NATICK, Mass. — BJ’s Wholesale Club said Wednesday that it would close five clubs and lay off almost 500 workers as part of a strategic restructuring that some observers are interpreting as a prelude to a sale. In a separate statement, BJ’s said Wednesday that its longtime chief financial officer, Frank Forward, would retire at the end of the month, along with Thomas F. Gallagher, its executive vice president of club operations. The clubs slated for closure include three in the Atlanta ...

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