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Report: Leonard Green set to make bid for BJ’s
New York City -- Leonard Green & Partners is expected to make an opening-round offer on Wednesday for BJ’s Wholesale Club, the New York Post reported, citing unidentified people familiar with the matter.
Bidders picked for the second round will probably be asked to make binding offers by the end of May, the newspaper said. -
Electronics no longer delivering sales spark at Walmart
BENTONVILLE, Ark. -- As Walmart embarks on its campaign to be the low-price leader and broaden product assortment, the company said it plans to reduce space for electronics in its U.S. stores, saying that sales in that category have declined.
The company will reduce floor space devoted to items such as flat-screen televisions and give some of that space to apparel, according to Rosalind Brewer, who runs the Wal-Mart East division and addressed the ISI Group Retail Summit in Atlanta on Tuesday.