tag:blogger.com,1999:blog-54322986336645217032024-03-06T12:02:11.441-08:00BJ's Wholesale Club Workers BlogA place where BJ's Wholesale workers can keep up to date on what's really happening at BJ's and for them to share their experiences.Unknownnoreply@blogger.comBlogger94125tag:blogger.com,1999:blog-5432298633664521703.post-68781206852189760882012-12-26T11:09:00.000-08:002012-12-26T11:09:26.419-08:00Breaking Ground for a New Club in Brooklyn<div class="separator" style="clear: both; text-align: center;">
<a href="http://www.bensonhurstbean.com/wp-content/uploads/2012/12/bjs-580x385.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="212" src="http://www.bensonhurstbean.com/wp-content/uploads/2012/12/bjs-580x385.jpg" width="320" /></a></div>
Last week BJ's <a href="http://supermarketnews.com/retail-amp-financial/bj-s-breaks-ground-brooklyn">broke ground</a> in Gravesend, Brooklyn- for a new club expected to open in 2013. The ground breaking ceremony brought local politicians in for a photo-op.<br />
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Meanwhile, <a href="http://www.businessweek.com/ap/2012-09-10/moodys-downgrades-bjs-credit-rating">Moody's has downgraded</a> BJ's Wholesale Club.<br />
<br />
How's it been going at the stores this holiday season?<br />
<br />
<a href="http://www.facebook.com/sharer.php" name="fb_share" type="button_count">Share</a><script src="http://static.ak.fbcdn.net/connect.php/js/FB.Share" type="text/javascript"></script>UFCW Local 1500http://www.blogger.com/profile/07005509643789149344noreply@blogger.com141tag:blogger.com,1999:blog-5432298633664521703.post-1964196025850387242012-12-06T11:29:00.000-08:002012-12-06T11:29:05.548-08:00BJ's Pays Over $300,000 For Liquor License in Mass..The <a href="http://www.thesunchronicle.com/news/local_news/bj-s-wholesale-will-pay-south-attleboro-traffic-detail/article_aaf2ed50-3b00-11e2-800a-0019bb2963f4.html">Sun Chronicle</a> has learned BJ's Wholesale Club paid an enormous $343,000 for a liquor license in Massachusetts. <br />
<br />
<blockquote class="tr_bq">
ATTLEBORO — BJ’s Wholesale Club paid a whopping $343,000 for the liquor license that once belonged to the defunct and bankrupt Norm’s Emporium.
But that wasn’t the only cost the popular South Attleboro store assumed to gain the license.
Part of the deal worked out with the city’s liquor licensing board requires the store to hire police to direct traffic at the store’s Highland Avenue entrance on weekends during the holiday season.</blockquote>
<br />UFCW Local 1500http://www.blogger.com/profile/07005509643789149344noreply@blogger.com32tag:blogger.com,1999:blog-5432298633664521703.post-63439216925832281002012-04-23T09:01:00.003-07:002012-04-23T09:03:53.238-07:00An Inside Look at BJ's Wholesale Club?A brand new post looking at what it's like working for BJ's Wholesale Club was posted at <a href="http://glassdoor.comhttp//www.glassdoor.com/Reviews/Employee-Review-BJ-s-Wholesale-Club-RVW1453018.htm">GlassDoor.com</a><br />
<br />
Agree? disagree? We wanna know what you think.... <br />
<br />
<h1 class="h2">
BJ's Wholesale Club –
“<span class="summary">Disapointing due to poor treatment of employees and empty promises.</span>”
</h1>
Here's the post:<br /><span class="helpfulCount hidden" id="helpfulSummary_EMPLOYER_REVIEW_1453018"><span id="helpfulCount_EMPLOYER_REVIEW_1453018"> </span></span>
<br />
<div class="authorInfo">
<span class="item">
<b class="fn">BJ's Wholesale Club</b>
</span>
<b class="reviewer">Receiving Manager</b>
in
<b>Hudson, MA</b>:
<span class="minorText keepTogether">
(Current Employee)
</span> </div>
<div>
</div>
<div class="description" itemprop="reviewBody">
<div class="reviewSection">
<br /></div>
<div class="reviewSection">
<b>Pros</b> </div>
<div class="reviewText" id="Pros-1453018-CommentsFull">
The benefits offered are good, and the oppurtunity to receive free BJ's memberships for you and your family are a plus.</div>
<div class="reviewSection">
<br /></div>
<div class="reviewSection">
<b>Cons</b></div>
<div class="reviewText" id="Cons-1453018-CommentsFull">
Compensation is generally very poor and treatment of employees seems
to be poor as well. Managers are imcompetant and have a strong tendancy
to mis-manage as well as micro-manage.</div>
<div class="reviewSection">
<br /></div>
<div class="reviewSection">
<b>Advice to Senior Management</b></div>
<div class="reviewText" id="Advice-1453018-CommentsFull">
Gain a better understanding of the practices in each department as
well as a respect for the amount of work that each employee puts in.</div>
</div>
<br />
<br />
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<img alt="" class="zemanta-pixie-img" src="http://img.zemanta.com/pixy.gif?x-id=be20f224-aab9-465a-90ac-59ff0547266d" style="border: medium none; float: right;" /></div>Unknownnoreply@blogger.com286tag:blogger.com,1999:blog-5432298633664521703.post-84545204872025693722011-08-24T12:44:00.000-07:002011-08-24T12:47:06.581-07:00BJ's beats expectations...will be sold for 2.8 billion in cash in 4Q<span class="zemanta-img separator" style="clear: right;"><a href="http://commons.wikipedia.org/wiki/File:2005_Penny_Obv_Unc_D.png" style="clear: right; display: block; float: right; margin-left: 1em; margin-right: 1em;"><img alt="Lincoln on U.S. one cent" height="200" src="http://upload.wikimedia.org/wikipedia/commons/thumb/d/dc/2005_Penny_Obv_Unc_D.png/300px-2005_Penny_Obv_Unc_D.png" style="border: medium none; font-size: 0.8em;" width="195" /></a><span class="zemanta-img-attribution" style="clear: both; float: right; margin-left: 1em; margin-right: 1em; width: 300px;">Image via <a href="http://commons.wikipedia.org/wiki/File:2005_Penny_Obv_Unc_D.png">Wikipedia</a></span></span><h1><span style="font-size: large;"><i>Solid 2Q From BJ's Reinforces Favorable Views of Warehouse Clubs Amid Economic Uncertainty</i></span></h1><span id="articleText"><span class="focusParagraph"><br />
</span></span><br />
<span id="articleText"><span class="focusParagraph"><i>BJ's continues to profit, was just sold, we're wondering if people throughout the country who are working for them are sharing in their successes? The industry seems recession proof...Here's the AP story on their "better-than-expected" profits, again....</i></span></span><br />
<span id="articleText"><span class="focusParagraph"><br />
</span></span><br />
<span id="articleText"><span class="focusParagraph"><br />
</span></span><br />
<span id="articleText"><span class="focusParagraph">(Reuters) - BJ's Wholesale Club Inc (<span id="symbol_BJ.N_0"><a href="http://www.reuters.com/finance/stocks/overview?symbol=BJ.N">BJ.N</a></span>) posted a much better-than-expected quarterly profit on Wednesday, helped by improved margins, gasoline sales and cost-cutting.<br />
<br />
</span><span id="midArticle_0"></span>The company, which is being sold to private equity firms Leonard Green & Partners and CVC Capital Partners CVC.UL, earned $45.7 million, or 84 cents per share, in the second quarter, up from $35.8 million, or 67 cents per share, a year earlier. It had forecast a profit of $40.5 million to $42.5 million, or 74 cents to 78 cents per share.<br />
<br />
<span id="midArticle_1"></span>Earnings from continuing operations were 85 cents per share, topping analysts' average forecast of 77 cents, according to Thomson Reuters I/B/E/S.<br />
<br />
<span id="midArticle_2"></span>As previously reported, sales rose 11 percent to $2.98 billion. Sales at stores open at least a year rose 7.8 percent and were up 3.8 percent excluding gasoline sales.<br />
<br />
<span id="midArticle_3"></span>Visits to BJ's stores were essentially flat, while the average amount spent per transaction rose by about 3 percent.<br />
<br />
<span id="midArticle_4"></span>Food sales rose about 5 percent. BJ's has been adding more fresh foods and prepared meals to entice shoppers to do more of their weekly grocery shopping at the club, which charges an annual membership fee.<br />
<br />
<span id="midArticle_5"></span>BJ's agreed in June to be sold for $2.8 billion in cash. The <a href="http://www.reuters.com/finance/deals" title="Full coverage of deal">deal</a> is expected to close in the fourth quarter.</span> <br />
<br />
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<div class="zemanta-pixie" style="height: 15px; margin-top: 10px;"><img alt="" class="zemanta-pixie-img" src="http://img.zemanta.com/pixy.gif?x-id=88e26c7d-6507-474b-a54c-6674ea29bb1b" style="border: medium none; float: right;" /></div>Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-5432298633664521703.post-68289309262986719432011-07-05T08:33:00.000-07:002011-07-05T08:35:18.800-07:00BJ's Wholesale Club Sold for $2.8 billion<span class="zemanta-img separator" style="clear: right;"><a href="http://en.wikipedia.org/wiki/File:CVC_logo.PNG" style="clear: right; display: block; float: right; margin-left: 1em; margin-right: 1em;"><img alt="CVC Capital Partners logo" height="120" src="http://upload.wikimedia.org/wikipedia/en/c/cd/CVC_logo.PNG" style="border: medium none; font-size: 0.8em;" width="200" /></a><span class="zemanta-img-attribution" style="clear: both; float: right; margin-left: 1em; margin-right: 1em; width: 200px;">Image via <a href="http://en.wikipedia.org/wiki/File:CVC_logo.PNG">Wikipedia</a></span></span><br />
Stories broke on BJ's Wholesale Club's <a href="http://www.thedailywestborough.com/Articles-c-2011-07-02-78869.113122-BJs-Wholesale-Club-to-be-acquired-by-affiliates-of-Leonard-Green-and-Partners.html">sale last week</a>, and now there is an investor suing the company because the sale price of $2.8 billion is "grossly inadequate" Read it at <a href="http://www.bloomberg.com/news/2011-06-30/bj-s-wholesale-sued-by-investor-over-proposed-2-8-billion-takeover-price.html">Bloomberg</a>.<br />
<div id="contentdetail_primary"><br />
<blockquote><i><span style="font-family: Arial; font-size: 12pt;">BJ's Wholesale Club will be acquired by Leonard Green & Partners and CVC Capital Partners in an all-cash transaction valued at $2.8 billion. BJ's, which operates 190 warehouse clubs in 15 states, reported $10.6 billion in sales last year.</span></i><br />
<br />
<i><span style="font-family: Arial; font-size: 12pt;">Under the terms of the agreement, BJ's shareholders will receive $51.25 per share, a 38 percent premium to the closing price June 2010, and a 7 percent premium to the closing price on June 28.</span></i><br />
<br />
<i><span style="font-family: Arial; font-size: 12pt;">BJ's board of directors unanimously approved the merger agreement. The transaction is expected to close during the fourth quarter.</span></i><br />
<br />
<i><span style="font-family: Arial; font-size: 12pt;">"BJ's will benefit from the continued execution of our business plan and the significant retail expertise of our new partners at LGP and CVC, as well as from continued investments in our clubs, our people and technology, and the future of our business," says Laura Sen, president and chief executive officer. "Our members will continue to enjoy the top-quality merchandise, outstanding savings and great service that they've come to expect from BJ's on every visit."</span></i></blockquote></div><br />
<br />
<br />
<div id="contentdetail_primary"><i><span style="font-family: Arial; font-size: 12pt;">Links:<a href="http://www.licensemag.com/licensemag/News/BJs-Wholesale-Club-to-be-Acquired/ArticleStandard/Article/detail/729435?contextCategoryId=33594"> http://www.licensemag.com/licensemag/News/BJs-Wholesale-Club-to-be-Acquired/ArticleStandard/Article/detail/729435?contextCategoryId=33594 </a></span></i><br />
<i><span style="font-family: Arial; font-size: 12pt;"><br />
</span></i><br />
<i><span style="font-family: Arial; font-size: 12pt;">WSJ: <a href="http://online.wsj.com/article/BT-CO-20110629-711984.html">http://online.wsj.com/article/BT-CO-20110629-711984.html</a></span></i></div><br />
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<div class="zemanta-related"><h6 class="zemanta-related-title" style="font-size: 1em; margin: 1em 0pt 0pt;">Related articles</h6><ul class="zemanta-article-ul"><li class="zemanta-article-ul-li"><a href="http://blogs.wsj.com/deals/2011/06/29/bjs-wholesale-longest-sale-process-ever/">BJ's Wholesale: Longest Sale Process Ever?</a> (blogs.wsj.com)</li>
<li class="zemanta-article-ul-li"><a href="http://bostonist.com/2011/06/29/two_firms_pay_28b_for_bjs.php">Two Firms Pay $2.8B For BJ's</a> (bostonist.com)</li>
<li class="zemanta-article-ul-li"><a href="http://www.theglobeandmail.com/globe-investor/private-equity-firms-to-buy-bjs-wholesale-for-28-billion/article2079833/">Private equity firms to buy BJ's Wholesale for $2.8-billion</a> (theglobeandmail.com)</li>
</ul></div><div class="zemanta-pixie" style="height: 15px; margin-top: 10px;"><img alt="" class="zemanta-pixie-img" src="http://img.zemanta.com/pixy.gif?x-id=91a8e5c1-e66d-4913-ae90-1de36d3f337a" style="border: medium none; float: right;" /></div>Unknownnoreply@blogger.com45tag:blogger.com,1999:blog-5432298633664521703.post-92014397026385673312011-06-23T08:59:00.000-07:002011-06-23T08:59:30.343-07:00More Buyout Rumors for BJ's Wholesale ClubWhat's going to happen to this company when it eventually gets bought out??? <br />
<br />
Shares of BJ's Wholesale Club Inc. rose Wednesday after a report that <a href="http://www.businessweek.com/ap/financialnews/D9NNQU0O1.htm">two private-equity investors are preparing a joint bid</a> to buy the company. <br />
<br />
Representatives for BJ's and Leonard Green did not return calls seeking comment. A spokeswoman for CVC declined to comment on the report.<br />
<br />
Shares of BJ's rose $1, or 2 percent, to $48.70 in afternoon trading.<br />
<br />
The New York Post also wrote about this rumor: <a href="http://www.nypost.com/p/news/business/bj_is_seeking_more_3kjfOFYrLKwKZTodp7I8TK">http://www.nypost.com/p/news/business/bj_is_seeking_more_3kjfOFYrLKwKZTodp7I8TK </a><br />
<br />
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<div class="zemanta-pixie" style="height: 15px; margin-top: 10px;"><img alt="" class="zemanta-pixie-img" src="http://img.zemanta.com/pixy.gif?x-id=7276b2e3-f19d-4b9a-aa66-f80809f36f5e" style="border: medium none; float: right;" /></div>Unknownnoreply@blogger.com23tag:blogger.com,1999:blog-5432298633664521703.post-26742792017605415992011-04-07T09:33:00.000-07:002011-04-07T09:33:21.398-07:00Laura Sen took a 17% Pay Cut, still raked in $4M<span class="articleBegin">B</span>J’s Wholesale Club Inc. CEO Laura Sen’s pay package totaled $4 million in 2010, down more than 17 percent from the previous year.<br />
<br />
The Westboro-based retailer disclosed in a regulatory filing today that total compensation for Sen included $982,693 in salary along with $697,811 in performance-based pay and stock awards valued at $2.2 million.<br />
<br />
Read more: http://news.bostonherald.com/business/general/view/2011_0406bjs_ceo_sen_made_4m_in_2010_down_17_percent/srvc=home&position=recent <br />
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</span></div><div style="font-family: Arial,Helvetica,sans-serif;"><span class="Apple-style-span">So here's a way nobody wanted to start off their 2011. Great, happy new years from BJ's everyone had a great holiday season and is enjoying the new year. Over the past few days we've been reading up on some interesting news involving BJ's start to 2011, and wanted to fill you in on the details. <b>Five stores</b> will be closing in the Southeast, which will shave <i>380</i> jobs, and another <i>114</i> corporate level employees will be cut. </span><script src="http://static.ak.fbcdn.net/connect.php/js/FB.Share" type="text/javascript">
</script></div><blockquote style="font-family: Arial,Helvetica,sans-serif;"><i>"The Natick-based chain will close five underperforming stores, in Georgia, Florida, and North Carolina, which will result in the loss of 380 positions by the end of this month."</i></blockquote><div style="font-family: Arial,Helvetica,sans-serif;">The stores are listed below, all with the closing date of January 17th.</div><div style="font-family: Arial,Helvetica,sans-serif;"><br />
</div><ol style="font-family: Arial,Helvetica,sans-serif;"><li>Sunrise, Florida: 3469 North University Drive. - 99 Employees<br />
</li>
<li><a href="http://www.wsoctv.com/news/26388032/detail.html">Charlotte, North Carolina</a>: No clear number of employees to be laid off has been announced, over 65<br />
</li>
<li><a href="http://www.cbsatlanta.com/news/26375701/detail.html">McDonough</a> BJ’s Wholesale Club 1990 Jonesboro Rd. McDonough, GA 30253<br />
<a href="http://www.blogger.com/goog_828618134"><br />
</a></li>
<li><a href="http://www.cbsatlanta.com/news/26375701/detail.html">Powder Springs </a>BJ’s Wholesale Club 2435 East West Connector Austell, GA 30106<br />
</li>
<li><a href="http://www.cbsatlanta.com/news/26375701/detail.html">Norcross</a> BJ’s Wholesale Club 6344 Cash Ct. Norcross, GA 30071<br />
</li>
</ol><div style="font-family: Arial,Helvetica,sans-serif;">The way they're wording the closings? <b>"BJ's announces Strategic Actions to Optimize Performance'</b>" [<a href="http://www.bjsinvestor.com/phoenix.zhtml?c=96847&p=irol-newsArticle&ID=1512961&highlight=">Press Release</a>]</div><div style="font-family: Arial,Helvetica,sans-serif;"><br />
</div><div style="font-family: Arial,Helvetica,sans-serif;">Laura Sen has said that these clubs have underperformed. Though we just came across their December sale numbers which read that sales are up big and comparable sales are up 3.8% </div><blockquote style="font-family: Arial,Helvetica,sans-serif;"><div style="margin-top: 0px;"><i>BJ's Wholesale Club, Inc. (BJ: <a href="http://www.rttnews.com/SymbolSearch.aspx?Symbol=BJ" style="text-decoration: none;"> News </a>), an operator of warehouse clubs, reported that sales for December 2010 grew 7.3% to $1.25 billion from $1.16 billion in December 2009. <br />
</i></div><i>The Natick, Massachusetts-based company's comparable club sales for December 2010 increased by 3.8%, including a contribution from sales of gasoline of 2.4%, compared to comparable club sales increase of 4.8% in December 2009. </i></blockquote><div style="font-family: Arial,Helvetica,sans-serif;"></div><div style="font-family: Arial,Helvetica,sans-serif;">Sales are great, the company is doing fine, this raises an eyebrow. Just as we previously noted, this is all a restructuring of "dead weight" (not our words) in order to sell the company.</div><blockquote style="font-family: Arial,Helvetica,sans-serif;"><i><span class="Apple-style-span">"Management is trying to portray itself as having the ability to make the difficult decisions required to drive stronger earning growth perhaps to stay aboard under a new regime, while also displaying hidden value to would-be bidders,"- Brian Sozzi, Wall Street Strategies analyst. </span></i></blockquote><div style="font-family: Arial,Helvetica,sans-serif;"><span class="Apple-style-span"><b>Read more at</b>: <a href="http://www.boston.com/yourtown/natick/articles/2011/01/06/bjs_will_shed_500_jobs_close_five_stores_reorganize_managers_ranks/">Boston.com</a><b> Also:</b> <a href="http://www.bostonherald.com/business/general/view/20110106bjs_to_cut_500_jobs_retailer_will_shutter_5_stores_as_buyout_firm_puts_on_pressure/srvc=home&position=also">Boston Herald</a></span></div><div style="font-family: Arial,Helvetica,sans-serif;"><br />
</div><div style="font-family: Arial,Helvetica,sans-serif;"><span class="Apple-style-span">Right now, it's all about selling this company, at least that's the way it looks to us. This flat out sucks, these <b>'strategic actions'</b> are just the worst way to start the new year.</span></div><div style="font-family: Arial,Helvetica,sans-serif;"><br />
</div><div class="zemanta-related"><h6 class="zemanta-related-title" style="font-size: 1em; margin: 1em 0pt 0pt;">Related articles</h6><ul class="zemanta-article-ul"><li class="zemanta-article-ul-li"><a href="http://justjobs.com/employmentnews/bjs-wholesale-club-slashes-nearly-500-jobs/">BJ's Wholesale Club slashes nearly 500 jobs</a> (justjobs.com)</li>
<li class="zemanta-article-ul-li"><a href="http://www.ajc.com/business/bjs-wholesale-club-closing-795681.html?cxtype=rss_news_61499">BJ's Wholesale Club closing 3 stores in metro Atlanta</a> (ajc.com)</li>
</ul></div><div class="zemanta-pixie" style="font-family: Arial,Helvetica,sans-serif; height: 15px; margin-top: 10px;"><img alt="" class="zemanta-pixie-img" src="http://img.zemanta.com/pixy.gif?x-id=f94e19a7-b592-4614-8f56-db743bd11b2c" style="border: medium none; float: right;" /><span class="zem-script more-related pretty-attribution"><script defer="defer" src="http://static.zemanta.com/readside/loader.js" type="text/javascript">
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<blockquote><div><div style="background-color: transparent; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;">BJ's Wholesale Club still isn't safe from the clutches of private equity. <br />
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. <br />
<br />
<br />
Read more: <a href="http://www.nypost.com/p/news/business/buying_in_bulk_aP1mhywCsTzLrwANWYdZfI#ixzz19YI3r0DD" style="color: #003399;">http://www.nypost.com/p/news/business/buying_in_bulk_aP1mhywCsTzLrwANWYdZfI#ixzz19YI3r0DD</a></div></div></blockquote><br />
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 <a href="http://www.nypost.com/p/news/business/buying_in_bulk_aP1mhywCsTzLrwANWYdZfI">New York Post</a>. 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.<br />
<div class="zemanta-pixie" style="height: 15px; margin-top: 10px;"><img alt="" class="zemanta-pixie-img" src="http://img.zemanta.com/pixy.gif?x-id=265a0174-3881-49f3-ac62-43ecb2fd550a" style="border: medium none; float: right;" /><span class="zem-script more-related pretty-attribution"><script defer="defer" src="http://static.zemanta.com/readside/loader.js" type="text/javascript">
</script></span></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-5432298633664521703.post-57936099380784893952010-12-23T07:14:00.000-08:002010-12-23T07:14:19.592-08:00Happy Holidays!<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;">It's that time of year and we hope everyone has and is having a great <b>holiday season</b>! Fill us in on how you and your stores are being affected by the <i>craziness</i> of shoppers, rumors of the BJ's sale, and all the other dramatics working for BJ's provides-</span><br />
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<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;">See you in the <b>new year</b>!</span><script src="http://static.ak.fbcdn.net/connect.php/js/FB.Share" type="text/javascript">
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<i><span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;">Here's just a few stories to keep you updated with BJ's news:</span></i><br />
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<blockquote><span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;"><b>$9.2 Million Construction <a href="http://www.bostonsf.com/ME2/dirmod.asp?sid=&nm=&type=Publishing&mod=Publications::Article&mid=8F3A7027421841978F18BE895F87F791&tier=4&id=6057C54EB61546AD9B73E9857862DE47">Loan</a> for BJ's in Western Massachusetts</b></span><br />
<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;">"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"</span><br />
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<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;"><b><a href="http://www.theithacajournal.com/article/20101207/NEWS01/12070381/County+endorses+financing+for+BJ+s+in+Lansing">The Ithaca Journal:</a> County Endorses Financing for BJ's in Lansing</b></span><br />
<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;">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. </span><br />
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<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;"><b>BJ's November Revenue Metric<a href="http://www.businessweek.com/ap/financialnews/D9JRPUI80.htm"> Up 5%</a></b> </span><br />
<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;">Revenue at its stores open at least a year rose 5 % in November with both food and general merchandise sales climbing. </span><br />
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<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;"><b>PETA Urges BJ's to Adopt <a href="http://www.peta.org/mediacenter/news-releases/PETA-Urges-BJ-s-Wholesale-Club-to-Adopt-Less-Cruel-Method-of-Chicken-Slaughter.aspx">Less Cruel</a> Method of Chicken Slaughter</b></span><br />
<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;">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. <i>"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."</i></span></blockquote><span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;"><br />
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<div class="zemanta-pixie" style="height: 15px; margin-top: 10px;"><img alt="" class="zemanta-pixie-img" src="http://img.zemanta.com/pixy.gif?x-id=58c0b025-ee6d-4559-9b4b-7da87668176f" style="border: medium none; float: right;" /><span class="zem-script more-related pretty-attribution"><script defer="defer" src="http://static.zemanta.com/readside/loader.js" type="text/javascript">
</script></span></div>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-5432298633664521703.post-54950689321461692422010-11-16T13:25:00.000-08:002010-11-16T13:25:27.268-08:00Is BJ's Wholesale Club For Sale?<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Don't know if you all have been catching the rumors like we have in some clubs, but according to multiple reports, BJ's is apparently up for auction. </span><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">BJ's Wholesale Club is rumored to have hired Morgan Stanely to </span><b><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">help sell the company</span></b><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> after receiving an offer from private-equity firm Leonard Green & Partners LP. Any deal would likely be with private-equity funds and not another retailer. BJ's cash doubled in the second quarter, making it attractive for a takeover. A buyout may be valued at as much as $2.75 billion, and the transaction would be the biggest in the sector since 2007. Leonard Green & Partners has holdings in such retailers as Whole Foods Market Inc., and Petco Animal Supplies Inc. </span><i><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">" Month to month, BJ's has been under-performing, it seems like a good candidate for a going-private transaction."</span></i><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Have any of you heard rumors in your stores? Has the environment changed at all?</span><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><i></i>Read the entire story @ </span><a href="http://www.businessweek.com/news/2010-11-10/bj-s-is-said-to-seek-takeover-hire-morgan-stanley.html"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Business Week</span></a>Unknownnoreply@blogger.com23tag:blogger.com,1999:blog-5432298633664521703.post-5598035091417277532010-09-13T09:22:00.000-07:002010-09-13T09:22:32.181-07:00BJ's In the News: Ground Beef Recall<div class="separator" style="clear: both; text-align: center;"></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Hope everyone had a great summer, here is some BJ's news for the months of July and August:</span><br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUmjKWY5ppMeQqxwF1YCHFDJaTmpMydFSSbJdUq4aaN24fS6rr4MB4VBcSb3FBZvMoY4l3ChYX40x7aOZdcwS96keqPCLrpPRlJiVsYdv4_K5oAO3YqHxk5aBePjs9q6vspNhGHX4moUg/s1600/story.ground.beef.gi.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjUmjKWY5ppMeQqxwF1YCHFDJaTmpMydFSSbJdUq4aaN24fS6rr4MB4VBcSb3FBZvMoY4l3ChYX40x7aOZdcwS96keqPCLrpPRlJiVsYdv4_K5oAO3YqHxk5aBePjs9q6vspNhGHX4moUg/s320/story.ground.beef.gi.jpg" /></a></div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><a href="http://www.cnn.com/2010/HEALTH/08/28/beef.recall/index.html?iref=allsearch"><b>CNN:</b></a><b> Company Recalls Ground Beef After E. Coli Reports</b></span><script src="http://static.ak.fbcdn.net/connect.php/js/FB.Share" type="text/javascript">
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">The USDA says it believes certain BJ's Wholesale Club stores in Connecticut, Maine, Maryland, Massachusetts, New Jersey, New York and Virginia received the products. </span><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Watch a video on the recall at: <a href="http://www.icyou.com/topics/health-wellness/ground-beef-recall+">Ground Beef Recall</a></span><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b>Development</b>: </span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Taunton City Council Gives <a href="http://www.tauntongazette.com/news/business_news/x162775263/Taunton-City-Council-gives-BJ-s-addition-the-go-ahead">BJ's Addition</a> the Go-Ahead</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Taunton, MA-- The council voted unanimously to allow the completion of a new building adjacent to the existing BJ's Wholesale Club. </span><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><a href="http://www.delawareonline.com/article/20100814/BUSINESS/8140302/1003">Delaware Business</a></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">: BJ's Elsmere- Area Store On the Way</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">The Wholesale club opening is planned for December 2010.</span><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">BJ's </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><a href="http://www.telegram.com/article/20100901/NEWS/9010353/-1/NEWS06">May Close Store</a></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> in Westboro</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Westboro, MA-- After more than 20-year presence, BJ's may close next year, when the company opens a bigger store less than 2 miles away in Northboro.</span><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">BJ's </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><a href="http://www.fallsnewspress.com/news/article/4872802">Back in Business</a></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> After Roof Collapse</span><br />
<div style="font-family: 'Times New Roman';"><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Akron, OH-- A BJ's store reopened August 7th after being closed on July 23rd, when a storm damaged its roof. </span></div></div></div><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b>Economy:</b></span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><a href="http://supermarketnews.com/retail_financial/bj_profit_0818/?cid=upd">Price Competition Sinks BJ's Profits</a></span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Citing" an intense level of price competition" from discounters and supermarkets, BJ's invested more heavily than expected in its own prices during the second quarter, causing margins and earnings to fall below expectations. </span><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">BJ's Stems <a href="http://subscribers.supermarketnews.com/retail_financial/bjs-stems-profit-erosion-0824/index.html">Profit Erosion</a> Amid Slowing Sales in Q2</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><i>"Going into this year I thought the competitive environment would be a lot more severe as people were trying to gain sales based on the weak environment. But that has not been the case."</i>- Laura Sen, chief executive officer</span><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><a href="http://www.benzinga.com/trading-ideas/technicals/10/09/457003/downside-purchased-on-bj%E2%80%99s-wholesale-bj">Downside Purchased</a></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> on BJ's Wholesale (BJ)</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Shares of BJ's Wholesale Club, Inc. are lower on the session by 1.09%. The stock has been basing sideways for the past two months after a sharp pop higher. </span><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">BJ's Wholesale Club </span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><a href="http://www.tradingmarkets.com/news/stock-alert/bj_bj-s-wholesale-club-july-sales-increase-1106615.html">July Sales Increase</a></span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><a href="http://www.tradingmarkets.com/news/stock-alert/bj_bj-s-wholesale-club-july-sales-increase-1106615.html"></a></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">BJ's Wholesale Club sales for July 2010 increased 2.8% compared to decreased sales of 9.1% in July 2009.</span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> </span><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><div style="font-family: 'Times New Roman';"><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b>Here are the results of the poll taken from our last post:</b></span></div></div><div style="font-family: 'Times New Roman';"><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><b><span class="Apple-style-span" style="font-size: x-large;"><span class="Apple-style-span" style="font-family: Times, 'Times New Roman', serif;">Question: What do you think of BJ's Star of the Year Program?</span></span></b><br />
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</b></span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b>66%</b> - Its strongly favoritism, I didn't like it</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b>22%</b>- Its legitimate, I love it</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b>13%</b>- It doesn't bother me, I have no opinion</span><br />
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</span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">It seems that the majority of you don't agree with the Star of the Year Program. Let us know how you were affected by the Ground Beef Recall by taking our new poll, just to the left of this months post.<b> </b></span><br />
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<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b>All of the comments from our previous posts are greatly appreciated. We are still receiving feedback on the Wage and Hour Suit story we posted a few months ago: </b></span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><b><br />
</b></span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Anonymous said that as long as t</span><span class="Apple-style-span" style="font-size: 16px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">he clubs </span><a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1283878674874#c2903671520025047467"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">" hit their numbers "</span></a><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">, corporate will not care about day to day issues at the club level...</span></span><br />
<span class="Apple-style-span" style="font-size: 16px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span></span><br />
<span class="Apple-style-span" style="font-size: 16px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">One anonymous person </span><a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1284229478137#c8045037171640281940"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">received a settlement check</span></a><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">: </span></span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">FYI, I got my settlement check today. South Florida</span></span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-size: 15px; line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">.</span></span><br />
<span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-size: 15px; line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span></span><br />
<span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">An anonymous post on </span><a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1283212484913#c3267808681703964624"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">the home office</span></a><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">: "</span></span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">They don't care about the employees, they just want to run a store with the bare minimum. The more they save the larger the bonus, so sure exploit the few good workers that you do have. If the store was properly staffed, and they stop giving the overtime to a select few then maybe they can manage the building."</span></span><br />
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</span> <br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">Anonymous thinks "In order for BJ's to be a better company, they need to </span><a href="http://bjsworkers.blogspot.com/2006/11/bjs-wholesale-club-pays-233-employees.html?showComment=1283041968683#c6318467357577725160"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">start with the home office</span></a><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">."</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; color: #333333; font-size: 15px; line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"> </span></span><br />
<span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span></div></div></span>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-5432298633664521703.post-66532053737989291252010-07-23T07:24:00.000-07:002010-07-23T07:24:00.093-07:00BJ's News: Month of June<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;"><a href="http://www.orlandosentinel.com/news/local/lake/orl-lbjs0708dec07,0,7519417.story">BJ's Wholesale Club Coming to Clermont in the Spring</a></span><br />
<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;">Clermont, FL-- A BJ's Wholesale Club is scheduled to open next spring, showing that commercial growth in Clermont is not about to stop, even with a slow down in the construction of new homes. </span><br />
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<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;"><a href="http://oman.world-countries.net/archives/1852">Private Equity Takes Stake in BJ's</a></span><br />
<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;">A private equity firm that has invested in several retailers has taken a 9.5 percent stake in BJ's Wholesale Club Inc and said it might propose taking the warehouse club operator private.</span><br />
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<span style="font-family: Arial,Helvetica,sans-serif;"><a href="http://www.bjs.com/about/news/content/item1,160.shtml">BJ's Wholesale Club Collects More Than 100,000 Letters</a> for Deployed U.S. Service Members</span><br />
<span style="font-family: Arial,Helvetica,sans-serif;">BJ's partnered with nonprofit Operation Gratitude for month-long letter writing campaign.</span><br />
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<span style="font-family: Arial,Helvetica,sans-serif;"><a href="http://giants.football-news-update.com/analysts-mixed-on-taking-bjs-wholesale-private/">Analysts Mixed on Taking BJ's Wholesale Private</a></span><br />
<span class="Apple-style-span" style="font-family: Arial,Helvetica,sans-serif;">Going private has the potential to prompt unprecedented growth for BJ's Wholesale Club, analysts said; however, taking that leap could also mean saddling the wholesale retailer with sizable debt as it tries to gain traction against its larger rivals. </span><br />
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<span style="font-family: Arial,Helvetica,sans-serif;"><a href="http://www.berkshireeagle.com/ci_15305750?source=most_emailed">Board Approves BJ's Wholesale Club Plans</a></span><br />
<span style="font-family: Arial,Helvetica,sans-serif;">PITTSFIELD-- Developers of the proposed BJ's Wholesale Club on Hubbard Avenue have cleared a major regulatory hurdle toward opening next spring. </span><br />
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<span style="font-family: Arial,Helvetica,sans-serif;">Looking Back at <a href="http://www.learningmarkets.com/News-Feed/2010062325486/looking-back-at-recent-earnings-from-bjs-wholesale-club-bj-wmt-big-ndn.html">Recent Earnings</a> from BJ's Wholesale Club</span><br />
<span style="font-family: Arial,Helvetica,sans-serif;">BJ's released its most recent earnings statement on May 19th. BJ's beat expectations with a non profit of 49 cents per share-- 6 cents above the analyst consensus of 43 cents per share.</span><br />
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<span style="font-family: Arial;">BJ's Wholesale Club <a href="http://www.bullfax.com/?q=node-bjs-wholesale-club-1q-net-income-gas-sales-ap">1Q net income up on gas sales</a></span><br />
<span style="font-family: Arial;">1Q rose 7 percent, partly helped by gasoline sales. The wholesale club operator also lifted its full-year earnings guidance. </span><br />
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<span style="font-family: Arial;"><a href="http://www.hometextilestoday.com/article/529697-BJ_s_leaning_on_perishable_foods_to_drive_traffic_sales_in_2010.php">BJ's Leaning on Perishable Foods to Drive Traffic, Sales in 2010</a></span><br />
<span style="font-family: Arial;">BJ's is increasingly counting on its consumable offerings, specifically perishable goods, in 2010 and beyond to drive frequent customer traffic and transactions and grow its overall business.</span><br />
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<span style="font-family: Arial;"><a href="http://www.thesolarinfo.com/2010/05/23/spire-to-bjs-wholesale-club-supply-solar-energy-system/">Spire to BJ's Wholesale Club Supply Solar Energy System</a></span><br />
<span style="font-family: Arial;">BJ's announced that the Spire solar energy system enterprise completes BJ's Wholesale Club to sell the field in Winsconsin two solar energy system to install, starts to sell the field in Niuzexi state two install the solar energy system. </span><br />
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<span style="font-family: Arial;">BJ's to <a href="http://www.hometextilestoday.com/article/504170-BJ_s_to_re_launch_e_commerce_site_this_summer.php">Re-Launch E-Commerce Site This Summer</a></span><br />
<span style="font-family: Arial;">BJ's Wholesale Club's e-commerce site is still admittedly not a major contributor to its total business, but this summer, memebers and non- members can expect to see a revamped website.</span><br />
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</script> </span>Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-5432298633664521703.post-19692945924282217422010-05-06T13:08:00.001-07:002010-05-06T13:08:38.417-07:00BJ's In the News April 2010<div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;">Haven't posted in a while, we'll post the month in comments later this week, but here's some recent BJ's news:</div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><br />
</div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">BJ's Wholesale Club to </span></span><span class="Apple-style-span" style="color: black;"><a href="http://boston.bizjournals.com/boston/blog/mass_roundup/2010/04/quincy_to_bjs_get_pretty_or_else.html"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">move headquarters</span></span></a></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"> to Westborough from Natick</span></span></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">A spokeswoman for BJ’s Wholesale Club said Thursday that the company is planning to move its corporate headquarters and nearly 1,000 employees from Natick to more spacious accommodations in Westborough early next year. </span></div></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span></div></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-family: arial; font-size: 11px;"></span></span></span></div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-family: arial; font-size: 11px;"></span></span></span></div><span class="Apple-style-span" style="font-weight: normal;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-family: arial; font-size: 11px;"><h3 class="headline" style="color: black; font: normal normal bold 11px/normal Arial; line-height: 28px; margin-bottom: 5px; margin-left: 0px; margin-right: 0px; margin-top: 5px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-transform: none; width: 620px;"><a href="http://boston.bizjournals.com/boston/blog/mass_roundup/2010/04/quincy_to_bjs_get_pretty_or_else.html"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-weight: normal;">Quincy to BJ's: Get pretty or else</span></span></span></a></h3><h3 class="headline" style="font: normal normal bold 11px/normal Arial; line-height: 28px; margin-bottom: 5px; margin-left: 0px; margin-right: 0px; margin-top: 5px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-transform: none; width: 620px;"><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"><span class="Apple-style-span" style="font-weight: normal;">The city of Quincy got tough with BJ's Wholesale Club over the appearance of a new store, the Patriot Ledger reports.</span></span></span></span></h3><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"><br />
</span></span></span></div></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><a href="http://is%20bj%27s%20wholesale%20club%20a%20great%20company%2C%20or%20what/?"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">Is BJ's Wholesale Club a great company, or what?</span></span></a></span></span></div></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">BJ's Wholesale Club is listed 232 on Fortunes 500 Annual Ranking of Americas Largest Corporations </span></span></span></span></div></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate; color: #006699;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"><br />
</span></span></span></span></span></div></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate;"><span class="Apple-style-span" style="color: black;"><a href="http://rockthetruth2.blogspot.com/2010/04/grocery-stores-going-hungry.html"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">Grocery Stores Going Hungry</span></span></a></span></span></span></span></div></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate;"><span class="Apple-style-span" style="line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"> A steady stream of shoppers looking for deals on necessities has helped the </span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">wholesale club</span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"> operators Costco Wholesale Corp. </span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">and BJ’s Wholesale Club Inc. deliver </span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">profit gains</span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">while many of their grocery competitors struggle....</span></span></span></span></span></span></div></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate;"><span class="Apple-style-span" style="line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"><br />
</span></span></span></span></span></span></div></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate;"><span class="Apple-style-span" style="line-height: 18px;"><a href="http://www.stockbloghub.com/2010/04/15/bj-bj%E2%80%99s-wholesale-club-reports-that-sales-rise/33980"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">BJ's Wholesale Club Reports That Sales Rise</span></span></a></span></span></span></span></div></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate;"><span class="Apple-style-span" style="line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">BJ's a leading warehouse club operator in the United States , recently posted strong sales results for the five-week period ended April 3, 2010 driven by the shift in Easter holidays and better weather.</span></span></span></span></span></span></div></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate;"><span class="Apple-style-span" style="line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="color: #505050; font-family: Arial, Helvetica; line-height: 21px;"></span></span></span></span></span></span></div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate;"><span class="Apple-style-span" style="line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="color: #505050; font-family: Arial, Helvetica; line-height: 21px;"></span></span></span></span></span></span></div><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate;"><span class="Apple-style-span" style="line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="color: #505050; font-family: Arial, Helvetica; line-height: 21px;"><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="color: black; font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"><br />
</span></span></div></div></span></span></span></span></span></span><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"></div></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="line-height: 18px;"><span class="Apple-style-span" style="font-size: medium;"><br />
</span></span></span></div></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"><br />
</span></span></span></div></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="line-height: 18px;"><a href="http://www.telegraphneighbors.com/military/715055-208/memorial-day-letter-writing-campaign.html"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">Memorial Day Letter Writing Campaign</span></span></a></span></div></div><div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><span class="Apple-style-span" style="line-height: 17px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">BJ’s Wholesale Club will be hosting a Memorial Day Letter Writing Campaign from May 1st to May 31st to support our service members and celebrate Military Appreciation Month.</span></span></span></div></div></span></span></span></span><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"></div></div><div style="margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px;"><br />
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</script>Unknownnoreply@blogger.com20tag:blogger.com,1999:blog-5432298633664521703.post-90779465174578386102010-05-06T13:05:00.000-07:002010-05-06T13:06:52.151-07:00BJ's In the News April 2010Haven't posted in a while, we'll post the month in comments later this week, but here's some recent BJ's news:</span></span></span></h1><h1 style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; margin-bottom: 0px !important; margin-left: 0px !important; margin-right: 0px !important; margin-top: 0px !important; padding-bottom: 10px; padding-left: 0px; padding-right: 0px; padding-top: 10px;"><span class="Apple-style-span" style="font-weight: normal;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">BJ's Wholesale Club to </span></span></span><span class="Apple-style-span" style="color: black;"><span class="Apple-style-span" style="font-weight: normal;"><a href="http://boston.bizjournals.com/boston/blog/mass_roundup/2010/04/quincy_to_bjs_get_pretty_or_else.html"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">move headquarters</span></span></a></span></span><span class="Apple-style-span" style="font-weight: normal;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"> to Westborough from Natick</span></span></span></h1><div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;">A spokeswoman for BJ’s Wholesale Club said Thursday that the company is planning to move its corporate headquarters and nearly 1,000 employees from Natick to more spacious accommodations in Westborough early next year. </span></div><div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><br />
</span></div><div><span class="Apple-style-span" style="font-weight: normal;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-family: arial; font-size: 11px;"></span></span></span></span><br />
<span class="Apple-style-span" style="font-weight: normal;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-family: Verdana, sans-serif;"><span class="Apple-style-span" style="font-family: arial; font-size: 11px;"><h3 class="headline" style="color: black; font: normal normal bold 11px/normal Arial; line-height: 28px; margin-bottom: 5px; margin-left: 0px; margin-right: 0px; margin-top: 5px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-transform: none; width: 620px;"><span class="Apple-style-span" style="font-weight: normal;"><a href="http://boston.bizjournals.com/boston/blog/mass_roundup/2010/04/quincy_to_bjs_get_pretty_or_else.html"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">Quincy to BJ's: Get pretty or else</span></span></a></span></h3><h3 class="headline" style="font: normal normal bold 11px/normal Arial; line-height: 28px; margin-bottom: 5px; margin-left: 0px; margin-right: 0px; margin-top: 5px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-transform: none; width: 620px;"><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="font-weight: normal;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">The city of Quincy got tough with BJ's Wholesale Club over the appearance of a new store, the Patriot Ledger reports.</span></span></span></span></h3><div><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"><br />
</span></span></span></div><div><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><a href="http://is%20bj%27s%20wholesale%20club%20a%20great%20company%2C%20or%20what/?"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">Is BJ's Wholesale Club a great company, or what?</span></span></a></span></span></div><div><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">BJ's Wholesale Club is listed 232 on Fortunes 500 Annual Ranking of Americas Largest Corporations </span></span></span></span></div><div><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate; color: #006699; font-weight: bold;"><span class="Apple-style-span" style="font-weight: normal;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"><br />
</span></span></span></span></span></span></div><div><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate; font-weight: bold;"><span class="Apple-style-span" style="font-weight: normal;"><span class="Apple-style-span" style="color: black;"><a href="http://rockthetruth2.blogspot.com/2010/04/grocery-stores-going-hungry.html"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">Grocery Stores Going Hungry</span></span></a></span></span></span></span></span></div><div><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate;"><span class="Apple-style-span" style="line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"> A steady stream of shoppers looking for deals on necessities has helped the </span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">wholesale club</span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"> operators Costco Wholesale Corp. </span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">and BJ’s Wholesale Club Inc. deliver </span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">profit gains</span></span><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">while many of their grocery competitors struggle....</span></span></span></span></span></span></div><div><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate;"><span class="Apple-style-span" style="line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"><br />
</span></span></span></span></span></span></div><div><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate;"><span class="Apple-style-span" style="line-height: 18px;"><a href="http://www.stockbloghub.com/2010/04/15/bj-bj%E2%80%99s-wholesale-club-reports-that-sales-rise/33980"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">BJ's Wholesale Club Reports That Sales Rise</span></span></a></span></span></span></span></div><div><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate;"><span class="Apple-style-span" style="line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">BJ's a leading warehouse club operator in the United States , recently posted strong sales results for the five-week period ended April 3, 2010 driven by the shift in Easter holidays and better weather.</span></span></span></span></span></span></div><div><span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate;"><span class="Apple-style-span" style="line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="color: #505050; font-family: Arial, Helvetica; line-height: 21px;"></span></span></span></span></span></span><br />
<span class="Apple-style-span" style="line-height: normal;"><span class="Apple-style-span" style="border-collapse: collapse;"><span class="Apple-style-span" style="border-collapse: separate;"><span class="Apple-style-span" style="line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="color: #505050; font-family: Arial, Helvetica; line-height: 21px;"><div><span class="Apple-style-span" style="color: black; font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"><br />
</span></span></div></span></span></span></span></span></span></div><div><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="line-height: 18px;"><span class="Apple-style-span" style="font-size: medium;"><br />
</span></span></span></div><div><span class="Apple-style-span" style="line-height: 18px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;"><br />
</span></span></span></div><div><span class="Apple-style-span" style="line-height: 18px;"><a href="http://www.telegraphneighbors.com/military/715055-208/memorial-day-letter-writing-campaign.html"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">Memorial Day Letter Writing Campaign</span></span></a></span></div><div><span class="Apple-style-span" style="line-height: 17px;"><span class="Apple-style-span" style="font-family: Arial, Helvetica, sans-serif;"><span class="Apple-style-span" style="font-size: medium;">BJ’s Wholesale Club will be hosting a Memorial Day Letter Writing Campaign from May 1st to May 31st to support our service members and celebrate Military Appreciation Month.</span></span></span></div></span></span></span></span></div><br />
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</script>Unknownnoreply@blogger.com6tag:blogger.com,1999:blog-5432298633664521703.post-51141276319546434312010-03-12T13:04:00.000-08:002010-03-12T13:04:41.885-08:00BJ's Post 4Q Profit, Sales Climb admist Bad February Weather....<div class="zemanta-img" style="display: block; float: right; margin: 1em; width: 160px;"><a href="http://www.daylife.com/image/0dkJbkwgnmeD4?utm_source=zemanta&utm_medium=p&utm_content=0dkJbkwgnmeD4&utm_campaign=z1"><img alt="NEW YORK - FEBRUARY 23: A trader works on the..." height="100" src="http://cache.daylife.com/imageserve/0dkJbkwgnmeD4/150x100.jpg" style="border: medium none; display: block;" width="150" /></a><span style="font-size: xx-small;"><span class="zemanta-img-attribution">Image by <a href="http://www.daylife.com/source/Getty_Images">Getty Images</a><a href="http://www.daylife.com/">Daylife</a> via </span></span></div><b>Fourth Quarter: </b><br />
BJ's Wholesale Club Inc. released their 4Q numbers on Wednesday, finding that its fiscal fourth-quarter profit climbed <b>5 percent</b> and<b> higher gasoline prices led to increased revenue.</b><br />
<b> </b> <br />
But the third-largest warehouse club operator also gave a 2010 earnings forecast below analysts' predictions. .<br />
<b>BJ's profit increased to $55.1 million</b>, or $1.01 per share. That compares with earnings of $52.7 million, or 91 cents per share, a year ago<br />
<br />
From <a href="http://www.suntimes.com/business/earnings/2081239,bj-wholesale-club-sales-030310.article">Chicago Sun Times</a>: <br />
<b>Sales for the period ended Jan. 30 rose 9% to $2.8 billion from $2.56 billion on membership fee growth and increased net sales, beating the $2.79 billion forecast of analysts polled by Thomson Reuters.</b><br />
<br />
Sales at stores open at least a year grew 4.6 percent, with a 2.3 percent benefit from gasoline sales. That figure is a key measure of a retailer's performance because it looks at the results of existing stores rather than newly opened ones.<br />
<br />
The results are an improvement from the third quarter, when the sales figure fell 2.5 percent.<br />
Earlier in the morning rival Costco Wholesale Corp. reported that its second-quarter profit rose 25 percent as strong overseas sales growth and increased gasoline prices lifted its revenue.<br />
<br />
BJ's, based in Natick, Mass., has seen success during the recession as budget-minded shoppers have come to its stores for deals on food and other necessities.<br />
<br />
The company's full-year profit slipped 2 percent to $132.1 million, or $2.42 per share, from $134.6 million, or $2.28 per share, in the prior year. Adjusted earnings were $2.48 per share.<br />
<br />
Annual revenue increased 2 percent to $10.19 billion from $10.03 billion.<br />
<br />
Sales at stores open at least a year fell 1.9 percent, with a 5.9 percent drag from lower overall gas prices. Taking out gas sales, the figure climbed 4 percent for the year.<br />
<br />
BJ's forecast a profit between $2.54 and $2.64 for fiscal 2010, but that's short of the $2.71 per share that analysts are looking for. The company anticipates first-quarter earnings in a range of 40 cents to 45 cents per share. Wall Street predicts a quarterly profit of 43 cents per share.<br />
<br />
<b><span style="font-size: large;">February Sales:</span></b><br />
<br />
<span style="color: black;"> <b>BJ’s Wholesale Club, Inc. (NYSE:BJ)</b>: reported that sales for February 2010 increased by 12.8% to $755.2 million from $669.6 million in February 2009. Comparable club sales increased by 7.5% for the month of February 2010, including a contribution from sales of gasoline of 3.6%. Excluding gasoline sales, merchandise comparable club sales increased by 3.9%. A calendar shift in the timing of the Super Bowl from January last year to February this year had a positive impact on merchandise comparable club sales of approximately 2%. However, severe winter storms had a negative impact of 2-2.5%.</span><br />
<div id="TixyyLink" style="background-color: transparent; border: medium none; color: black; overflow: hidden; text-align: left; text-decoration: none;"><br />
</div><br />
<br />
<pre>Four Weeks Ended Four Weeks Ended
February 27, 2010 February 28, 2009
---------------------------------- ------------------ ------------------
Merchandise comparable club sales 3.9% 8.2%
---------------------------------- ------------------ ------------------
Impact of gasoline sales 3.6% (7.6%)
---------------------------------- ------------------ ------------------
Comparable club sales 7.5% 0.6%
---------------------------------- ------------------ ------------------
Sales Results for February 2010
($ in thousands)
Four Weeks Ended % Change
February 27, February 28, Net Comp.
2010 2009 Sales Sales
------------ ------------ ------ ------
$ 755,241 $ 669,589 12.8% 7.5% </pre><br />
<br />
<span style="color: black;"> <b>The Company provided the following additional information regarding comparable club sales for February 2010: </b></span><br />
<span style="color: black;"> </span><ul><span style="color: black;">
<li class="bwlistitemmarginbottom">By week, the strongest sales increase was in week one, reflecting a calendar shift in the timing of the Super Bowl, and the smallest increase was in week four, reflecting severe snow storms in the Northeast. </li>
<li class="bwlistitemmarginbottom">By major region, the strongest increases were in the Southeast and Upstate New York. The smallest increases were in the Mid-Atlantic and Metro New York regions. </li>
<li class="bwlistitemmarginbottom">Excluding sales of gasoline, traffic increased by approximately 3% and the average transaction amount increased by approximately 1%. </li>
<li class="bwlistitemmarginbottom">Sales of food increased by approximately 7% and general merchandise sales decreased by about 1%. </li>
<li class="bwlistitemmarginbottom">Departments with the strongest sales increases compared to last year included bakery, breakfast foods, cigarettes, computers, dairy, deli, frozen foods, furniture, house wares, juices, produce, small appliances and snacks. Weaker departments versus last year included books, household chemicals, DVDs, televisions and trash bags. </li>
</span></ul><span style="color: black;"> </span><span style="color: black;"> BJ’s press releases and filings with the SEC are available on the Internet at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.bjs.com%2F&esheet=6200315&lan=en_US&anchor=www.bjs.com&index=1&md5=d2a5fb360239d3e8c85216675c0e51d1">www.bjs.com</a>. </span><br />
<br />
<span style="color: black;"> </span><span style="color: black;"> </span><span style="color: black;"> <span class="bwunderlinestyle"><b>Fourth Quarter and Fiscal Year-end Conference Call available for download:</b></span> <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.bjsinvestor.com%2Fevents.cfm&esheet=6200315&lan=en_US&anchor=http%3A%2F%2Fwww.bjsinvestor.com%2Fevents.cfm&index=2&md5=aa26c282f8b81ab2c3343bcb751165da">http://www.bjsinvestor.com/events.cfm</a>. </span><br />
<span style="color: black;"> </span><div class=" bwtextaligncenter"><span style="color: black;"> </span></div><span style="color: black;"> </span><span style="color: black;"><img alt=" " src="http://cts.businesswire.com/ct/CT?id=bwnews&sty=20100303005858r1&sid=18729&distro=ftp" /></span><br />
<br />
The financial future of BJ's looks pretty stable and solid, thanks to all the great team members who make the entire machine run.<br />
<br />
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<br />
The poll we had up has just closed, here are the results:<br />
<br />
<h2 class="title"><span style="font-size: large;">Question: Do you like the idea of BJ's creating more 85,000 sqft stores?<br />
</span></h2><b>Yes: 81 (69%)</b><br />
<b><br />
</b><br />
<b>No: 35 (30%)</b><br />
<br />
<b>Looks like most of you do like the idea of smaller stores, check out our new poll to the left of this post. If you'd like to suggest an idea for a poll send us an <a href="mailto:bjsworkers@gmail.com">email</a>! </b><br />
<br />
Okay, onward and upward, as most of you know BJ's 4Q numbers are being released this <a href="http://www.bostonherald.com/business/general/view/20100301the_outlook/">coming Wednesday</a>, until then we thought we'd review this past post's comments and discussions that have been flooding our email accounts:<br />
<br />
<span style="font-size: large;"><b>Lawsuit</b></span><br />
<br />
<dd class="comment-body"><blockquote>Anonymous <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1260292399649#c8965661595725074937">'expects more Payroll cuts</a> to offset this pay out <i>[from wage and hour suit]</i>...."<br />
<br />
Anonymous says "Today's hourly wagers are <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1260327379859#c2167779068926372613">not uneducated or dumb</a>. HR would do well to see that respect is a two way street."<br />
<br />
Anonymous <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1260335097172#c1942316329909057052">said that</a> 'Home Office has to realize that its the workers that make or break a business, and if they keep on doing the things they have been, there will not be a BJ's in the near future as today, there are many alternatives for the consumer...'<br />
<br />
<a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1260419341950#c2703952003195149786">Anonymous said</a> 'the Sad thing is, even with this lawsuit settled, there are Gms still running their clubs this way. They wont learn a lesson until the Labor board gets involved. The communication between management and hourly is atrocious.'</blockquote><blockquote><a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1260422778670#c155215928981747680">Anonymous wonders</a> 'Why do you think there are so many Overnight Manager Positions listed on BJ's Employment site?' </blockquote><blockquote>One writer gives their <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1262099325104#c626637729694850233">first hand experience of the lawsuit </a></blockquote><blockquote>"This is not about Costco, or Sam's club, This is about BJ's and things that happen there. Nothing will ever improve if people just shut up and let things go on as is"</blockquote><blockquote>And one <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1262571727601#c980200022104293857">anonymous poster</a> thinks if the club would become union, it would instantly become an under performing store and shut down. </blockquote><blockquote> One <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1262573259839#c3870568883741096635">poster says</a> remember you must pay union dues, while <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1262813647213#c5316859134143381178">another says</a> 'Oh big deal unions collect dues' </blockquote><span style="font-size: large;"><b>Star of year </b></span><br />
<blockquote>Anonymous <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1266014946688#c7617639100778458272">wonders how a cart-person can win SOY</a>. <br />
<br />
Anonymous tells us <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1266092654042#c2119503821778094715">three things</a> they look for in the SOY<b></b><br />
<b><br />
</b><br />
Anonymous says "Its <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1266166810923#c2318225951976214603">a favoritism thing</a>. At our club, a part timer who is late a great deal, texts on his cell phone during work, etc got SOY but because he is a butt kisser, he gets on avg 45-50 hours a week"<br />
<br />
Anonymous thinks the SOY program <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1266197570372#c5119161256061574698">creates more disconnect and resentment than good</a>. <br />
<b><br />
</b><br />
Anonymous thinks SOY is <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1266384375259#c6058992379227857138">completely arbitrary</a>, while another thinks the award is <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1266340091715#c8459357733870612325">well deserving</a> to certain workers.</blockquote><b></b><br />
<span style="font-size: large;"><b>Vacation</b></span> <br />
<blockquote>Anonymous wants to know if anyone feels "the new system for paid Vacation and sick time is <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1267143191671#c6522122135783524802">going to screw us?</a>"<b> </b><br />
<br />
Anonymous <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1267240465838#c8226829435878872815">thinks the new program is better than the old</a>. <br />
<br />
Anonymous <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1267383887145#c4994462778528562856">says</a> it "seems that we are losing three weeks vacation time under this new system."<br />
<br />
Anonymous <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1267393597170#c922900049848809932">wonders if that is true</a> [losing three weeks vacation] why aren't we seeking union protection? <br />
<br />
Anonymous <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1267414969709#c9029679545041396390">says that</a> "Misinformation abounds. No one is losing vaca time"<br />
<br />
And <a href="http://bjsworkers.blogspot.com/2009/12/bjs-wage-and-hour-suit-destroys-q3.html?showComment=1267460094954#c7396319656563414788">Anonymous says</a> "The biggest obstacle to union organizing efforts is simply the high turnover among the rank-and-file of a typical retail store. In some places, 60 or 70 percent of the staff can change in a typical year." </blockquote><br />
We'll have more to speak about on Wednesday, until then let the discussions continue and thanks again. </dd><br />
<div class="zemanta-related"><h6 class="zemanta-related-title" style="font-size: 1em; margin: 1em 0pt 0pt;">Related article</h6><ul class="zemanta-article-ul"><li class="zemanta-article-ul-li"><a href="http://www.huffingtonpost.com/2010/01/24/wal-mart-cutting-10000-jo_n_434699.html">Wal-Mart Cutting 10,000 Jobs At Sam's Club</a> (huffingtonpost.com)</li>
</ul></div><a name='more'></a><div class="zemanta-pixie" style="height: 15px; margin-top: 10px;"><a class="zemanta-pixie-a" href="http://reblog.zemanta.com/zemified/952224b2-6742-486a-8b60-a2e29aaffdcd/" title="Reblog this post [with Zemanta]"><img alt="Reblog this post [with Zemanta]" class="zemanta-pixie-img" src="http://img.zemanta.com/reblog_c.png?x-id=952224b2-6742-486a-8b60-a2e29aaffdcd" style="border: medium none; float: right;" /></a><span class="zem-script more-related pretty-attribution"><script defer="defer" src="http://static.zemanta.com/readside/loader.js" type="text/javascript">
</script></span></div>Unknownnoreply@blogger.com21tag:blogger.com,1999:blog-5432298633664521703.post-13315745208002861182009-12-08T08:01:00.000-08:002009-12-08T08:01:13.019-08:00BJ's Wage and Hour Suit destroys Q3 Numbers...Expansion details...<div class="zemanta-img" style="display: block; float: right; margin: 1em; width: 310px;"><a href="http://commons.wikipedia.org/wiki/Image:NYSESecurity.JPG"><img alt="The New York Stock Exchange building is blocka..." height="400" src="http://upload.wikimedia.org/wikipedia/commons/thumb/2/25/NYSESecurity.JPG/300px-NYSESecurity.JPG" style="border: medium none; display: block;" width="300" /></a><span class="zemanta-img-attribution">Image via <a href="http://commons.wikipedia.org/wiki/Image:NYSESecurity.JPG">Wikipedia</a></span><br />
</div>We know this story has been re-published throughout the blog, just bringing it to everyone's attention. The story broke about three weeks ago...<br />
<br />
We'll take you through the timetable:<br />
<br />
BJ's has an abysmal Third Quarter. (Read the entire Q3 report at <a href="http://biz.yahoo.com/e/091202/bj10-q.html">Yahoo</a>!.)<br />
<br />
Further research to BJ's Wholesale Club <a href="http://www.progressivegrocer.com/progressivegrocer/content_display/supermarket-industry-news/e3if90bc32271c417b8ab26e5a73403be40">dissatisfying Q3</a> numbers has BJ's and investors scapegoating the <a href="http://supermarketnews.com/news/bjs_settlement_1119/">$11.7 Million Dollar wage and hour lawsuit </a>which was settled during the end of the quarter as the main contributer to the terrible Q3 numbers. <br />
<br />
<b>More on the Lawsuit:</b><br />
<br />
<b>Press Release: </b><a href="http://www.tradingmarkets.com/.site/news/Stock%20News/2663574/">http://www.tradingmarkets.com/.site/news/Stock%20News/2663574/</a><br />
<br />
<blockquote>Klafter Olsen & Lesser LLP has reached a $9.3 million settlement of an overtime pay class action lawsuit against BJ's Wholesale Club Inc. (NYSE: BJ). The settlement, which is subject to Court approval, is intended to resolve claims that BJ's misclassified certain Mid Manager employees as exempt from receiving overtime for hours worked in excess of 40 hours per week.<br />
<br />
Plaintiffs claim that they were misclassified because their primary responsibilities included hourly duties such as loading and unloading materials, stocking shelves and other activities which are not exempt under federal and state overtime laws Under the settlement, approximately 1,500 current and former Mid Managers employed by BJ's since November 2007 will be entitled to make claims to share in the recovery, based on the number of weeks they were employed by the company. <br />
</blockquote><br />
From<a href="http://www.bjs.com/about/news/content/item1,088.shtml"> BJ's.com</a>, quote: "The settlement of the lawsuit is not an admission on the part of the Company of any wrongdoing. "<br />
<br />
What are your thoughts? Any company wrongdoing here? Lot's of people complain that they do work outside their job classification, which allows companies to take advantage of most workers, what are your thoughts?<br />
<br />
<br />
<b>As far as chain expansion in the coming months: </b><br />
<br />
"Chain expansion, club renovation, our technology roadmap and team member training and development. Our preliminary expansion plans call for 79 new clubs, including two in Massachusetts, one in Metro New York, one in Orland, Maryland and a club relocation in Rhode Island."<br />
<br />
Keep the emails and posts coming, <br />
<div class="zemanta-pixie" style="height: 15px; margin-top: 10px;"><a class="zemanta-pixie-a" href="http://reblog.zemanta.com/zemified/000a72fc-ed55-43ce-a80f-d54581792044/" title="Reblog this post [with Zemanta]"><img alt="Reblog this post [with Zemanta]" class="zemanta-pixie-img" src="http://img.zemanta.com/reblog_e.png?x-id=000a72fc-ed55-43ce-a80f-d54581792044" style="border: medium none; float: right;" /></a><span class="zem-script more-related pretty-attribution"><script defer="defer" src="http://static.zemanta.com/readside/loader.js" type="text/javascript">
</script></span></div>Unknownnoreply@blogger.com345tag:blogger.com,1999:blog-5432298633664521703.post-84534424661406655012009-11-02T10:33:00.000-08:002009-11-02T10:35:13.226-08:00Another New BJ's Wholesale Club to open in Mass.<div class="zemanta-img zemanta-action-dragged" style="display: block; float: right; margin: 1em; width: 256px;"><a href="http://commons.wikipedia.org/wiki/Image:Alford_ma_highlight.png"><img alt="Location in Berkshire County in Massachusetts" height="145" src="http://upload.wikimedia.org/wikipedia/commons/thumb/9/92/Alford_ma_highlight.png/300px-Alford_ma_highlight.png" style="border: medium none; display: block;" width="246" /></a><span class="zemanta-img-attribution">Image via <a href="http://commons.wikipedia.org/wiki/Image:Alford_ma_highlight.png">Wikipedia</a></span><br />
</div><span style="font-size: small;"><br />
</span><br />
<span style="font-size: small;"><span style="font-family: verdana;">Another plan for BJ's expansion was unveiled today when the company announced yet another 80,000 square foot new store to be opening in 2010. <br />
</span></span><br />
<blockquote><span style="font-size: small;"><span style="font-family: verdana;">PITTSFIELD, Mass. — A Braintree developer has announced plans to <a href="http://www.iberkshires.com/story.php?story_id=32904">construct a BJ's Wholesale Club on Hubbard Avenue</a>. It would be the first BJ's in Berkshire County</span></span><br />
</blockquote><span style="font-size: small;"><span style="font-family: verdana;">The <a href="http://www.berkshireeagle.com/ci_13681768">Berkrire Eagle</a> says the store will be 88,000 square feet, and provide the community with 120 retail jobs. </span></span><br />
<span style="font-family: verdana; font-size: small;"><br />
</span><br />
<span style="font-family: verdana; font-size: small;"><br />
</span><br />
<div class="zemanta-pixie" style="height: 15px; margin-top: 10px;"><span style="font-size: small;"><a class="zemanta-pixie-a" href="http://reblog.zemanta.com/zemified/10f73b8e-1f10-4e04-a0d9-eaf6d5af7f39/" title="Reblog this post [with Zemanta]"><img alt="Reblog this post [with Zemanta]" class="zemanta-pixie-img" src="http://img.zemanta.com/reblog_e.png?x-id=10f73b8e-1f10-4e04-a0d9-eaf6d5af7f39" style="border: medium none; float: right;" /></a></span><script defer="defer" src="http://static.zemanta.com/readside/loader.js" type="text/javascript">
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</div>Unknownnoreply@blogger.com14tag:blogger.com,1999:blog-5432298633664521703.post-43199341934210122922009-10-22T10:15:00.000-07:002009-10-22T10:15:28.997-07:00BJ's in Quincy set to open in April<div class="zemanta-img" style="display: block; float: right; margin: 1em; width: 250px;"><a href="http://www.flickr.com/photos/70323761@N00/469341353"><img alt="NYC - Queens - Long Island City: Silver Cup St..." height="160" src="http://farm1.static.flickr.com/211/469341353_019e01b5f6_m.jpg" style="border: medium none; display: block;" width="240" /></a><span class="zemanta-img-attribution">Image by <a href="http://www.flickr.com/photos/70323761@N00/469341353">wallyg</a> via Flickr</span><br />
</div>So amidst any further delays the club in Quincy is set to open in April....<a href="http://www.patriotledger.com/business/x988292363/Steady-progress-seen-at-Quincy-BJ-s">The Patriot Ledger</a> has more on the 85,000 sqft store.<br />
<br />
Aside from the barrage of complaints we're received regarding the increased Club politics during the past few months (in metro NY) we'd like to hear from workers all over, are these politics affecting your work atmosphere as much as they are here in NY? Even the Long Island workers are saying things are "tightening up" more and more.<br />
<br />
Let us know, keep the emails coming.<br />
<div class="zemanta-pixie" style="height: 15px; margin-top: 10px;"><a class="zemanta-pixie-a" href="http://reblog.zemanta.com/zemified/e5e64e96-1e56-43cf-ad3a-ed98fa5d2b02/" title="Reblog this post [with Zemanta]"><img alt="Reblog this post [with Zemanta]" class="zemanta-pixie-img" src="http://img.zemanta.com/reblog_e.png?x-id=e5e64e96-1e56-43cf-ad3a-ed98fa5d2b02" style="border: medium none; float: right;" /></a><span class="zem-script more-related more-info pretty-attribution"><script defer="defer" src="http://static.zemanta.com/readside/loader.js" type="text/javascript">
</script></span></div>Unknownnoreply@blogger.com24tag:blogger.com,1999:blog-5432298633664521703.post-77049906175470953762009-10-06T07:43:00.000-07:002009-10-06T07:43:15.425-07:00Another BJ's Wholesale Club for Brooklyn???Community Board 11 is reviewing the proposal but developer Joe Sitt, of <a class="zem_slink freebase/guid/9202a8c04000641f8000000009263526" href="http://www.thorequities.com/" rel="homepage" title="Thor Equities">Thor Equities</a> <a href="http://www.yournabe.com/articles/2009/10/02/brooklyn_graphic/news/brooklyn_graphic_newselrutll10012009.txt">has proposed to bring a BJ's Wholesale Club</a> to Brooklyn's Shore Parkway.<br />
<br />
<blockquote><a href="http://images.townnews.com/yournabe.com/content/articles/2009/10/02/brooklyn_graphic/news/brooklyn_graphic_newselrutll10012009.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="61" src="http://images.townnews.com/yournabe.com/content/articles/2009/10/02/brooklyn_graphic/news/brooklyn_graphic_newselrutll10012009.jpg" width="96" /></a>Thor Equities Developer Joe Sitt is getting back to his retail roots and proposing construction of a new 214,000-square-foot shopping center at 1752 Shore Parkway.<br />
<br />
The Amboy Bus Company is currently using the site to store its school buses.<br />
<br />
Plans to construct space for a new BJ’s Wholesale Club and three other retail stores between 24th Avenue and Bay 37th Streetwill get a hearing at the Department of City Planning on October 29.<br />
</blockquote> You can check out Thor Equities site on the development of 1752 Shore Parkway <a href="http://www.thorequities.com/property.aspx?id=131">here</a>. Let us know what you think!<br />
<br />
<div class="zemanta-pixie" style="height: 15px; margin-top: 10px;"><a class="zemanta-pixie-a" href="http://reblog.zemanta.com/zemified/fa32a455-3138-408d-9750-06cdc301835c/" title="Reblog this post [with Zemanta]"><img alt="Reblog this post [with Zemanta]" class="zemanta-pixie-img" src="http://img.zemanta.com/reblog_e.png?x-id=fa32a455-3138-408d-9750-06cdc301835c" style="border: medium none; float: right;" /></a><script defer="defer" src="http://static.zemanta.com/readside/loader.js" type="text/javascript">
</script><br />
</div>Unknownnoreply@blogger.com6tag:blogger.com,1999:blog-5432298633664521703.post-88551233873011459422009-09-14T07:20:00.000-07:002009-09-14T07:20:32.470-07:00BJ's begins laying foundation for new store in Mass.This weekend, workers began <a href="http://www.patriotledger.com/business/x588060806/Worker-crews-begin-laying-foundation-for-BJ-s-in-Quincy">laying foundation</a> for a new BJ's Wholesale Club in Quincy Massachusetts. The 85,000 sqft store is slated to be completed by April 2010. <br />
<br />
<b>Elsewhere,</b> BJ's sales announced that its comparable club sales for August 2009 decreased by 6.0%, including a negative impact of 8.2% from lower gasoline prices and volumes. Excluding gasoline, merchandise comparable club sales increased by 2.2%. <br />
<br />
In 2008, the Company reported a comparable club sales increase of 15.4% for August, including a contribution from sales of gasoline of 7.7%. Excluding the impact of gasoline, merchandise comparable club sales increased by 7.7%<br />
<br />
<br />
<div class="zemanta-pixie" style="height: 15px; margin-top: 10px;"><a class="zemanta-pixie-a" href="http://reblog.zemanta.com/zemified/3f43e1ed-0095-4e8b-afd1-0099ee9dde40/" title="Reblog this post [with Zemanta]"><img alt="Reblog this post [with Zemanta]" class="zemanta-pixie-img" src="http://img.zemanta.com/reblog_e.png?x-id=3f43e1ed-0095-4e8b-afd1-0099ee9dde40" style="border: medium none; float: right;" /></a><span class="zem-script more-related more-info pretty-attribution"><script defer="defer" src="http://static.zemanta.com/readside/loader.js" type="text/javascript">
</script></span></div>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-5432298633664521703.post-70493829770558054652009-08-24T07:36:00.000-07:002009-08-24T09:12:37.638-07:00BJ's Wholesale Club toys with a different store structure of 85,000 sqft<p class="zemanta-img" style="margin: 1em; float: right; display: block; width: 310px;"><a href="http://commons.wikipedia.org/wiki/Image:Walmartmexicaninteriors.jpg"><img src="http://upload.wikimedia.org/wikipedia/commons/thumb/e/e1/Walmartmexicaninteriors.jpg/300px-Walmartmexicaninteriors.jpg" alt="Wal-Mart Hermosillo" style="border: medium none ; display: block;" width="300" height="225" /></a><span class="zemanta-img-attribution">Image via <a href="http://commons.wikipedia.org/wiki/Image:Walmartmexicaninteriors.jpg">Wikipedia</a></span></p><p>Last Wednesday BJ's CEO Laura Sen had <a href="http://finance.yahoo.com/news/On-the-Call-BJs-Wholesale-apf-2316386967.html?x=0&.v=1">a lot to mention</a> regarding the 85,000 sqft prototype store in Pennsylvania. The store plans on serving a "less dense market", and allows the company to expand into area's which they wouldn't explore before. The city of Syracuse was listening to this closey, from <a href="http://blog.syracuse.com/storefront/2009/08/with_a_new_size_in_mind_bjs_wh.html">Friday's Post Standard</a>: <span style="font-style: italic;">'With new size in mind BJ's could expand to Syracuse area'</span><br /><br />Whether or not BJ's expands to Syracuse the fact is that BJ's is thinking, and thinking wisely we should add. As a 'big box' store, and a typical 100,000+ sqft operator they have seen the fruits of holding such an immense retail space, though they have also been held back on expanding to certain areas who craved a store like BJ's, but did not have the sufficient space for them.<br /></p><p>In 2008, Wal-Mart also toyed with the idea of a <a href="http://www.marketside.com/">smaller format</a> in order to take on <a href="http://www.retail-week.com/wal-mart-to-take-on-fresh-and-easy-with-small-format/470359.article">neighborhood stores</a> they wouldn't usually compete with their usual supercenters. The 'Marketside' test hasn't <a href="http://www.reuters.com/article/innovationNewsTechMediaTelco/idUSTRE5546CF20090605">worked out the way</a> Wal-Mart planned, as the Wal-Mart hierarchy has put a <a href="http://www.reuters.com/article/innovationNewsTechMediaTelco/idUSTRE5546CF20090605">halt on expansion</a> citing the struggling economy. We'll see if BJ's will take the same turn, downsizing to comply to an area they aren't accustom to serving.<br /><br />The question on our mind though is what the new 'prototype' stores will do for jobs at BJ's?, both current and future. Will there be an infrastructure change? Will there be a different benefit package? Will there be different job descriptions? Will there be more controversial promotions?<br /><br />Only time will tell, but we'd like to know what you think now...<br /></p> <div style="margin-top: 10px; height: 15px;" class="zemanta-pixie"><a class="zemanta-pixie-a" href="http://reblog.zemanta.com/zemified/666579e2-ce0b-46ac-92a5-2cc5926cb132/" title="Reblog this post [with Zemanta]"><img style="border: medium none ; float: right;" class="zemanta-pixie-img" src="http://img.zemanta.com/reblog_e.png?x-id=666579e2-ce0b-46ac-92a5-2cc5926cb132" alt="Reblog this post [with Zemanta]" /></a><span class="zem-script more-related pretty-attribution"><script type="text/javascript" src="http://static.zemanta.com/readside/loader.js" defer="defer"></script></span></div>Unknownnoreply@blogger.com10tag:blogger.com,1999:blog-5432298633664521703.post-52226806652702981882009-08-18T07:59:00.000-07:002009-08-18T08:02:25.511-07:00BJ's to report Second Quarter Earnings Wednesday<p class="zemanta-img" style="margin: 1em; float: right; display: block; width: 235px;"><a href="http://www.flickr.com/photos/27096326@N00/2968288767"><img src="http://farm4.static.flickr.com/3004/2968288767_ae3d6b0229_m.jpg" alt="Welcome to the recession" style="border: medium none ; display: block; width: 225px; height: 200px;" /></a><span class="zemanta-img-attribution">Image by <a href="http://www.flickr.com/photos/27096326@N00/2968288767">djlah</a> via Flickr</span></p><div><br />The New York Times previews <a href="http://click.icptrack.com/icp/relay.php?r=1022312812&msgid=1840789&act=C846&c=402019&admin=0&destination=http%3A%2F%2Fwww.nytimes.com%2Faponline%2F2009%2F08%2F17%2Fbusiness%2FAP-US-BJs-Earnings-Preview.html%3F_r%3D1" target="_blank">BJ's Wholesale Club's second quarter</a> earnings, after <a href="http://click.icptrack.com/icp/relay.php?r=1022312812&msgid=1840789&act=C846&c=402019&admin=0&destination=http%3A%2F%2Fwww.forbes.com%2Ffeeds%2Fap%2F2009%2F08%2F17%2Fap6786261.html" target="_blank">J.P. Morgan downgraded</a> the stock yesterday. Earnings aren't expected to be too strong, we've heard that the mood has been a little tense in the stores because of this.<br /></div> <div> </div> <div style="margin-top: 10px; height: 15px;" class="zemanta-pixie"><a class="zemanta-pixie-a" href="http://reblog.zemanta.com/zemified/24c55ced-17c0-4c1c-8436-a67f395f61a6/" title="Reblog this post [with Zemanta]"><img style="border: medium none ; float: right;" class="zemanta-pixie-img" src="http://img.zemanta.com/reblog_e.png?x-id=24c55ced-17c0-4c1c-8436-a67f395f61a6" alt="Reblog this post [with Zemanta]" /></a><span class="zem-script more-related pretty-attribution"><script type="text/javascript" src="http://static.zemanta.com/readside/loader.js" defer="defer"></script></span></div>Unknownnoreply@blogger.com22tag:blogger.com,1999:blog-5432298633664521703.post-28317846357246415212009-07-30T07:58:00.000-07:002009-07-30T08:13:30.367-07:00Yet another new BJ's Wholesale Club in the works?!?<a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://www.boston.com/yourtown/news/seyon%20num%201.JPG"><img style="margin: 0pt 0pt 10px 10px; float: right; cursor: pointer; width: 398px; height: 299px;" src="http://www.boston.com/yourtown/news/seyon%20num%201.JPG" alt="" border="0" /></a><br /><div><br />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.<br /><br /></div> <div>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.”</div><br /><span style="font-weight: bold;">Read the </span><a style="font-weight: bold;" href="http://www.wickedlocal.com/waltham/news/business/x592697399/Seyon-Street-location-in-Waltham-to-be-a-BJs">article here.</a> Construction is planned to be finished by the fall of 2010.<br /><br />More at Boston.com: <a href="http://www.boston.com/yourtown/news/waltham/2009/07/bjs_to_move_into_former_raythe.html">BJ's to move into former Raytheon site</a>.<br /><br />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 <a href="http://bjsworkers.blogspot.com/2009/04/bjs-briefsan-inked-deal-in-flushing.html">sixth announcement</a> of new projects since March...What recession??<br /><br />Oh and they've also just inked a new <a href="http://www.business-standard.com/india/news/wipro-bags-5-year-contractbj%5Cs-wholesale-club/69061/on">5-year contract with Wirpo Bags.</a> <div style="margin-top: 10px; height: 15px;" class="zemanta-pixie"><a class="zemanta-pixie-a" href="http://reblog.zemanta.com/zemified/16061843-2e08-4b2d-8915-2794bd27fa09/" title="Reblog this post [with Zemanta]"><img style="border: medium none ; float: right;" class="zemanta-pixie-img" src="http://img.zemanta.com/reblog_e.png?x-id=16061843-2e08-4b2d-8915-2794bd27fa09" alt="Reblog this post [with Zemanta]" /></a><span class="zem-script more-related pretty-attribution"><script type="text/javascript" src="http://static.zemanta.com/readside/loader.js" defer="defer"></script></span></div>Unknownnoreply@blogger.com24