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

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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 Strategy: Take business from Supermarkets

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

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

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.

BJ's Briefs...an inked deal in Flushing, a lawsuit, and more...

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Here's some recent press BJ's has gotten in the past week:

BJ's Wholesale Club inks another lease in the NYC Metro area.

BJ's to take 170,000 sqft in Canarsie, Brooklyn.

An 89 year old widow is suing BJ's Wholesale Club in an age biased firing.

BJ's eyes are still on Pittsburgh.

Another BJ's to Brooklyn

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A release surfaced last week saying BJ's just inked a deal to anchor a new shopping center in Canarsie Brooklyn. The company continues to expand in a struggling economy and to areas which lack shopping options.

Obama: "We will pass the Employee Free Choice Act," Meanwhile BJ's continues to profit, what's this all add up to?

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Yesterday the Wall Street Journal ran a story which said that President Barack Obama told AFL-CIO union leaders Tuesday in a videotaped address that the controversial Employee Free Choice Act will pass, "signaling his full backing for legislation that makes union organizing easier..."

"We will pass the Employee Free Choice Act," President Obama told more than 100 top labor officials in a closed-door meeting at the labor federation's winter gathering in Miami, according to people at the meeting.

If you'd like read the entire article at the Wall Street Journal

The real question is if you think this could be good for BJ's? Take the poll to your left, leave your comments below, The UFCW has a site on the Employee Free Choice Act for further reference also

Meanwhile, BJ's continues to grow, they reported further growth in the 4th quarter,

Earnings climbed to $52.7 million, or 91 cents per share, from $50.2 million, or 80 cents per share, in the same quarter a year ago.

Read the analysis of BJ's profit's here.

What's this mean to you also?