Thursday, July 30, 2009

Yet another new BJ's Wholesale Club in the works?!?

Massachusetts: A Seyon Street site that was once slated for a Lowe’s home improvement store will now be home to a BJ’s Wholesale Club, according to a spokeswoman for the developer of the property.

Diana Pisciotta, spokeswoman for Boston-based Samuels and Associates, said an 117,000-square-foot BJ’s is planned for the 20 Seyon St. location., which the developer will build “by right.”

Read the article here. Construction is planned to be finished by the fall of 2010.

More at BJ's to move into former Raytheon site.

What a month for BJ's, if I'm counting right, that brings the July count of new BJ's developments up to four, and the sixth announcement of new projects since March...What recession??

Oh and they've also just inked a new 5-year contract with Wirpo Bags.
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Wednesday, July 22, 2009

Another BJ's development in Jersey spurts up, inches away from approval

NEW YORK - JUNE 2:  Construction is under way ...Image by Getty Images via Daylife

BJ's continues to acquire more and more retail space during a recession, and set their sights on potential areas for growth.

This time they're inches away from approval in Howell, New Jersey.

Plans for the nearly 45-acre site include the 117,925-square-foot BJ's Wholesale Club with a gas station and tire sale and service area.
So as they continue to expand during a recession, do the excuses of being hurt in a bad economy warrent the complaints we recieve on not getting enough hours? Let us know...
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Friday, July 17, 2009

BJ's Strategy: Take business from Supermarkets

BJ's aims to take business from supermarkets during recession:

BJ's Wholesale Club Inc. , the No. 3 U.S. warehouse club operator, is focused on taking business from grocery stores as consumers look to save money on food in the recession.

Friday, July 10, 2009

BJ's Sales Down Again...

Non-traditional exterior of a SuperTarget, Jac...Image via Wikipedia

Another month, another dip in sales. For consecutive months BJ's sales are down, via Barron'

BJ's Wholesale Club (BJ) comparable-store sales have lost momentum for the second month in a row and the first time in several quarters as the company reported a below plan and below consensus comp store sales gain of 2.7%. The company believes bad weather may have pressured sales by 1%-2%. Despite a relatively low enterprise value/earnings before interest, taxes, depreciation and amortization multiple of about 5 times, we are maintaining our Hold rating given our concerns around a deceleration in sales and difficult comparisons ahead as other retailers face easier comparisons.

Thanks and keep sending in the emails on how these sales are affecting your working conditions.
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