An 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 GlassDoor.com

Agree? disagree? We wanna know what you think....

BJ's Wholesale Club – “Disapointing due to poor treatment of employees and empty promises.”

Here's the post:
 

BJ's Wholesale Club Receiving Manager in Hudson, MA:   (Current Employee)

Pros

The benefits offered are good, and the oppurtunity to receive free BJ's memberships for you and your family are a plus.

Cons

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.

Advice to Senior Management

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.

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BJ's beats expectations...will be sold for 2.8 billion in cash in 4Q

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Solid 2Q From BJ's Reinforces Favorable Views of Warehouse Clubs Amid Economic Uncertainty

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....




(Reuters) - BJ's Wholesale Club Inc (BJ.N) posted a much better-than-expected quarterly profit on Wednesday, helped by improved margins, gasoline sales and cost-cutting.

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.

Earnings from continuing operations were 85 cents per share, topping analysts' average forecast of 77 cents, according to Thomson Reuters I/B/E/S.

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.

Visits to BJ's stores were essentially flat, while the average amount spent per transaction rose by about 3 percent.

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.

BJ's agreed in June to be sold for $2.8 billion in cash. The deal is expected to close in the fourth quarter.

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BJ's Wholesale Club Sold for $2.8 billion

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Stories broke on BJ's Wholesale Club's sale last week, and now there is an investor suing the company because the sale price of $2.8 billion is "grossly inadequate" Read it at Bloomberg.

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.

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.

BJ's board of directors unanimously approved the merger agreement. The transaction is expected to close during the fourth quarter.

"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."

Links: http://www.licensemag.com/licensemag/News/BJs-Wholesale-Club-to-be-Acquired/ArticleStandard/Article/detail/729435?contextCategoryId=33594


WSJ: http://online.wsj.com/article/BT-CO-20110629-711984.html

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Related articles

• BJ's Wholesale: Longest Sale Process Ever? (blogs.wsj.com)
• Two Firms Pay $2.8B For BJ's (bostonist.com)
• Private equity firms to buy BJ's Wholesale for $2.8-billion (theglobeandmail.com)

More Buyout Rumors for BJ's Wholesale Club

What's going to happen to this company when it eventually gets bought out???

Shares of BJ's Wholesale Club Inc. rose Wednesday after a report that two private-equity investors are preparing a joint bid to buy the company.

Representatives for BJ's and Leonard Green did not return calls seeking comment. A spokeswoman for CVC declined to comment on the report.

Shares of BJ's rose $1, or 2 percent, to $48.70 in afternoon trading.

The New York Post also wrote about this rumor: http://www.nypost.com/p/news/business/bj_is_seeking_more_3kjfOFYrLKwKZTodp7I8TK


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UPDATE: Happy New Years from BJ's, Now You're Laid Off- BJ's to Cut 500 Jobs

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. Five stores will be closing in the Southeast, which will shave 380 jobs, and another 114 corporate level employees will be cut. 

"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."

The stores are listed below, all with the closing date of January 17th.

1. Sunrise, Florida: 3469 North University Drive.  - 99 Employees
   
2. Charlotte, North Carolina:  No clear number of employees to be laid off has been announced, over 65
   
3. McDonough BJ’s Wholesale Club 1990 Jonesboro Rd. McDonough, GA 30253
   
   
4. Powder Springs BJ’s Wholesale Club 2435 East West Connector Austell, GA 30106
   
5. Norcross BJ’s Wholesale Club 6344 Cash Ct. Norcross, GA 30071
   

The way they're wording the closings? "BJ's announces Strategic Actions to Optimize Performance'" [Press Release]

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%

BJ's Wholesale Club, Inc. (BJ: News ), 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.

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.

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.

"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. 

Read more at: Boston.com Also: Boston Herald

Right now, it's all about selling this company, at least that's the way it looks to us.  This flat out sucks, these 'strategic actions' are just the worst way to start the new year.

Related articles

• BJ's Wholesale Club slashes nearly 500 jobs (justjobs.com)
• BJ's Wholesale Club closing 3 stores in metro Atlanta (ajc.com)

BJ's Wholesale Club Stock Up Sharp Today

NY Post Reports a BJ's Possible Takeover:

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


Read more: http://www.nypost.com/p/news/business/buying_in_bulk_aP1mhywCsTzLrwANWYdZfI#ixzz19YI3r0DD

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

Is BJ's Wholesale Club For Sale?

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.  


BJ's Wholesale Club is rumored to have hired Morgan Stanely to help sell the company 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. " Month to month, BJ's has been under-performing, it seems like a good candidate for a going-private transaction."


Have any of you heard rumors in your stores?  Has the environment changed at all?


Read the entire story @ Business Week

BJ's In the News April 2010

Haven't posted in a while, we'll post the month in comments later this week, but here's some recent BJ's news:

BJ's Wholesale Club to move headquarters to Westborough from Natick

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. 

Quincy to BJ's: Get pretty or else

The city of Quincy got tough with BJ's Wholesale Club over the appearance of a new store, the Patriot Ledger reports.

Is BJ's Wholesale Club a great company, or what?

BJ's Wholesale Club is listed 232 on Fortunes 500 Annual Ranking of Americas Largest Corporations 

Grocery Stores Going Hungry

 A steady stream of shoppers looking for deals on necessities has helped the wholesale club operators Costco Wholesale Corp. and BJ’s Wholesale Club Inc. deliver profit gainswhile many of their grocery competitors struggle....

BJ's Wholesale Club Reports That Sales Rise

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.

Memorial Day Letter Writing Campaign

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.

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BJ's Post 4Q Profit, Sales Climb admist Bad February Weather....

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Fourth Quarter:
BJ's Wholesale Club Inc. released their 4Q numbers on Wednesday, finding  that its fiscal fourth-quarter profit climbed 5 percent and higher gasoline prices led to increased revenue.
 
But the third-largest warehouse club operator also gave a 2010 earnings forecast below analysts' predictions. .
BJ's profit increased to $55.1 million, or $1.01 per share. That compares with earnings of $52.7 million, or 91 cents per share, a year ago

From Chicago Sun Times:
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.

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.

The results are an improvement from the third quarter, when the sales figure fell 2.5 percent.
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.

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.

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.

Annual revenue increased 2 percent to $10.19 billion from $10.03 billion.

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.

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.

February Sales:

BJ’s Wholesale Club, Inc. (NYSE:BJ): 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%.

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% 

The Company provided the following additional information regarding comparable club sales for February 2010:

• 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.
• 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.
• Excluding sales of gasoline, traffic increased by approximately 3% and the average transaction amount increased by approximately 1%.
• Sales of food increased by approximately 7% and general merchandise sales decreased by about 1%.
• 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.

BJ’s press releases and filings with the SEC are available on the Internet at www.bjs.com. 

Fourth Quarter and Fiscal Year-end Conference Call available for download: http://www.bjsinvestor.com/events.cfm.

The financial future of BJ's looks pretty stable and solid, thanks to all the great team members who make the entire machine run.

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Poll Results, Comments: Jan/Feb 2010: Star of Year, Lawsuit, Vacations, Oh My!

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Greetings everyone, thanks for the out pour of comments and emails the past two months!

The poll we had up has just closed, here are the results:

Question: Do you like the idea of BJ's creating more 85,000 sqft stores?

Yes: 81 (69%)


No:  35 (30%)

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 email!

Okay, onward and upward, as most of you know BJ's 4Q numbers are being released this coming Wednesday, until then we thought we'd review this past post's comments and discussions that have been flooding our email accounts:

Lawsuit

Anonymous 'expects more Payroll cuts to offset this pay out [from wage and hour suit]...."

Anonymous says "Today's hourly wagers are not uneducated or dumb. HR would do well to see that respect is a two way street."

Anonymous said that '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...'

Anonymous said '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.'

Anonymous wonders 'Why do you think there are so many Overnight Manager Positions listed on BJ's Employment site?'

One writer gives their first hand experience of the lawsuit

"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"

And one anonymous poster thinks if the club would become union, it would instantly become an under performing store and shut down.

 One poster says remember you must pay union dues, while another says 'Oh big deal unions collect dues'

Star of year 

Anonymous wonders how a cart-person can win SOY.

Anonymous tells us three things they look for in the SOY


Anonymous says "Its a favoritism thing. 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"

Anonymous thinks the SOY program creates more disconnect and resentment than good.


Anonymous thinks SOY is completely arbitrary, while another thinks the award is well deserving to certain workers.

Vacation

Anonymous wants to know if anyone feels "the new system for paid Vacation and sick time is going to screw us?" 

Anonymous thinks the new program is better than the old.

Anonymous says it "seems that we are losing three weeks vacation time under this new system."

Anonymous wonders if that is true [losing three weeks vacation] why aren't we seeking union protection?

Anonymous says that "Misinformation abounds. No one is losing vaca time"

And Anonymous says "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."

We'll have more to speak about on Wednesday, until then let the discussions continue and thanks again.  

Related article

• Wal-Mart Cutting 10,000 Jobs At Sam's Club (huffingtonpost.com)

BJ's Wage and Hour Suit destroys Q3 Numbers...Expansion details...

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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...

We'll take you through the timetable:

BJ's has an abysmal Third Quarter.  (Read the entire Q3 report at Yahoo!.)

Further research to BJ's Wholesale Club dissatisfying Q3 numbers has BJ's and investors scapegoating the $11.7 Million Dollar wage and hour lawsuit which was settled during the end of the quarter as the main contributer to the terrible Q3 numbers. 

More on the Lawsuit:

Press Release:  http://www.tradingmarkets.com/.site/news/Stock%20News/2663574/

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.

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. 

From BJ's.com, quote: "The settlement of the lawsuit is not an admission on the part of the Company of any wrongdoing. "

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?


As far as chain expansion in the coming months:

"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."

Keep the emails and posts coming,

Another New BJ's Wholesale Club to open in Mass.

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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.

PITTSFIELD, Mass. — A Braintree developer has announced plans to construct a BJ's Wholesale Club on Hubbard Avenue. It would be the first BJ's in Berkshire County

The Berkrire Eagle says the store will be 88,000 square feet, and provide the community with 120 retail jobs. 

Another BJ's Wholesale Club for Brooklyn???

Community Board 11 is reviewing the proposal but developer Joe Sitt, of Thor Equities has proposed to bring a BJ's Wholesale Club to Brooklyn's Shore Parkway.

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.

The Amboy Bus Company is currently using the site to store its school buses.

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.

 You can check out Thor Equities site on the development of 1752 Shore Parkway here. Let us know what you think!

BJ's begins laying foundation for new store in Mass.

This weekend, workers began laying foundation for a new BJ's Wholesale Club in Quincy Massachusetts.  The 85,000 sqft store is slated to be completed by April 2010. 

Elsewhere, 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%.

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%

BJ's Wholesale Club toys with a different store structure of 85,000 sqft

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Last Wednesday BJ's CEO Laura Sen had a lot to mention 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 Friday's Post Standard: 'With new size in mind BJ's could expand to Syracuse area'

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.

In 2008, Wal-Mart also toyed with the idea of a smaller format in order to take on neighborhood stores they wouldn't usually compete with their usual supercenters. The 'Marketside' test hasn't worked out the way Wal-Mart planned, as the Wal-Mart hierarchy has put a halt on expansion 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.

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?

Only time will tell, but we'd like to know what you think now...

BJ's to report Second Quarter Earnings Wednesday

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The New York Times previews BJ's Wholesale Club's second quarter earnings, after J.P. Morgan downgraded 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.

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

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

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

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

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

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

Oh and they've also just inked a new 5-year contract with Wirpo Bags.

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

Image by Getty Images via Daylife

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

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

Plans for the nearly 45-acre site include the 117,925-square-foot BJ's Wholesale Club with a gas station and tire sale and service area.

So as they continue to expand during a recession, do the excuses of being hurt in a bad economy warrent the complaints we recieve on not getting enough hours? Let us know...

BJ's Sales Down Again...

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

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

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

Tough Month for BJ's....How is it affecting you??

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BJ's Wholesale Club, Inc. reported Thursday a 6.8% decline in same store sales for the month of May, hurt chiefly by lower gasoline prices and volume.

BJ's said that sales for May dipped by 4.7% to $783.4 million from $822 million a year ago.

It's been a tough go for retailers, but BJ's has been doing a decent job during this recession, some say that BJ's stock will dip under $30.00 a share...We're wondering how it's affecting workers, from what we've heard on the street is that the recession has cut hours, and put most employees under tremendous pressure...What's your thoughts?

Here's what some top news agencies had to say:

BJ's down 6.8%

Marketwatch: BJ's DOWN.

BJ's same store sales down, Boston Globe reports.