{"id":127681,"date":"2022-06-07T18:03:17","date_gmt":"2022-06-07T18:03:17","guid":{"rendered":"https:\/\/fin2me.com\/?p=127681"},"modified":"2022-06-07T18:03:17","modified_gmt":"2022-06-07T18:03:17","slug":"investment-strategist-retailers-are-talking-about-unwanted-inventory-levels","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/investment-strategist-retailers-are-talking-about-unwanted-inventory-levels\/","title":{"rendered":"Investment strategist: Retailers are talking about &#39;unwanted inventory levels&#39;"},"content":{"rendered":"<p><cite>New York (CNN Business)<\/cite>Kohl&#8217;s may soon have a new owner.<\/p>\n<p><span>Kohl&#8217;s<\/span> <span>(<span>KSS<\/span>)<\/span> said late Monday that it had entered into a three-week exclusive negotiation period for a potential sale with <span>Franchise Group<\/span> <span>(<span>FRG<\/span>)<\/span>, a holding company which owns The Vitamin Shoppe and other retail brands.<br \/>\nFranchise Group has proposed to buy Kohl&#8217;s for $60 a share. Kohl&#8217;s stock closed at $42.12 on Monday and rose 10% during early trading Tuesday on the news.<\/p>\n<ul><\/ul>\n<p>The deal would value Kohl&#8217;s at around $8 billion, The Wall Street Journal reported, about 5 times more than it was worth last week. <\/p>\n<ul><\/ul>\n<p>Kohl&#8217;s said that during the negotiation period there were no assurances a deal would be reached. <\/p>\n<p>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&#8217;s and some Wall Street investors over the company&#8217;s future.<\/p>\n<h3>What&#8217;s going on at Kohl&#8217;s?<\/h3>\n<ul><\/ul>\n<p>With more than 1,100 US stores and around $19 billion in annual sales, Kohl&#8217;s is the largest department store chain in the United States.<br \/>\nBut the entire department store sector has been in structural decline for years against pressure from Amazon, growing big-box chains that include <span>Walmart<\/span> <span>(<span>WMT<\/span>)<\/span> and <span>Target<\/span> <span>(<span>TGT<\/span>)<\/span> and discount clothing stores like TJMaxx. Companies such as Sears, JCPenney, Neiman Marcus, Barney&#8217;s and others have filed for bankruptcy in recent years.<\/p>\n<ul><\/ul>\n<p>Department stores including Kohl&#8217;s have been undercut on prices by discount players from the bottom, and prestige by luxury stores at the top.<br \/>\nThe 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&#8217;s.<br \/>\nSource: <a href=\"https:\/\/edition.cnn.com\/2022\/06\/07\/business\/kohls-franchise-group-offer\/index.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (CNN Business)Kohl&#8217;s may soon have a new owner. Kohl&#8217;s (KSS) said late Monday that it had entered into a three-week exclusive negotiation period [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":127680,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Investment strategist: Retailers are talking about &#039;unwanted inventory levels&#039; - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/business\/investment-strategist-retailers-are-talking-about-unwanted-inventory-levels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investment strategist: Retailers are talking about &#039;unwanted inventory levels&#039; - Fin2me\" \/>\n<meta property=\"og:description\" content=\"New York (CNN Business)Kohl&#8217;s may soon have a new owner. 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