BJ's Sales Rise, Profits Fall
By Staff -- Home Textiles Today, 3/12/2007 12:00:00 AM
Natick, Mass. —
Net income for BJ's Wholesale Club in 2006 was $72.0 million, down 44% from $128.5 million in 2005. Sales for the year rose 7.2% to $8.3 billion. Comparable club sales for the 172-unit eastern regional chain increased by 1.2%, including a contribution from gasoline sales of 0.7%.
In an encouraging sign, Frank Forward, cfo, pointed out, "The average transaction increased about 3% for the year."
Herb Zarkin, chairman, president and ceo, said 2007 will see more efficient logistics, better timing of Asian-sourced product, and increased field staff to drive new memberships and boost shopper purchases. He said BJ's will open up to 10 new clubs in existing markets.
We would love your feedback!
-
BJ's sees sales grown, comps turnaround in 2Q
Aug 18, 2010 -
BJ’s sales rise, profits fall
Mar 7, 2007
Featured Company
-
Wright Labels
Bill and Tom Wright founded Wright of Thomasville in 1961 on the idea that printing was a creative medium and the belief that "a promise made is a promise kept." The Wright brothers focused their attention on providing exceptional printing for the... more
