedge, president and CEO of BJ's Wholesale Club. "BJ's Rewards Members will earn money while enjoying terrific values on the highest quality food and brand name merchandise, making this new program a tremendous Member benefit."

Members will receive the 2% back in BJ's Rewards checks once a year; the maximum annual reward is $500.

The reward calculation will start the day a Member joins or upgrades to a Rewards membership. In addition to the 2% back on most purchases, BJ's Rewards Members will be able to take advantage of some additional exclusive benefits from Cole Vision, Brinks Home Security, Custom Direct Check Gallery, and other leading organizations.

BJ's sells name brand food and merchandise at every day low prices. All businesses and consumers are welcome to join BJ's. The standard membership fee is $40 annually and includes a second membership card at no additional cost.

Headquartered in Natick, Massachusetts, BJ's Wholesale Club, Inc. is a leading operator of warehouse clubs in the eastern United States, with 144 clubs in the chain. In 2002, net sales rose to $5.7 billion and comparable club sales increased by 2.0%. BJ's common stock is listed on the New York Exchange under the symbol "BJ". For more information on BJ's, log on to the newly redesigned http://www.bjs.com/.

SOURCE: BJ's Wholesale Club

CONTACT: Annunziata Sodano of BJ's Wholesale Club, +1-508-651-6857