BJ's Wholesale Club files for IPO
Photo by Monika Graff/Getty Images
BJ's Wholesale Club on Thursday filed for an IPO, disclosing around $50 million in profit on $12.5 billion in revenue for its most recent fiscal year.
Why it matters: It's been a tough year for private equity-backed retailers, with some using examples like Toys "R" Us to argue that the model itself is flawed. BJ's — taken private in 2011 — could become a counter-narrative, showing that it is possible to increase both the top and bottom lines.