Friday, July 25, 2008

BJ's Shares Fall 9%

An analyst downgraded shares of BJ's Wholesale Club on Wednesday after rival Costco Wholesale Corp. offered an earnings outlook below Wall Street expectations, citing rising energy costs and plans to refrain from raising prices.Shares of BJ's fell $3.86, or 9.5 percent, to $36.89, while rival Costco declined $8.57, or 11.9 percent, to $63.43.

BJ's in the news...

NJ-Local officials have given their initial approval for a 280,000-sf shopping center at the intersection of Route 9 and Lanes Mill Road here. Proposed by YCC Development Inc., a locally based group, the project named Tropicana Commercial Center would be anchored by an 118,000-sf BJ's Wholesale Club.
A BJs employee triggered a dry chemical at a BJs Gas pump.