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BJ's Enjoys Double-digit Sales Growth in June
Helped in no small measure by its still-burgeoning food sales, particularly in the perimeter, BJ's Wholesale Club, Inc. said yesterday that June 2008 sales soared by 18.8 percent to $1.05 billion, from $887 million in the year-ago period. June 2008 comparable-club sales jumped by 16.5 percent, including a contribution from sales of gas worth 8.2 percent. The company attributed merchandise comparable-club sales growth of 8.3 percent to a higher-than-expected mix of low-margin consumable items such as paper products, HBC, and household chemicals.