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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.
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Walgreens December sales up 7.5%
Deerfield, Ill. -- Walgreens reported on Wednesday that its December sales rose 7.5% to $6.8 billion. The chain said that Duane Reade stores, which Walgreens acquired in April 2010, contributed 2.5 percentage points.
Walgreens’ same-store sales for the month rose 2.8%
The company said front-end sales were up 9.5%. Pharmacy sales, which accounted for 58.6% of total sales for the month, saw a 6% boost.
During the month of December, Walgreens opened three stores, including one relocation, and acquired three stores.