Home Economy Amazon reportedly considering purchase of BJ’s Wholesale Club

Amazon reportedly considering purchase of BJ’s Wholesale Club

A potential sale could total between $4 billion and $4.5 billion.

The tumult in the retail sector may become more dramatic with a report that a leading e-commerce site is allegedly evaluating the purchase of a Northeastern retail chain.

According to a New York Post article that cited an unidentified source, Amazon was considering the possibility of buying BJ’s Wholesale Club, which operates 213 stores and 130 gas stations in 15 states – including three locations in Fairfield County, two in Westchester County and one in Rockland County. However, it is not certain whether Amazon is still interested in the transaction or if it will bid on a potential sale.

BJ’s is owned by the private equity firms CVC Capital Partners and Leonard Green & Partners, who took the company private for $2.8 billion six years ago. A possible sale could attract between $4 billion and $4.5 billion, according to the unnamed source cited by the newspaper.

One entity that will probably not be interested in buying BJ’s is Walmart, which made an unsuccessful bid in 2011. Instead, the Recode news site is reporting that Walmart is in talks to purchase the e-commerce men’s fashion retailer Bonobos. If this transaction is successful, this would continue Walmart’s recent buying spree of online retailers – since last summer, Walmart already acquired the general merchandise shopping site Jet.com, the women’s online retailer ModCloth, the outdoor gear seller MooseJaw and the online shoe site ShoeBuy.

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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