NATICK, Mass. — BJ's Wholesale Club here last week reported a sharp rise in fourth-quarter net income, citing strong sales of high-margin items such as perishables. The company joined fellow club store operator Costco Wholesale, which reported results the same day, in saying that they believe they are benefiting from consumers looking for grocery bargains (see Page 53.) “Looking ahead, our greatest challenge in 2008 is also our greatest opportunity,” said Herb Zarkin, chairman and chief ...

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