BJ’s Wholesale adds buy-now-pay-later payment option

BJ’s Wholesale Club Holdings Inc. said Thursday it is now offering Citizens Pay, a buy-now-pay-later payment option for purchases of more than $99. The membership-based warehouse retailer said the new payment option is available for purchases made online for delivery and with buy online, pick up in store and for curbside pickup. “BJ’s members will now have access to modern, monthly installment plans that works for them so that they can make large purchases responsibly,” said Andrew Rostami, president of Citizens Pay. The stock, which was still inactive in premarket trading, has advanced 25.3% year to date, while the SPDR S&P Retail ETF has run up 49.0% and the S&P 500 has gained 12.0%.

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