BJ's Cuts Back on Expansion Plans

NATICK, Mass. BJ's Wholesale Club here said last week it plans to reduce capital spending by 20% or more over the next couple of years as it opens fewer stores per year. The company said it expects to allocate $110 million to $120 million to capital expenditures this year, compared with earlier guidance of $140 million to $150 million, with five openings scheduled rather than the eight to nine originally

NATICK, Mass. — BJ's Wholesale Club here said last week it plans to reduce capital spending by 20% or more over the next couple of years as it opens fewer stores per year.

The company said it expects to allocate $110 million to $120 million to capital expenditures this year, compared with earlier guidance of $140 million to $150 million, with five openings scheduled rather than the eight to nine originally forecast.

According to Herbert Zarkin, chairman, president and c

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