Wednesday, December 29, 2010

BJ's Wholesale Club Stock Up Sharp Today

NY Post Reports a BJ's Possible Takeover:
BJ's Wholesale Club still isn't safe from the clutches of private equity.
Leonard Green & Partners -- a Los Angeles buyout firm that disclosed a 9.5 percent stake in the warehouse chain in July -- remains keen to acquire the retailer and may launch a hostile bid if an auction isn't initiated in the coming weeks, sources told The Post.

Read more:

BJ's Wholesale Club may face a hostile bid from the takeover firm if the chain does not initiate an auction as planned, according to sources quoted in the New York Post.  Reports are also saying that analysts at Jefferies estimate BJ's could be worth $50 to $55 a share. BJ is up more than 6 percent from yesterday's close.

Thursday, December 23, 2010

Happy Holidays!

It's that time of year and we hope everyone has and is having a great holiday season! Fill us in on how you and your stores are being affected by the craziness of shoppers, rumors of the BJ's sale, and all the other dramatics working for BJ's provides-

See you in the new year!

Here's just a few stories to keep you updated with BJ's news:

$9.2 Million Construction Loan for BJ's in Western Massachusetts
"The new BJ's in Pittsfield will satisfy the demand for a warehouse club for much of the Berkshires, as the closest wholesale warehouse club is located 31 miles to the west in Albany, New York"

The Ithaca Journal: County Endorses Financing for BJ's in Lansing
The county approved a payment-in-lieu-of-taxes financing agreement to develop a site with a BJ's Wholesale Club store, senior housing and bird sanctuary in the Village of Lansing. 

BJ's November Revenue Metric Up 5%
Revenue at its stores open at least a year rose 5 % in November with both food and general merchandise sales climbing. 

PETA Urges BJ's to Adopt Less Cruel Method of Chicken Slaughter
PETA has submitted a shareholder resolution encouraging the Boston-based wholesale retailer to purchase all its turkeys from suppliers that use a less cruel method of poultry slaughter. "Bj's should be ashamed that it is lagging behind its competitors in improving conditions for the chickens and turkeys who end up on its shelves."