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The Latest Breaking News from Kohl

Stocks Edge Lower, Micron, Tesla Kohl's and Bitcoin In Focus - Five Things To Know

Stock futures edge lower following worst quarter in 50 years; Micron shares slide on grim chip sector sales forecast; Tesla shares bump as investors brace for Q2 deliveries; Kohl's shares tumble on report of cancelled takeover talks and Bitcoin tests $19,000 as global crypto markets wobble

The Street

Why Kohl's Shares Are Plunging Today

Kohl's Corp (NYSE:KSS) has called off discussions to sell its business to Franchise Group Inc (NASDAQ:FRG), CNBC reported. The decision comes at a time when there is increased volatility in the stock market and the economy as the Federal Reserve seeks to hike interest rates to contain inflation. Related: Multiple Bidders, Key Executives Departure, Mixed…

Benzinga

Why Kohl's Stock Is Down More Than 9% Today

Kohl's Corporation (NYSE: KSS) shares are trading lower following reports suggesting Franchise Group is considering lowering its bid for Kohl's from about $60 to closer to $50 per share.

Benzinga

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Franchise Group To Avail Loan From Apollo For Kohl's Buyout: New York Post

Franchise Group Inc (NASDAQ:FRG) is considering taking more than $2 billion in loan from Apollo Global Management, Inc. (NYSE:APO) to acquire Kohl’s Corp (NYSE:KSS), New York Post reported. Kohl’s board recently confirmed negotiations with Franchise Group over a $60 per share bid. The report noted Apollo is considering lending money to fund the buyout at less than three…

Benzinga

Analysis: Kohl's Downhill Road To Seeking A Buyer

The news from earlier this week that Kohl’s Corp. (NYSE: KSS) was in advanced talks to be acquired by Franchise Group Inc. (NASDAQ: FRG) marked the beginning of the end for a financially troubled

Benzinga

Kohl’s Enters Exclusive Talks to Be Sold to Vitamin Shoppe Owner

Kohl’s Corp. is in advanced talks to be sold in a deal that could value the department-store chain at roughly $8 billion.

Bangkok Post

Target Stock Plummets On Guidance; Kohl's Spikes On Takeover

Target stock sank Tuesday morning, triggering a broader landslide among retail stocks, after the retail giant downgraded its second-quarter guidance. Target (TGT) is the most recent large company announcing plans to shore-up operations in the face of worrisome economic conditions. The Minneapolis-based company slashed its Q2 operating margin forecast to…

Investors Business Daily

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Why Kohl's Stock Is Moving Higher Today

Kohl's Corp (NYSE: KSS) shares are trading higher Tuesday after the company's board announced it has entered into exclusive negotiations with Franchise Group in relation to the Group's proposal to acquire Kohl's for $60 per share.

Benzinga

Morning Brief: Top Financial Stories Dominating on Tuesday, June 7

Reuters

Benzinga

Kohl's Stock Surges On Exclusive Sale Talks With Franchise Group

"The purpose of the exclusive period is to allow FRG and its financing partners to finalize due diligence and financing arrangements," Kohl's said.

The Street

Stock Futures Lower, Kohl's, Twitter, Bitcoin and Boris in Focus - Five Things You Must Know

Stock futures edge lower as Treasury yield rise; Kohl's shares surge amid exclusive takeover talks; Twitter shares extend slide as Texas AG probes 'fake account' data; Bitcoin tumbles back below $30,000 as rate moves clip demand and Boris Johnson damaged after narrowing winning no-confidence vote.

The Street

Why Kohl's Shares Are Surging Today

Kohl's Corp (NYSE:KSS) Board of Directors has entered into exclusive negotiations with Franchise Group Inc (NASDAQ:FRG) over the potential sale. Franchise's bid of $60 per share constitutes a 42.5% premium to Kohl's closing price of $42.12 on June 6. Related: Sycamore, Franchise Group Submit Bids for Kohl's: WSJ The discussion will go on for three weeks to…

Benzinga

Soaring inflation divides spending for haves and have-nots

Americans at the low end of the income rung are once again struggling to make ends meet

The Independent UK

Sycamore, Franchise Group Submit Bids for Kohl's: WSJ

Kohl’s Corp (NYSE:KSS) has received takeover bids form from private-equity firm Sycamore Partners and retail holding company Franchise Group, Inc (NASDAQ:FRG), the Wall Street Journal reported. Sycamore proposed $50 a share, and Franchise Group offered $60 per share, the report noted, valuing the company between $7 billion - $8 billion. The bidders had previously said…

Benzinga

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Benzinga

What's Going On With Kohl's Shares Today

Bidders seeking to acquire Kohl's Corp (NYSE:KSS) are likely to make offers lower than their initial ones to reflect the market downturn, Reuters reported. The potential purchasers, including private equity firm Sycamore Partners, brand holding firm Franchise Group, J.C. Penney investors Simon Property Group, Inc. (NYSE:SPG), and Brookfield Asset Management Inc (NYSE:BAM), intend to lower their offers…

The Independent UK

Consumers defy inflation to support economy. For how long?

With prices across the economy soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending

Benzinga

Cowen & Co. Maintains Outperform Rating for Kohl's: Here's What You Need To Know

Cowen & Co. has decided to maintain its Outperform rating of Kohl's (NYSE:KSS) and lower its price target from $75.00 to $60.00. Shares of Kohl's are trading down 12.23% over the last 24 hours, at $39.53 per share.

Benzinga

Buying The Dip In Walmart & Target? Why These 3 Retail Stocks Are Better Options

The poor earnings reports from Walmart Inc (NYSE: WMT) and Target Corporation (NYSE: TGT) were shocking, Ryan Craver, founder of Commerce Canal, told Benzinga’s

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Investors Business Daily

Stock Market Rally Under Pressure As Walmart, Target Crash On Inflation Woes: Weekly Review

A newly confirmed stock market rally immediately came under heavy pressure as Walmart and Target warnings slammed the major indexes.

StockNews.com

3 Cheap Mid-Cap Stocks That Yield More Than 4%

As the inflationary environment and recession concerns could keep the overall stock market under pressure, it could be wise to bet on quality mid-cap stocks New Residential Investment (NRZ), International Game Technology (IGT), and Kohl's Corporation (KSS). These stocks yield more than 4% and are currently trading at discounts to…

Investors Business Daily

Nasdaq Briefly Reverses Higher While Dow Jones Falls; These Retail Stocks Make A Comeback

The Nasdaq briefly traded slightly higher after Wednesday's major sell-off driven by retail. A few retailers managed to recover from prior losses.

Investors Business Daily

Stock Market Trades Mixed As More Retail Earnings Reports Arrive; Cisco Plunges On Guidance

The stock market traded mixed Thursday morning as BJ's and Kohl's reported mixed earnings. Cisco stock plunged on earnings.

Benzinga

Benzinga's Daily Brief On Trending Tickers For May 19, 2022: Cisco, Kohl's And More

Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks.

Benzinga

Why Kohl's Stock Is Sliding Today

Kohl's Corp (NYSE: KSS) shares are trading lower Thursday after the company reported earnings results that were down year-over-year and cut its full-year earnings guidance.

Investors Business Daily

Dow Jones Sells Off After Stock Market Dive; Cisco Plunges 14% On Earnings

The Dow Jones Industrial Average sold off Thursday, as Cisco Systems stock plunged 12% on weak earnings results.

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