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BJ’s Wholesale Club Inc. (BJ) Announces Increased April Sales

BJ’s is one of the first and most successful wholesale clubs in the eastern United States. Spread over 16 states, BJ’s currently has 177 outlets in operation.

In a recent press statement, BJ’s Wholesale Club Inc. reported that sales for April, 2008 had risen by 20.4 percent over the prior-year period. On a comparable club basis, sales saw a 17.8 percent growth, 5.5 percent of which came from gasoline sales. The Easter holiday created an additional day of sales by which April 2008 was positively impacted by a measure of 4 percent.

First quarter 2008 net sales increased by 12.3 percent to $2.26 billion, compared to those of $2.01 billion in first quarter, 2007. BJ’s is planning to fully discuss first quarter financial results in a public conference call to take place on Wednesday, May 21, 2008 at approximately 7 a.m. Eastern. They will also address the company’s outlook for the remainder of 2008. BJ’s stock is currently trading at its highest level in over five years.

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