Monday, March 20, 2017

BJ’s chief Christopher Baldwin remains bullish despite rough patch for retailers

Image result for bj's wholesale club BJ’s Wholesale Club is having its most profitable year ever, according to President and CEO Christopher Baldwin. BJ’s experienced double-digit year-over-year growth the week of Black Friday, including its best-ever Black Friday.

The private equity firms that own the discount chain, CVC Capital Partners and Leonard Green & Partners, appear to be feeling bullish about BJ’s future, too: They’re reportedly hiring investment bankers to explore a sale or initial public offering.. . . more

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