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.
Monday, November 17, 2008
Forecasts are up for BJ's
Once again, investing websites are predicting sunny skies for BJ's Wholesale Club:
Labels:
BJ,
BJ's Wholesale Club,
Costco,
Sales,
Sam's Club,
United States,
Wal-Mart,
Wholesale Club
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Pretty interesting.
ReplyDelete"Costco Crushes Sam's and BJ's."
http://www.walletpop.com/article/_a/bbdp/costco-crushes-sams-and-bjs/264150?icid=200100397x1213918281x1200954949