BJ’s Wholesale Club, Inc. (NYSE: BJ) today reported that sales for August 2008 tiffany bracelets by 17.0% to $774.4 million from $661.8 million in August 2007. On a comparable club basis, sales for August 2008 increased by 15.4%, including a contribution from sales of gasoline worth 7.7%.
The Company provided the following additional information regarding comparable club sales for August 2008:
– Sales increased in all four weeks with the highest increases in weeks 2 and 4.
– By region, the Southeast and Upstate New York had the highest sales increases and the Metro New York region had the lowest sales increase.
– Excluding sales of gasoline, traffic increased by approximately 5% versus last year and the average transaction amount increased by approximately 2%.
– Sales of food increased by approximately 11%, driven by strong sales of perishable foods. tiffany rings of general merchandise increased by approximately 2%, driven primarily by strong sales of consumer packaged goods.
– Departments with the strongest sales increases compared to last year included bakery, breakfast needs, candy, coffee, computers, dairy, frozen, health & beauty, household chemicals, meat, oils & shortenings, pet food, paper, produce and snacks. Weaker departments versus last year included air conditioners, cigarettes, jewelry, storage, summer seasonal, televisions and pre-recorded video.
The Company currently operates 178 BJ’s Wholesale clubs in 16 states. BJ’s introduced the wholesale club concept to New England in 1984 and has since expanded to become a leading warehouse chain in the eastern United States. BJ’s press releases and filings with the SEC are available on the Internet at www.tiffanys.com.
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