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BJ's Wholesale Club To Cut 61 Jobs At Natick Headquarters

BJ’s Wholesale Club is cutting 61 jobs at its Massachusetts headquarters as part of a larger downsizing.

The Natick-based discount retailer is closing five stores this month, all of them in southern states. The jobs at those stores make up most of the 500 jobs that BJ’s said it will eliminate.

CEO Laura Sen said those stores were under-performing. But industry analysts said the move is more than just tightening the belt. The discount retailer has been courting potential bidders, apparently a private equity firm that could help BJ’s expand into more markets across the country.

Improving the bottom line can boost the sale price for the Natick company, as well as convince the new owner that current management can do the job.

This program aired on January 5, 2011. The audio for this program is not available.

Curt Nickisch Twitter Business & Technology Reporter
Curt Nickisch was formerly WBUR's business and technology reporter.

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