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Stock impact report

Going to the club: How groceries are boosting club retailers' sales [Yahoo! Finance]

BJ's Wholesale Club Holdings, Inc. (BJ) 
Last bj's wholesale club holdings, inc. earnings: 3/5 06:45 am Check Earnings Report
US:NYSE Investor Relations: bjs.com/about/background.shtml
Company Research Source: Yahoo! Finance
Club retailers' combo of discounted prices and grocery assortments is packing a powerful one-two sales punch in their battle against traditional grocers. In recent earnings calls, club retailers outlined how their focus on value is helping them stand out to consumers. At the same time, club stores are growing their presence around the U.S., bringing new competition to the backyards of regional and independent grocers. BJ's Wholesale Club made “considerable investments in value during the [fourth] quarter in our grocery business and we will continue to do that in the future,” Robert Eddy, the company's president, CEO and chairman, told investors earlier this month. The club retailer's perishables, grocery and sundries division grew comparable sales by 2.3%, thanks to strong performance in the perishables department, nonalcoholic beverages, candy and snacks. BJ's sales growth in fresh comes roughly a year after the retailer's chainwide launch of its Fresh 2.0 initiative, which ov Show less Read more
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