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

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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.