Wendy future of retail top

Report: Amazon eyeing BJ’s Wholesale Club

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Amazon has sure fed the acquisition rumor mill recently. The latest scuttlebutt: The online retail giant is taking a look at BJ’s Wholesale Club.

BJs Wholesale Club storefront_featuredThe New York Post has reported that privately held BJ’s is putting itself on the block after its ownership determined that an IPO was ill-timed. Citing anonymous sources, the Post article said Amazon has shown “modest internal interest” in a potential purchase of BJ’s.

And to think it wasn’t even six years ago that BJ’s private-equity owners, Leonard Green & Partners and CVC Capital Partners, took the chain private in a $2.8 billion buyout.

The buzz about BJ’s came on the heels of news that Amazon had considered making a bid for Whole Foods Market. Bloomberg reported that Amazon mulled an acquisition of Whole Foods last fall but decided not to pursue it.

Still, it looks like the speculation around Whole Foods isn’t over. “Though Whole Foods has long been seen as a buyout target, activist investor Jana Partners LLC set off a new wave of speculation this week when it acquired a stake and urged the company to evaluate a sale,” the Bloomberg article said.

In any event, it appears that Amazon’s incursion into the brick-and-mortar retail space isn’t likely to subside.


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