Exhibit 99.1

For Immediate Release	Contact: Cathy Maloney
	VP Investor Relations
	508-651-6650
	cmaloney@bjs.com

BJ’S WHOLESALE CLUB ANNOUNCES THIRD QUARTER RESULTS

Natick, MA — November 17, 2010 — BJ’s Wholesale Club, Inc. (NYSE: BJ) today reported net income of $23.0 million, or $0.43 per diluted share, for the third quarter of 2010.

For the third quarter of 2009, the Company reported net income of $17.4 million, or $0.32 per diluted share. These results included a charge of $11.7 million pre-tax ($6.9 million post-tax), or $0.13 per diluted share, to establish a reserve in connection with the settlement of a legal claim relating to wage and hour job classification claims.

For the first nine months of 2010, net income was $84.8 million, or $1.58 per diluted share. For the first nine months of 2009, the Company reported net income of $76.7 million, or $1.40 per diluted share. The 2009 results included the third quarter charge, as mentioned above.

Net sales for the third quarter ended October 30, 2010, increased by 4.8% to $2.57 billion from $2.45 billion in the prior year period. For the first nine months of fiscal 2010, net sales increased by 8.6% to $7.84 billion from $7.22 billion in the prior year period.

Comparable club sales for the third quarter and nine-month periods were as follows:

	Thirteen Weeks Ended October 30, 2010			Thirty-Nine Weeks  Ended October 30, 2010
Comparable club sales		2.5	%		4.8	%
Impact of gasoline sales		1.0	%		2.0	%
Merchandise comparable club sales		1.5	%		2.8	%

Revised Earnings Guidance For 2010

The Company today also announced revised earnings guidance for the year ending January 29, 2011. The Company now expects to report net income in the range of $133.6 to $135.6 million and diluted earnings per share in the range of $2.48 to $2.52. Previous guidance, provided on August 18, 2010, was for net income in the range of $128.5 to $134.5 million and diluted earnings per share in the range of $2.40 to $2.50.

Conference Calls on Third Quarter and Fiscal Year-End Financial Results

As previously announced, BJ’s management will hold a conference call to discuss the third quarter financial results and management’s outlook for the rest of the year today at 8:30 a.m. Eastern Time. To access the webcast (including financial and other statistical information being presented, as well as reconciliation information with respect to non-GAAP financial measures), visit www.bjsinvestor.com. An archive of the webcast will be available for approximately 90 days following the call.

On Wednesday, March 2, 2011, BJ’s management plans to report the Company’s results for the fourth quarter and fiscal year ending on January 29, 2011.

Additional Information

Supplemental financial information, including detailed sales information for the third quarter and earnings guidance for the fourth quarter and full year 2010 is available on the Form 8-K, submitted by the Company today to the SEC. To access this information, visit www.bjsinvestor.com.

-More-

BJ’s Wholesale Club

November 17, 2010

Page 2

About BJ’s Wholesale Club

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. As of October 30, 2010, the last day of the Company’s third quarter, BJ’s Wholesale Club operated 190 warehouse clubs in 15 states. BJ’s press releases and filings with the SEC are available on the Internet at www.bjsinvestor.com.

Forward-Looking Statements

Statements contained in this press release, including earnings guidance, that are not purely historical are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements. Factors that may cause or contribute to such differences include, without limitation, levels of gasoline profitability, levels of customer demand, economic and weather conditions, federal, state and local regulation in the Company’s markets, federal budgetary and tax policy, litigation, competitive conditions and other factors discussed in the Company’s Annual Report on SEC Form 10-K for the fiscal year ended January 30, 2010. Any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.

-See Financial Tables-

BJ’s Wholesale Club, Inc. and Consolidated Subsidiaries

STATEMENTS OF INCOME (Unaudited)

(Dollars in Thousands Except Per Share Amounts)

	Thirteen Weeks Ended						Thirty-Nine Weeks Ended
	October 30, 2010			October 31, 2009			October 30, 2010			October 31, 2009
Net sales	$	2,568,991		$	2,450,435		$	7,840,031		$	7,216,043
Membership fees		48,698			45,949			143,786			135,591
Other revenues		13,398			12,674			40,761			37,529
Total revenues		2,631,087			2,509,058			8,024,578			7,389,163
Cost of sales, including buying and occupancy costs		2,354,395			2,245,093			7,171,894			6,598,548
Selling, general and administrative expenses		232,702			231,608			698,945			652,415
Preopening expenses		4,753			2,432			9,677			7,794
Operating income		39,237			29,925			144,062			130,406
Interest expense, net		(353	)		(125	)		(952	)		(376	)
Income from continuing operations before income taxes		38,884			29,800			143,110			130,030
Provision for income taxes		15,826			12,328			57,988			52,993
Income from continuing operations		23,058			17,472			85,122			77,037
Loss from discontinued operations, net of income taxes		(94	)		(104	)		(289	)		(298	)
Net income	$	22,964		$	17,368		$	84,833		$	76,739
Basic earnings per common share:
Income from continuing operations	$	0.44		$	0.33		$	1.62		$	1.44
Loss from discontinued operations		(0.01	)		(0.01	)		(0.01	)		(0.01	)
Net income	$	0.43		$	0.32		$	1.61		$	1.43
Diluted earnings per common share:
Income from continuing operations	$	0.43		$	0.32		$	1.59		$	1.41
Loss from discontinued operations		—			—			(0.01	)		(0.01	)
Net income	$	0.43		$	0.32		$	1.58		$	1.40
Number of common shares for earnings per share computations:
Basic		52,952,724			53,756,055			52,540,697			53,645,880
Diluted		53,806,870			54,794,276			53,619,665			54,633,062
BJ’s clubs in operation - end of period		190			184

BJ’s Wholesale Club, Inc. and Consolidated Subsidiaries

CONDENSED BALANCE SHEETS (Unaudited)

(Dollars in Thousands)

	October 30, 2010		October 31, 2009
ASSETS
Current assets:
Cash and cash equivalents	$	65,809	$	55,066
Accounts receivable		139,337		125,644
Merchandise inventories		1,030,062		971,868
Current deferred income taxes		16,227		12,820
Prepaid expenses		38,224		43,378
Total current assets		1,289,659		1,208,776
Property, net of depreciation		1,023,055		949,889
Deferred income taxes		10,884		10,365
Other assets		25,468		26,574
TOTAL ASSETS	$	2,349,066	$	2,195,604
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Current installments of long-term debt	$	641	$	597
Accounts payable		733,763		713,388
Closed store lease obligations		1,706		1,727
Accrued expenses and other current liabilities		328,534		318,795
Total current liabilities		1,064,644		1,034,507
Long-term debt, less portion due within one year		55		696
Noncurrent closed store lease obligations		7,466		8,575
Other noncurrent liabilities		145,977		124,238
Stockholders’ equity		1,130,924		1,027,588
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	2,349,066	$	2,195,604

BJ’s Wholesale Club, Inc. and Consolidated Subsidiaries

CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

(Dollars in Thousands)

	Thirty-Nine Weeks Ended
	October 30, 2010			October 31, 2009
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	84,833		$	76,739
Provision for closing and impairment costs		2,483			274
Depreciation and amortization		93,005			83,264
Share-based compensation expense		15,048			16,201
Deferred income taxes		1,903			3,417
Decrease in merchandise inventories, net of accounts payable		(29,773	)		12,618
Decrease in closed store lease obligations		(1,193	)		(1,220	)
Other		(22,968	)		2,999
Net cash provided by operating activities		143,338			194,292
CASH FLOWS FROM INVESTING ACTIVITIES
Property additions		(136,607	)		(131,181	)
Property disposals		46			—
Purchase of marketable securities		(898	)		(436	)
Sale of marketable securities		1,159			31
Net cash used in investing activities		(136,300	)		(131,586	)
CASH FLOWS FROM FINANCING ACTIVITIES
Excess tax benefit from exercise of stock options		1,589			1,036
Purchase of treasury stock		(19,158	)		(72,056	)
Proceeds from issuance of common stock		18,040			12,645
Repayment of long-term debt		(452	)		(422	)
Net cash provided by (used in) financing activities		19			(58,797	)
Net increase in cash and cash equivalents	$	7,057		$	3,909