Wednesday, December 24, 2008
Enjoy the Holidays
Until then we hope the recent gains by BJ's [BJ's Wholesale Club - up 11.5%] are being reflected upon you, the workers who deserve the credit.
Happy Holidays!
Friday, December 19, 2008
An interview with the new CEO, A new member to the board of directors....
BJ's Wholesale Club, Inc. has elected Picis president and c.e.o. Christine Cournoyer, to its board of directors. The Wakefield, Mass.-based company is a worldwide provider of software solutions for automating resource-intensive hospital documentation and business practices...
It's been said throughout this blog that the company needs change.
Anonymous 12/17/2008: "...All we can hope for is CHANGE"
Anonymous 12/17/2008: "But when January comes they'll forget all about how many hours we worked and will think nothing of cutting all of our hours. Apparently we all need the money and we still need it in January..."
Anonymous 12/10/2008: "The ONLY thing your GM is interested in is keeping his job with the salary and bonus. He knows in todays market, new jobs are tough to find."
With all these new appointments and hires, where's the change for the real people who run the company? We'll have a monthly wrap up of the comments next week...until then, Happy Holidays!
Thursday, December 11, 2008
A new CEO for BJ's Wholesale Club
Previous reports of Herb Zarkin's retirement were denounced, as he will continue to serve as chairman and will stand for re-election to the board when his term expires in May of 2010.
Read more here at Business Week.
Monday, December 08, 2008
BJ's announces new store opening in Florida...
The hard economic times do not seem to be on retailers like BJ's & Wal-Mart, who are taking advantage of the struggling economy by offering lower prices than competitors, question is though are their employees seeing any of these benefits?
CLERMONT - A BJ's Wholesale Club is scheduled to open next spring, showing that commercial growth in Clermont is not about to stop, even with a slowdown in the construction of new homes.Read the entire article here [Orlando Sentinel]
Has BJ's cited tough economic times to regarding to your wages?
Friday, December 05, 2008
Tough Economy??? Not for BJ's, reports say sales continue to rise..
BJ's Wholesale Club continues to gain.
Here's a link to their press release reporting strong sales.
Wal-Mart sales also were up. Both retailers continue to make money in this economy
Monday, November 17, 2008
Forecasts are up for BJ's
The company’s efforts to improve its merchandise and increase store traffic continue to drive its sales. The difficult macro-economic conditions are also pushing customers into discount stores and wholesale clubs, which offer a better value compared to supermarkets. We maintain our Hold rating, and our target price of $38.
Retailers like BJ's Wholesale Club & Wal-Mart are set to thrive in tough economic times.
Here's another investment blog saying BJ's will benefit in this economy.
Thursday, November 06, 2008
BJ's sales up
BJ's said Thursday that its October sales at stores open at least one year rose 10.2%, with a contribution from gasoline sales of 3.6%. Analysts, on average, had expected same-store sales to rise 6.3%, according to Thomson Reuters. Total sales for the four weeks ended November 1 rose 11.6% to $738.8 million.
Friday, October 31, 2008
Mouse found baked in bread sold at BJ's...
BJ’s Wholesale Club has pulled thousands of bread products from 44 stores in three states after we called the company to inform them of what a customer believes he found when he went to make dinner.
A spokeswoman for BJ’s also sent a statement, it reads, “BJ’s first priority is the health and safety of our members. We deeply regret Mr. Van Dyne’s experience as he described it to us. The Arnold Potato Hot Dog Rolls come to us prepackaged from George Weston Bakeries and are placed directly on our shelves by George Weston employees. We have contacted George Weston Bakeries and they are investigating this matter. George Weston has informed us that the product under investigation was manufactured at their facility in Plant City, Florida. As a precaution, we are removing all potentially effected products made by the George Weston Plant City, Florida facility.”
Read the entire story here
NBC carried the story here
And the Charlotte Observer here.
Friday, October 17, 2008
BJ's Store Closings...
What are your thoughts? We've gotten a few email's asking if we've heard any rumors that would affect the NY/NJ area, we'll keep everyone posted. But what's the feeling around the clubs?From staff reports
South Carolina's only BJ’s Wholesale Club will close today in Greenville.
The Massachusetts-based chain announced last week that it will close the store on Woodruff Road for failing to meet sales expectations, company spokeswoman Maria Fruci told The Greenville News.
BJ's operates 178 wholesale clubs in 16 states. The Greenville store opened in 2000 and employs about 60.
Fruci told the Greenville paper the company has no plans to close any additional clubs.
BJ's members in the Greenville area will receive pro-rated membership fee refunds
Here's an article regarding the development that will overtake once BJ's vacates.
Tuesday, October 14, 2008
BJ's shuts down store in Mass...Jose Reyes shopping at BJ's....
Here's a story on Jose Reyes shopping at BJ's.
Friday, August 15, 2008
Management, More thoughts on BJ's in Brooklyn, Comments
What's all your thoughts on Management promotions?
There's been a lot of comments and talk with employees regarding the wrong people in the wrong positions at the clubs.
One blogger said:
"What are Rich and Michele thinking by making Angela a manager. She will NOT be able to handle it."
Comment from yesterday noted one of a great idea from an employee...
"What corporate should do is contact former employees (hourlies and management) to find out the what REALLY happens at the clubs."What are your independent thoughts?
Thursday, August 14, 2008
New York City Supermarkets evaporating, BJ's isn't the answer...
Read the entire story here."One of our issues with the warehouse club stores is also an issue with the mayor," said Grocery Workers Union organizer Pat Purcell. "The city did a study and determined that we need at least 100 supermarkets in the city, not more BJ's."
It is precisely in Verderosso's neighborhood where the latest episode of this "Big Fish Eats Little Fish" reality series is developing right now.
Two giant BJ's Warehouse Club stores are planned for Brooklyn - one off the Belt Parkway in Bensonhurst, and the other at the site of the old Key Food Warehouse at the Brooklyn Terminal Market in Canarsie.
"I have lived here all my life, and I know that many people are on tight budgets. They - especially the elderly - need a supermarket in their neighborhood," said the Brooklyn-born Verderosso, who has three children.
"These club stores put everybody out of business. When they are no longer profitable, they close, leaving behind an empty building and a neighborhood in decay."
According to the Neighborhood Retail Alliance, BJ's stores gross more than a million dollars a week in sales and attract around 7,000 cars a day. Their impact on the existing supermarkets would be nothing short of devastating.
We'd love to hear what you all think...
Tuesday, August 05, 2008
BJ's biggest problem....Management
"I don't know if the powers that be are just clueless... Do they take this into account when coming up with the clubs' payroll or are they just keeping it at an unreachable goal" (posted 7/13/08)
Monday, August 04, 2008
UFCW to BJ's "expect a fight"
From the Neighborhood Retail Alliance.
As Crain's Insider is reporting there's a move afoot to stop the proliferation of BJs Warehouse Clubs in Brooklyn. As Crain's points out: "United Food and Commercial Workers Local 1500 is gearing up to stop two BJ’s Wholesale Club locations from opening in Brooklyn. One project, in Bensonhurst, requires City Council approval. UFCW is counting on Councilman Domenic RecchiaBJ’s won’t be a tenant. Recchia is a friend of labor but also of developer Joe Sitt. UFCW’s Pat Purcell says BJ’s pays poorly and shuns low-income customers by charging a membership fee and not accepting food stamps. The union is also trying to keep BJ’s out of the Brooklyn Terminal Market in Canarsie. “We will spare no expense,” Purcell vows."
What the UFCW is trying to do is to prevent the further erosion of neighborhood supermarkets. In a two mile radius of the Brooklyn Terminal Market there are 26 local stores that will be put at risk by the box store. At the same time that the mayor, and his able aide Ben Thomasses, are talking about supermarket preservation, there's no effort to curtail the box stores that will put these stores at greater risk. Something needs to be done, and the Alliance will be part of this effort. to ensure that
Friday, July 25, 2008
BJ's Shares Fall 9%
BJ's in the news...
Friday, May 16, 2008
Beef at BJ's Wholesale Club Recalled...
Some of the beef includes ones sold at Bj's Wholesale Club and Wilson Farms.
Fairbank Farms decided to recall the products after some customers complained about the beef containing small pieces of plastic.
The recall includes:
--BJ's Ground Beef Patty - 85% Lean and 15% fat (16 Count) 5.3 pound with a sell by date 5/15/08.
Read the entire story here.
Wednesday, May 14, 2008
Legal Notice to all Current and Former BJ's Managers
OVERNIGHT MANAGERS AND DEPARTMENT MANAGERS
YOU MAY BE ENTITLED TO RECEIVE BACK PAY FOR UNPAID OVERTIME WAGES
The Levin Law Firm, a class action law firm, requests
all current and former BJ's Wholesale Club
Overnight Managers and Department Managers
to contact the Firm immediately
as it seeks to recover unpaid overtime wages for these managers.
If you are currently, or were recently, a BJ's Overnight or Department Manager
please contact the Levin Law Firm at 1-877-677-4529 or info@levinclients.com.
Tuesday, May 06, 2008
Earnings, is that all BJ's cares about?
BJs Wholesale Club (NYSE:BJ) will release the first quarter earnings for 2008 on Wednesday, May 21. A conference call will be held on that day. The time of the call is still to be determined. A live webcast of the presentation will be available at bjsinvestor.com/medialist.cfm.
BJ's Wholesale Club, Inc. (BJ's) is a warehouse club operator in the eastern
Friday, March 14, 2008
That's a lot of Stock....BJ's CFO Sells 55,930 Shares of Stock
NEW YORK (Associated Press) - The chief financial officer of BJ's Wholesale Club Inc. exercised options for 50,00 shares of common stock and then sold 55,930 shares, according to a Securities and Exchange Commission filing Wednesday.
In a Form 4 filed with the SEC, Frank D. Forward reported he exercised options for $15.01 apiece Tuesday and then sold the shares for $34.27 to $35 apiece the same day.
The stock sale was conducted under a prearranged 10b5-1 trading plan which allows a company insider to set up a program in advance for such transactions and proceed with them even if he or she comes into possession of material non-public information.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
BJ's Wholesale Club is a Natick, Mass.-based discount warehouse club.
Monday, March 03, 2008
BJ's Wholesale Club to Announce Fourth Quarter and Fiscal Year-End Results on March 5, 2008
Also on March 5, 2008, BJ's management plans to hold a conference call at 8:30 a.m. Eastern Time to discuss the fourth quarter and fiscal year-end results and the outlook for 2008. The dial-in number for the conference call is 913-312-1474. There will be no dial-in replay.
To access a webcast of the conference call, visit www.bjsinvestor.com/medialist.cfm. An archive of the webcast will remain available for approximately 90 days.
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. The Company currently operates 177 BJ's Wholesale Clubs in 16 states. BJ's press releases and filings with the SEC are available on the Internet at www.bjsinvestor.com.
SOURCE: BJ's Wholesale Club, Inc.
BJ's Wholesale Club, Inc.
Cathy Maloney, 508-651-6650
Vice President, Investor Relations
cmaloney@bjs.com
Copyright Business Wire 2008
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As of Thursday, 02-21-2008 23:59, the latest Comtex SmarTrend® Alert,
an automated pattern recognition system, indicated an UPTREND on
01-23-2008 for BJ @ $29.85.
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Tuesday, January 29, 2008
How was the first month of 2008?
Tuesday, January 22, 2008
BJ's Wholesale names Sen president, COO
Will things get better or worse for employees at BJ's in 2008? Our guess, worse...
NEW YORK, Jan 15 (Reuters) - BJ's Wholesale Club Inc (BJ.N: Quote, Profile, Research) said on Tuesday that it named Laura Sen its president and chief operating officer, and elected her to the company's board of directors.
The No. 3 U.S. warehouse club operator said Sen, who was most recently its executive vice president of merchandising and logistics, will be responsible for all day-to-day operations.
The retailer said Herb Zarkin, its chairman and CEO, will retain "a number of key responsibilities," including leading its strategic planning, management succession and expansion efforts. (Reporting by Nicole Maestri; Editing by Derek Caney)