BJs Wholesale Club, commonly referred to simply as BJs, is an American membership-only warehouse club chain operating on the United States East Coast, as well as in the state of Ohio. The company was started by discount department store chain Zayre in 1984, on the Medford/Malden border in Massachusetts. The companys name was derived from the initials of Beverly Jean Weich, the daughter of Mervyn Weich, the president of the new company. Weich announced his resignation as president in June 1987, and left on August 1. He was replaced by John Levy. When Zayre Corporation sold the Zayre nameplate to rival discount chain Ames in October 1988, TJX Companies was formed. In 1989, TJX spun off their warehouse division, consisting of BJs and now-defunct HomeClub (later known as HomeBase, then House2Home), to form Waban, Inc. In August 1997, Waban spun off BJs to become an independent company, BJs Wholesale Club, Inc., headquartered in Natick, Massachusetts, while Waban renamed itself to HomeBase, Inc.