BJ's Wholesale Club, Inc.

BJ’s Wholesale Club, Inc. said this week that its board of directors has authorized the repurchase of up to an additional $200 million of the Natick, Mass.-based retailer’s common stock.

BJ’s Wholesale Club, Inc. this week posted net income of $55.1 million, or $1.01 per diluted share, for the fourth quarter of fiscal 2009 ended Jan. 30, 2010.

CNN correspondent Soledad O’Brien will be keynote speaker at this year’s Hispanic Retail 360 Summit, being held Aug. 8 through Aug. 10 at the Hyatt Regency Scottsdale at Gainey Ranch in Scottsdale, Ariz.

In the case of one of the largest data breaches ever investigated and prosecuted in the United States, Albert Gonzalez pleaded guilty last week to conspiring to hack into the computer networks of several major American retailers and financial institutions, among them Hannaford Brothers Co., Inc., and to steal millions of credit and debit card numbers.

BJ’s Wholesale Club, Inc. yesterday reported net income of $17.7 million, or 32 cents per diluted share, for the third quarter ended Oct. 31, including a charge of $11.7 million pre-tax ($6.9 million post-tax), or 13 cents per diluted share, to establish a reserve in connection with the proposed settlement of a legal claim regarding wage and hour job classification.

Fairbank Farms, an Asheville, N.Y.-based ground beef supplier, has issued a voluntary recall for fresh ground beef sold in eight eastern states, after it emerged that about 545,699 pounds produced by the company between Sept. 14 and Sept. 16 might be tainted with E.coli O157:H7.

As a way to celebrate its 25th anniversary of doing business, BJ’s Wholesale Club is asking the communities in which it operates clubs to amass 25 tons of groceries to help feed area needy families.

BJ’s Wholesale Club, Inc. has elected of Leonard A. Schlesinger, president of Babson College, as well as a retail industry sector leader and noted author, to its board of directors.