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Planalytics: Frigid temps and snow to up demand for winter goods
Berwyn, Penn. -- Retailers are likely to experience high demand for winter goods during the upcoming week. Beginning this weekend and carrying through next week, virtually all of North America should prepare for below normal temperatures, according to Planalytics. Most locations east of the Rockies can expect temperatures to trend 10°F to 20°F colder than both normal and last year, with the main exception being the Southwest where temperatures will trend normal to slightly above normal.
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BJ’s closing five locations, restructuring home office and select field ops
Natick, Mass. -- BJ’s Wholesale Club said Wednesday that its December same-store sales rose 3.8% and would have been up 1.4%, excluding the impact of gasoline sales. The results were short of analysts expectations. Separately, the company said it is shutting five underperforming locations by the end of January. as well as restructuring its home office and certain field operations. It is cutting 114 corporate-level jobs, 61 of them at the company's headquarters and 53 field positions.