2 Key Ways BJ's Wholesale Club Is Building a Winning Strategy
BJ's Wholesale Club (NYSE: BJ) dazzled investors on Nov. 18 with a hearty revenue and earnings beat, and its stock climbed nearly 20% following the report. A rival to Costco in the warehouse club space, BJ's has seen a steady rise over the past year, outperforming the S&P 500 index in the process.
However, being able to maintain its growth in the future is what's most important to investors or potential investors. Here are a few strategic initiatives the retailer is pursuing that bode well for its future.
Warehouse clubs boomed in 2020 as COVID-19 gripped the U.S., with shoppers turning to these retailers to stockpile supplies and reduce their exposure to the virus. Fresh and frozen foods, consumable goods, and health products topped the lists of most popular products.
Source Fool.com
