Price Competition Sinks BJ's Profits

Citing "an intense level of price competition" from discounters and supermarkets, BJ's Wholesale Club here invested more heavily than expected in its own prices during the second quarter, causing margins and earnings to fall below expectations.

NATICK, Mass. — Citing "an intense level of price competition" from discounters and supermarkets, BJ's Wholesale Club here invested more heavily than expected in its own prices during the second quarter, causing margins and earnings to fall below expectations.

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