At a time when other wholesale clubs are struggling, BJ’s Wholesale Club saw its fourth-quarter net income rise 5 percent. As Reuters reported last week:
- Sales (which are not the same as net income) increased 3.2 percent in all BJ’s stores. However, sales in stores that had been open more than a year increased only 1.7 percent. In other words, about half of BJ’s growth came from new stores.
- Sales increased because more shoppers are leaving supermarkets and shopping at BJ’s for food, paper goods and home cleaning products.
- February sales at BJ’s indicate that the fourth-quarter uptick is likely to continue into 2009.
That news teaches us some important lessons about staying profitable today:
Read the full article >>
Interesting post. Food for thought.
Posted by: Digital Business Cards | March 14, 2009 at 12:22 AM
Yes with the right attitude, things can change and happen even in this time of economic downturn. One needs and a positive attitude and enthusiasm and with a little creativeness, you can make a difference.
-Jonathan
http://www.p2w2.com/jonathan
Posted by: N Jonathan Christopher | March 18, 2009 at 03:17 AM