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A new wild card in the warehouse club space
Sam’s is enjoying some solid momentum these days, but a potential buyout of BJ’s Wholesale Club announced Friday morning could create some competitive issues in market where the companies operations overlap.
Of course, that assumes the private equity firms Leonard Green & Partners and CVC Capital Partners, the companies who have joined forces to take BJ’s private, are interested in growing the business and investing in operations as opposed to simply squeezing the 190 unit retailer for cash.
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Borders extends leases on 11 stores
New York City -- Borders Group has reached agreements with its landlords to extend the leases on 11 stores it had previously asked a bankruptucy court to shutter, the Associated Press reported.
Last week, the chain asked permission to start liquidating 51 stores because of a condition for its financing. But it said at the time it was actively working to keep them open.
