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Costco, BJ’s and Target beat estimates in July
New York City -- Warehouse club operators Costco and BJ’s Wholesale Club continue to benefit from high fuel prices and bargain-seeking consumers, with both chain reporting solid results.
Costco reported a 10% rise in same-store sales In July, beating Wall Street's expectations for an 8.6% increase.
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Leonard Green buying BJ’s Wholesale for $2.8 billion
New York City -- BJ's Wholesale Club announced on Wednesday that it has agreed to be acquired by the private equity firms of Leonard Green & Partners and CVC Capital Partners (“CVC”) in an all-cash transaction valued at approximately $2.8 billion.
BJ's, based in Westborough, Mass., has 190 stores in 15 states. The company said its board unanimously approved the buyout.
