{"id":40659,"date":"2022-06-07T17:33:01","date_gmt":"2022-06-07T17:33:01","guid":{"rendered":"https:\/\/harchi90.com\/kohls-puts-up-a-for-sale-sign\/"},"modified":"2022-06-07T17:33:01","modified_gmt":"2022-06-07T17:33:01","slug":"kohls-puts-up-a-for-sale-sign","status":"publish","type":"post","link":"https:\/\/harchi90.com\/kohls-puts-up-a-for-sale-sign\/","title":{"rendered":"Kohl’s puts up a for-sale sign"},"content":{"rendered":"
Franchise Group has proposed to buy Kohl’s for $ 60 a share. Kohl’s stock closed at $ 42.12 on Monday and rose 10% during early trading Tuesday on the news.<\/p>\n
Kohl’s said that during the negotiation period there were no assurances a deal would be reached. <\/p>\n
The department store has drawn the attention of an activist investor and an array of bidders. A sale would end a grinding, year-long saga between Kohl’s and some Wall Street investors over the company’s future.<\/p>\n
With more than 1,100 US stores and around $ 19 billion in annual sales, Kohl’s is the largest department store chain in the United States.<\/p>\n
Department stores including Kohl’s have been undercut on prices by discount players from the bottom, and prestige by luxury stores at the top.<\/p>\n
The company has attempted a handful of approaches to draw in customers and stave off competitors, but the strategies have not led to major improvements at Kohl’s.<\/p>\n<\/div>\n
.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kohl’s (KSS) said late Monday that it had entered into a three-week exclusive negotiation period for a potential sale with Franchise Group (FRG)a holding company which owns The Vitamin Shoppe and other retail brands. Franchise Group has proposed to buy Kohl’s for $ 60 a share. Kohl’s stock closed at $ 42.12 on Monday and …<\/p>\n