Some Analysts See CEO's Exit as Prelude to BJ's Sale

NATICK, Mass. BJ's Wholesale Club here is seeking a new top executive to deal with declining same-store sales, particularly in general merchandise declines that apparently led to the resignation of Michael T. Wedge as president and chief executive officer and the appointment of Herb Zarkin, the company's chairman, as interim CEO. The company said it is seeking a fresh perspective. According to analysts,

NATICK, Mass. — BJ's Wholesale Club here is seeking a new top executive to deal with declining same-store sales, particularly in general merchandise — declines that apparently led to the resignation of Michael T. Wedge as president and chief executive officer and the appointment of Herb Zarkin, the company's chairman, as interim CEO.

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