Monday, November 17, 2008

Forecasts are up for BJ's

Once again, investing websites are predicting sunny skies for BJ's Wholesale Club:

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.
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Thursday, November 06, 2008

BJ's sales up

Wide angle view of BJ's Wholesale club in VA.Image via Wikipedia
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.

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