BJ’s October Comps Increase 1.7%

BJ's Wholesale Club, Inc. sales for October 2006 increased 2.5% to $602.6 million from $588.1 million in October 2005. Comparable club sales decreased by 0.7% for the month, including a negative impact from gasoline sales of 2.5%. Excluding the impact of gasoline sales, comparable club sales figures for the four-week period ended October 28, 2006 increased by 1.7%. Last year, the Company reported a comparable club sales increase for October of 2.9%, including a positive impact from sales of gasoline of 3.3%. Excluding the impact of gasoline sales, comparable club sales figures for October 2005 decreased by 0.4%.

For the third quarter ended October 28, 2006, total sales increased by 2.9% and comparable club sales increased by 0.1%, including a negative impact from sales of gasoline of 0.6%. For the first nine months of fiscal 2006, total sales increased by 4.9% and comparable club sales increased by 1.3%, including a contribution from sales of gasoline of 0.9%. Excluding the impact of gasoline sales, comparable club sales for the third quarter and nine month periods ended October 28, 2006 would have increased by 0.7% and 0.4%, respectively.

                      Sales Results for October
                           ($ in thousands)

         Four Weeks Ended                         % Change
   October 28,      October 29,              Net            Comp.
      2006             2005                 Sales           Sales
----------------- ----------------     --------------- ---------------

    $602,558         $588,089               2.5%            -0.7%

     Thirty-nine Weeks Ended                      % Change
   October 28,      October 29,              Net            Comp.
      2006             2005                 Sales           Sales
----------------- ----------------     --------------- ---------------
   $5,951,962       $5,672,563              4.9%            1.3%

The Company provided the following additional information regarding October 2006 sales for BJ's Wholesale Club:

Comparable club sales, including sales of gasoline, increased in Metro New York, decreased in the Southeast, Mid Atlantic and New England regions and were approximately flat with last year in Upstate New York. Excluding sales of gasoline, all major regions except for the Southeast had comparable club sales increases.

On a comparable club basis, sales were flat in week one, decreased in weeks two and three, and increased in week four. Week three had the largest decrease due to pre-Hurricane Wilma stock-up sales last year, and week four benefited from the negative impact of Wilma last year. Excluding sales of gasoline, all weeks had comparable club sales increases, except for week three.

Excluding sales of gasoline, the average transaction amount for the month of October increased by approximately 2% and traffic was approximately flat compared to last year. Last year, the Company reported an increase of 4% in average transaction amount and a 4% decrease in traffic for the month of October.

On a comparable club basis, food sales increased by approximately 3% and general merchandise sales decreased by approximately 1%. Categories with strong comparable club sales increases compared to last year included Holiday, consumer electronics, luggage, paper products, personal health, produce, small appliances, sporting goods and televisions. Weaker categories versus last year included apparel, automotive & tools, residential furniture, tires and toys.