• Jerremy Alexander Newsome

BJ IPO

Helllllooooo my beautiful friends. I am back with another IPO article! Man, we are just cranking them out aren’t we? Not another Chinese IPO this time, but a fun one none the less. Are you ready? I actually had never heard about this company before seeing this on my IPO watch list. But after looking into them, it looks like there are none in Tennessee so I don’t feel as bad. Without further ado let’s unbox this giant! What is this company you may ask? It’s BJ’s wholesale!

BJ’s Wholesale was originally founded in 1984 first known as Zayre which was a discount department store. They headquartered in Westborough, MA and it’s stores are located all along the East Coast. Cool fact time! In 1988 Zayre sold this name to a rival company name Ames and later that year TJX companies were born! TJX as in TJ Maxx, HomeGoods, Winners and more! How cool is that!? Just another reason to like them because I am a TJX brand addict. Ask Jerremy, 75% of all of my shopping is done there! But TJ Maxx wouldn’t hold onto them forever. In August 1997 BJ’s spun off to become their own independent company! Which brings us to current day. Right now BJ’s has over 210 stores and is located in 16 states.