BJ's Wholesale Club eyes Fort Worth place

Southwest Fort Worth, which already boasts warehouse club giants Costco and Sam's Club within a few giant shopping cart trains of each other, appears to be getting a new entrant in that retail sector.

Marlborough, Massachusetts-based BJ's Wholesale Club has filed permits for building and construction of a location at 5901 Altamesa Blvd. The business opened its first storage facility club design in New England in 1984 and now operates 244 clubs in 21 states.

" Last year, we entered Tennessee and Alabama and we just recently announced a club in Louisville, Kentucky, our 21st state," said Briana Bryant, senior manager for external interactions for the company.

Each BJ's Wholesale Club area utilizes about 150 staff. Like Costco and Sam's Club, BJ's Wholesale Club uses memberships for about $60 and offers a variety of products varying from devices to eyeware and groceries.

BJ's Wholesale Club reported sales of $19.96 billion in 2023, compared to Costco's $248.8 billion and Sam's Club's reported $83.6 billion in sales for the year. BJ's Wholesale Club had 7% of the storage facility club market in the U.S. in 2022, compared to Costco's 62% and Sam's Club's 31%, according to CFRA Research.

Goff purchases Houston home

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John Goff, chairman of Fort Worth-based Crescent Real Estate, coordinated with long time pals and entrepreneurs Doug Schnitzer and Leslie Doggett to buy 6.3 acres of land in Uptown Houston for a mixed-use advancement. The cost was not divulged.

The parcel is the focal point of the land originally put together by Wulfe & & Co. and the late Ed Wulfe for advancement of BLVD Place. For many years, Wulfe & & Co. has established 286,000 square feet of retail and office and the Hanover Company has actually constructed 2 30 story high-rise towers in BLVD Place.

Transwestern Real Estate Services' Eric Anderson and Jeff Peden represented the buyer, and JLL's Davis Adams, Graham Horton and Brandon Clarke represented the seller.

City Place gets $70M facelift

Spire Realty Group has invested $70 million in rearranging City Place in downtown Fort Worth.

Spire got the three-building home at the crossway of Throckmorton and Third streets in 2011. Ever since, the firm has overseen a full remodelling of One City Place, consisting of the addition of an Aloft Hotel; invested millions into enhancements at Two City Place; and turned a vacant mall on the home into City Place Center, which includes structured parking and 31,000 square feet of retail space, including numerous dining establishments.

Built in the 1970s to house the head office of Tandy Corp., the buildings were designed by Growald Associates of Fort Worth.

A sequel to 'Dumb Money'?.

Grapevine's computer game seller GameStop saw shares struck a high rating of $48.75 on May 14 after a tweet on X by Roaring Kitty, a so-called meme trader who made GameStop the beloved of meme stocks in 2021. Meme stocks are business that have gotten popularity since of social media, according to Investopedia. The meme stock pattern even spawned a film, "Dumb Money," starring Pete Davidson and Seth Rogen.

Roaring Kitty had not been active for several years but on May 12, the user published a drawing of a male leaning forward in his chair playing a game. Many translated this as indicating Roaring Kitty was back in the game and GameStop's stock quickly skyrocketed. It's been an up-and-down trip considering that.

The "meme stock" frenzy involved individual investors taking objective at short sellers and hedge funds who were down on GameStop and a number of other companies, consisting of AMC Theatres. By raising the stock cost, "meme stock" investors forced brief sellers to cover their short position in GameStop shares.

Now, the "meme stock" phenomenon has discovered itself in the governmental race. Independent governmental candidate Robert F. Kennedy Jr. revealed he has invested $24,000 in GameStop stock in a program of support for Wall Street reforms, according to CNBC.

Email Bob Francis at bob.francis@fortworthreport.org.Bob Francis is business editor for the Fort Worth Report. At the Fort Worth Report, news choices are made separately of our board members and monetary advocates.

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The Fort Worth Report maintains the copyright for all of its released material. If you have any other questions, contact Managing Editor Thomas Martinez.BJ's Wholesale Club eyes Fort Worth area.
by Bob Francis, Fort Worth Report.
May 26, 2024.

<< h1>> BJ's Wholesale Club eyes Fort Worth location <.
<< p class="" byline" > by Bob Francis, Fort Worth Report << br/>> May 26, 2024<.

<< p>> Southwest Fort Worth, which currently boasts storage facility club giants Costco and Sam's Club within a few huge shopping cart trains of each other, appears to be getting a brand-new entrant because retail section.&& nbsp;. < p > Marlborough, Massachusetts-based BJ's Wholesale Club has actually submitted licenses for building and construction of a location at 5901 Altamesa Blvd. The business opened its very first storage facility club model in New England in 1984 and now operates 244 clubs in 21 states. In April, the publicly traded company opened three new places, two in Florida and one in New York. Company authorities did not expose any information about plans for Texas, but did acknowledge it is expanding.&& nbsp;. < p >" Last year, we entered Tennessee and Alabama and we just recently revealed a club in Louisville, Kentucky, our 21st state," stated Briana Bryant, senior supervisor for external communications for the business.&& nbsp;. < p > Each BJ's Wholesale Club place uses about 150 personnel. Like Costco and Sam's Club, BJ's Wholesale Club offers memberships for about $60 and offers a variety of products ranging from home appliances to eyeware and groceries.&& nbsp;. < p > BJ's Wholesale Club reported sales of $19.96 billion in 2023, compared to Costco's $248.8 billion and Sam's Club's reported $83.6 billion in sales for the year. BJ's Wholesale Club had 7% of the warehouse club market in the U.S. in 2022, compared to Costco's 62% and Sam's Club's 31%, according to CFRA Research.&& nbsp;. < p > < strong > Goff invests in Houston residential or commercial property< < strong>&> & nbsp;<. < p > John Goff, chairman of Fort Worth-based Crescent Real Estate, partnered with long time good friends and business people Doug Schnitzer and Leslie Doggett to buy 6.3 acres of land in Uptown Houston for a mixed-use development. The price was not divulged.&& nbsp;. < p > The parcel is the focal point of the land originally assembled by Wulfe && amp; Co. and the late Ed Wulfe for advancement of BLVD Place. Throughout the years, Wulfe && amp; Co. has actually established 286,000 square feet of retail and office space and the Hanover Company has constructed two 30 story high-rise towers in BLVD Place.&& nbsp;. < p > Transwestern Real Estate Services' Eric Anderson and Jeff Peden represented the buyer, and JLL's Davis Adams, Graham Horton and Brandon Clarke represented the seller.<.
<< p><> < strong>> City Place gets $70M facelift&& nbsp;<. < p > Spire Realty Group has invested $70 million in rearranging City Place in downtown Fort Worth.&& nbsp;. < p > Spire obtained the three-building home at the crossway of Throckmorton and Third streets in 2011. Since then, the company has actually supervised a full restoration of One City Place, including the addition of an Aloft Hotel; invested millions into improvements at Two City Place; and turned an uninhabited mall on the home into City Place Center, which includes structured parking and 31,000 square feet of retail space, consisting of a number of restaurants.<.
<< p>> Built in the 1970s to house the headquarters of Tandy Corp., the buildings were designed by Growald Associates of Fort Worth.<.
<< p><> < strong>> A follow up to 'Dumb Money'? <.
<< p>> Grapevine's computer game merchant GameStop saw shares hit a high score of $48.75 on May 14 after a tweet on X by Roaring Kitty, a so-called meme trader who made GameStop the beloved of meme stocks in 2021. Meme stocks are business that have acquired appeal because of social networks, according to Investopedia. The meme stock trend even generated a film, "Dumb Money," starring Pete Davidson and Seth Rogen.&& nbsp;. < p > Roaring Kitty had not been active for numerous years however on May 12, the user posted a drawing of a male leaning forward in his chair playing a video game. Lots of translated this as suggesting Roaring Kitty was back in the game and GameStop's stock quickly skyrocketed. It's been an up-and-down trip considering that.&& nbsp;. < p > The" meme stock" frenzy included individual investors taking goal at short sellers and hedge funds who were down on GameStop and numerous other business, including AMC Theatres. By raising the stock cost, "meme stock" financiers required short sellers to cover their brief position in GameStop shares.<.
<< p>> Now, the "meme stock" phenomenon has actually discovered itself in the presidential race. Independent governmental prospect Robert F. Kennedy Jr. revealed he has actually invested $24,000 in GameStop stock in a show of support for Wall Street reforms, according to CNBC.&& nbsp;.
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<< td><> < em>> Do you have something for the Bob on Business column? Email Bob Francis at bob.francis@fortworthreport.org.Bob Francis is service editor for the Fort Worth Report. Contact him at bob.francis@fortworthreport.org. At the Fort Worth Report, news choices are made individually of our board members and monetary fans. Find out more about our editorial self-reliance policy< < a href=" https://fortworthreport.org/about/fort-worth-report-editorial-independence-policy/"><> < em> > here< < em>>.<.
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