BJ’s to Close 5 Stores in Restructuring

NATICK, Mass. — BJ’s Wholesale Club said Wednesday that it would close five clubs and lay off almost 500 workers as part of a strategic restructuring that some observers are interpreting as a prelude to a sale.

NATICK, Mass. — BJ’s Wholesale Club said Wednesday that it would close five clubs and lay off almost 500 workers as part of a strategic restructuring that some observers are interpreting as a prelude to a sale.

In a separate statement, BJ’s said Wednesday that its longtime chief financial officer, Frank Forward, would retire at the end of the month, along with Thomas F. Gallagher, its executive vice pr

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