Retail News

BJ’s Makes Cuts Following December Disappointment

The Associated Press/NPR 01/05/2011

BJ’s Wholesale Club announced it would close five underperforming clubs and cut almost 500 headquarters and field jobs after the retailer’s same-store sales came in below expectations in December. The company also announced CFO Frank Forward is retiring and will be replaced by Robert Eddy, BJ’s director of finance.

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