NATICK, Mass. - BJ's Wholesale Club here said increased sales of private-label groceries and perishables helped drive its profitability in the fourth quarter and fiscal year that ended Jan. 28.
label were up 47% for the year as BJ's continues to expand its offerings. In a conference call discussing the results, Mike Wedge, president and chief executive officer, projected eventual sales penetration of 20% in private label, up from 12% today.
He also said the company was doublin