NATICK, Mass. — BJ's Wholesale Club here said last week it plans to reduce capital spending by 20% or more over the next couple of years as it opens fewer stores per year. The company said it expects to allocate $110 million to $120 million to capital expenditures this year, compared with earlier guidance of $140 million to $150 million, with five openings scheduled rather than the eight to nine originally forecast. According to Herbert Zarkin, chairman, president and chief executive ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access 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’s FREE, 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 granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.