NEW YORK Rumors have surfaced that wholesaler BJ's is looking to sell.
The news first was reported by the New York Post, which cited a source close to the matter. The report said that BJ's is looking to hire an adviser to aid its business-making decisions, including a possible sale to a private equity, naming Los Angeles-based firm Leonard Green & Partners as its likely buyer.
BJ's will announce its financial earnings for the third quarter, which ended Oct. 30, on Nov. 17. As of Oct. 30, BJ's Wholesale Club operated 190 warehouse clubs in 15 states.