Deals
BJ's Wholesale CEO Promises Sales Growth Will Come After IPO
- Baldwin says BJ’s wasn’t as focused on top line when private
- Investors show faith as stock surges as much as 30% on 1st day
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BJ’s Wholesale Club Holdings Inc. decided to go public without a proven track record of growth. But investors shouldn’t worry because now the retailer is focused on boosting the top line, its chief executive officer says.
“We took full advantage of being private, and over the last couple of years we’ve reset our revenue base,” Chris Baldwin said in an interview. “We’re really encouraged by our progress.”