bjs wholesale

Even Record Snows Couldn't Stop Shoppers

Much to retailers' surprise, old man winter didn't deter consumers from the post-holiday clearance sales. Merchants posted better-than-expected January results despite the dreadful weather that had caused many analysts to cool their forecasts.

Face-Off on Stocks: Costco, BJ's, Wal-Mart

Retail stocks tend to rise ahead of other sectors in the early stages of an economic recovery, and so far, following a familiar pattern, both up-market and discount chains have benefited at the expense of middle-market players. So is this the time to buy stock in wholesale clubs?

Retail Earnings: Summer Slowdown Will Roll Into Fall

After a stronger-than-expected spring, the doldrums have hit summer harder than usual. Merchants' second-quarter reports were shot through with disappointment over the slow economic recovery and a sense that retailers will have to work hard to boost sales the rest of 2010.

BJ's Wholesale Club Reports Quarterly Earnings of $35.8 Million

Warehouse chain BJ%u2019s Wholesale Club (BJ) reported second quarter earnings of $35.8 million or 67 cents a diluted share, up from $35.1 million, or 64 cents a diluted share, a year earlier. Total sales for the quarter ended July 31 were $2.7 billion, up 8.6% from the second quarter of 2009, the company said in a statement. Comparable club sales rose 4.4%, with a strong performance in gasoline sales.

An Early Christmas Gift
for Retailers

The Commerce Department's monthly sales tally for November showed unexpected pockets of strength among retailers, including car dealers and online sales. Most retail categories posted higher sales, except clothing and housewares.