BJ's Wholesale Club, Inc. said it is considering putting the company up for sale. The Westborough, Mass.-based warehouse club chain said in a statement that it is exploring "strategic alternatives,
including the possible sale of the company." The company said it has hired Morgan Stanley to orchestrate.
The chain, which competes with Costco and Wal-Mart's Sam's Club, said last
month it would close five stores, cut 500 jobs, and shuffle senior management. The company had some good news, reporting January sales up by 6.5% to $779.8 million, compared with a year ago.
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