BJ’s Projects Gains in 2011

WESTBOROUGH, Mass. — BJ’s Wholesale Club on Wednesday said lower costs, higher membership fees and sales growth sparked by perishable foods and anticipated inflation would improve profits in 2011.

WESTBOROUGH, Mass. — BJ’s Wholesale Club on Wednesday said lower costs, higher membership fees and sales growth sparked by perishable foods and anticipated inflation would improve profits in 2011.

For the fourth quarter, which ended Jan. 29, net income was down 81% to $10.2 million as BJ’s absorbed expenses for closing five stores and a corporate restructuring. Sales of $2.9 billion during the period w

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