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BOSTON (AP) - BJ's Wholesale Club Inc.'s profit fell 11 percent in the first full quarter since a leadership change returned Herb Zarkin to the retail warehouse club's top job.
Despite the lower profit, Zarkin said he expects his efforts to revamp merchandise and pricing at Natick-based BJ's to yield improved earnings by late this year.
Net income for the three-month period ended May 5 declined to $13.7 million, or 21 cents per share, from $15.4 million, or 23 cents per share, a year ago.
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