BJ’s to raise membership fee
Natick, Mass. — BJ’s Wholesale Club plans to raise its annual membership fees by $5, to $50, and invest the increased revenues in store remodels.
The fee increase, which will start in January, is the company’s first since 2006. BJ’s said it would generate about $20 million in new revenue, including an expectation that renewals would decrease 1% to 1.5% as a result of the hike.
The Buckle net income edges up in Q3
Kearney, Neb. — The Buckle reported Thursday that net income for the third quarter was $34.4 million, compared with a profit of $33.3 million a year earlier.
Net sales increased 5.2% to $243.3 million, from net sales of $231.2 million for the prior year.
Same-store sales edged up 0.5%.
Buckle currently operates 422 retail stores in 41 states.
Supervalu moves EVP to consulting role
MINNEAPOLIS Supervalu announced that David Boehnen, EVP, is transitioning to a new role at the company effective Dec. 15. Boehnen will no longer be a Supervalu officer but will continue to consult for the company as a senior counselor to Craig Herkert, Supervalu’s chief executive officer and president, for one year.
“Dave has made many contributions to Supervalu in leading the legal function as well as real estate and corporate development that have shaped who Supervalu is today,” said Herkert. “I have personally appreciated his advice and counsel during my first 18 months with Supervalu and I look forward to continuing to work with Dave in his new capacity and sincerely thank him for his years of service.”
With Boehnen’s new role, Todd Sheldon, group vice president, legal, will be promoted to SVP and general counsel, reporting to Andy Herring, EVP real estate, market development and legal.