REAL ESTATE

BJ’s Warehouse opens 200th store

BY Staff Writer

Westborough, Mass. — BJ’s Membership Club said it has opened its 200th club, located in Fayetteville, N.C.

Grand opening celebrations will take place on June 22 and 23.

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News

BJ’s marks 200th club opening

BY CSA STAFF

WESTBOROUGH, Mass. — BJ’s Membership Club is celebrating its 200th store opening with its latest location at 5200 Red Tip Road in Fayetteville, N.C. The club will feature a fresh bakery, BJ’s Cafe, deli, optical services, rotisserie chicken, tire center, gas station and Verizon Wireless Kiosk.

In recognition of the 200th store opening, BJ’s will host grand opening celebrations from Friday, June 21 through Sunday, June 23. The events will be open to members as well as the public. BJ’s will have a variety of foods and beverages for people to sample, Kellogg’s Tony the Tiger and Toucan Sam will be on hand, as will balloon artists and face painters. BJ’s will also give away reusable shopping bags while supplies last and provide information about the club’s selection of organic and all-natural foods.

"An important part of our company is giving back, and BJ’s takes great pride in being a good corporate citizen and supporting the communities in which we live and work," said Fayetteville GM Jerry Bullock. "We take our responsibility to our new neighbors, who make up this great city, very seriously and look forward to becoming part of the fabric of Fayetteville."

The new club has also partnered with the VanStory Hills Elementary School as part of BJ’s Adopt-a-School program. The school will receive a $1,000 donation to enhance educational programs and curriculum objectives, a shopping cart full of items from the school’s wish list valued at $1,500 and a free membership.

Additionally BJ’s has joined with Feeding America to provide wholesome and nutritious unsold food to food banks throughout the company’s 15-state footprint. The Fayetteville Club will donate its unsold food to the Second Harvest Food Bank of Southeast North Carolina, and to kick off the relationship, BJ’s is presenting the food bank with a $2,500 donation.

BJ’s also is providing $2,500 gift card to the USO of Fayetteville to help support the Airport Travel Center, which every month serves more than 3,000 troops and families who are leaving or arriving to the area.

Lastly, BJ’s is donating $2,500 to the Junior League of Fayetteville to sponsor the league’s annual fundraiser — the Holly Day Fair. The funds raised by the event supports the league’s child mental health programs.

The Fayetteville Club joins eight other BJ’s Clubs throughout N.C. The club will open Monday through Saturday, 9 a.m.-10 p.m. and Sunday, 9 a.m.-8 p.m.

BJ’s operates 200 warehouse clubs and 113 gas stations in 15 eastern states.

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FINANCE

Toys ‘R’ Us problems mount as Q1 loss widens to $111 million

BY Marianne Wilson

Wayne, N.J. — Toys "R" Us reported a loss of $111 million for the first quarter, compared with a year-earlier loss of $60 million. It was the struggling chain’s worst quarter in a decade.

Net sales for the quarter, ended May 4, declined 7.8% to $2.4 billion. Same-store sales were down 8.4% domestically and fell 5.8% internationally.

In a statement, Antonio Urcelay, interim CEO, blamed the weak sales on "the ongoing challenges of the global economic environment and the prolonged cool weather conditions around the world," which hurt sales of outdoor toys.

Additionally, the continued weakness in the electronics and entertainment category negatively affected revenues," he said.

Urcelay, who is head of the company’s European operations, was named interim CEO in May, replacing Gerald Storch, who stepped down in February.

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