WESTBOROUGH, Mass. — BJ's Wholesale Club last week said lower costs, higher membership fees and sales growth sparked by perishable foods and anticipated inflation would improve profits in 2011. For the fourth quarter, which ended Jan. 29, net income was down 81% to $10.2 million as BJ's absorbed expenses for closing five stores and a corporate restructuring. Sales of $2.9 billion during the period were up 7.4% from the same period last year, with comparable store sales improving by 3.8% ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.