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% ...
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