BJ's Pushes Ahead with Possible Sale

NATICK, Mass.-BJ's Wholesale Club may be moving closer to an acquisition by Leonard Green Partners.

According to a filing with the U.S. Securities and Exchange Commission, the warehouse-club retailer has entered into a confidentiality agreement with Leonard Green, whose affiliate, Green Equity Investors, owns 9.3 percent of BJ's common stock. Under the terms of the agreement, BJ's will provide information about the retailer's business and properties to Leonard Green, which will use the material to evaluate a potential acquisition of BJ's. In return, Leonard Green has agreed to certain provisions that restrict the ability of itself and its affiliates to acquire additional securities from BJ's prior to March 21, 2012.

BJ's announced in February that it was exploring a possible sale of the company, along with other "strategic alternatives," the company said in a statement. For its fiscal year ending on Jan. 29, the company reported a 28 percent decline in net income on a gain of 8.2 percent in total revenues.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.


  • Patti Carpenter Talks Color and its Importance in the Home

    Camera Icon   More Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN August 2017 cover


    August 2017

    COVER STORY: Sharpening the Focus on Millennials

    Find out what makes Millennials tick when it comes to home decorating, shopping and at-home entertaining with HFN's annual consumer study. Turns out, Millennials favor the in-store shopping experience.


    • Power of the People - Crowdfunding campaigns provide needed capital, feedback for home and housewares product launches.
    •  Omnichannel Retailing: Visual Search Takes Off - Learn how voice and visual search are revolutionizing product discovery.