NATICK, Mass. - Marketing initiatives designed to drive traffic and sales fell below plan, and high gas prices cut into profits at BJ's Wholesale Club, the retailer here said last week. The company subsequently slashed its full-year sales and earnings expectations and said it would slow its new-store opening program. "We expected better and know we can do better," Michael Wedge, chief executive officer, said in a conference call discussing results for the fiscal second quarter that ended ...
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