{"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":"
Kohl’s<\/span> (KSS<\/span>)<\/span> said late Monday that it had entered into a three-week exclusive negotiation period for a potential sale with Franchise Group<\/span> (FRG<\/span>)<\/span>a holding company which owns The Vitamin Shoppe and other retail brands. <\/div>\n

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

The deal would value Kohl’s at around $ 8 billion, The Wall Street Journal reported, about 5 times more than it was worth last week. <\/div>\n

Kohl’s said that during the negotiation period there were no assurances a deal would be reached. <\/p>\n

\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

What’s going on at Kohl’s?<\/h3>\n<\/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

But the entire department store sector has been in structural decline for years against pressure from Amazon, growing big-box chains that include Walmart<\/span> (WMT<\/span>)<\/span> and Target<\/span> (TGT<\/span>)<\/span> and discount clothing stores like TJMaxx. Companies such as Sears, JCPenney, Neiman Marcus, Barney’s and others have filed for bankruptcy in recent years.<\/div>\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

Kohl’s puts up a for-sale sign<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[116,18478],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/220607085814-01-kohls-store-file-restricted-super-tease.jpg","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/40659"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=40659"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/40659\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=40659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=40659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=40659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}