Much to retailers’ surprise, old man winter didn’t deter consumers from the post-holiday clearance sales. Merchants posted better-than-expected January results despite the dreadful weather that had caused many analysts to cool …
Retailer BJ’s Wholesale Club (BJ) jumped in premarket trading after announcing that it is considering putting itself up for sale.
The stock jumped 13.35% to $48.74 a share at 8:12 am ET.
BJ’s has hired Morgan Stanley & Co. (MS) to advise on opt…
Warehouse retailer BJ’s Wholesale Club is in the process of hiring an advisor to explore a possible sale of the company to a private equity firm.
Continue reading BJ’s Wholesale Seeks Advisers for Possible Priv…
Retail stocks tend to rise ahead of other sectors in the early stages of an economic recovery, and so far, following a familiar pattern, both up-market and discount chains have benefited at the expense of middle-market players. So is it time to buy stock in wholesale clubs?
Continue reading Face-Off on Stocks: Costco, BJ’s, Wal-Mart
Face-Off on Stocks: Costco, BJ’s, Wal-Mart originally appeared on DailyFinance on Tue, 12 Oct 2010 08:27:00.
Filed Under: Investing, Wal-Mart Stores, Costco, Stock Picks, Retail, Video, Market News, Special Report