shopping malls

Kohl’s real estate sale on the table after deal talks fall apart

People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Kohl’s might not be selling its business after all. But it’s now looking to sell some of its real estate, reversing its prior stance. The retailer on Friday announced it terminated deal talks with The …

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Kohl’s terminates sale talks with Vitamin Shoppe owner Franchise Group: Sources

A Kohl’s store in San Rafael, Calif. Getty Images Kohl’s is terminating talks to sell its business to The Vitamin Shoppe owner Franchise Group, two people familiar with the matter told CNBC on Thursday. The people requested anonymity because a decision from Kohl’s has not been publicly announced. Representatives from Kohl’s and Franchise Group didn’t …

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Ex-Apple exec Ron Johnson’s Enjoy Technology files for bankruptcy

Ron Johnson during a panel discussion at the CNBC Evolve New York event on June 19, 2019. Astrid Stawiarz | CNBC Enjoy Technology, a retail startup founded by former Apple and JC Penney exec Ron Johnson, filed for Chapter 11 bankruptcy protection on Thursday, mere months after it made its stock market debut. The company’s …

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Why the retail industry is facing a bankruptcy wave

Revlon makeup products are displayed at a CVS store on August 9, 2018 in Sausalito, California. Justin Sullivan | Getty Images The retail industry is up against a potential wave of bankruptcies following a monthslong slowdown in restructuring activity. There could be an increase in distressed retailers beginning later this year, experts say, as ballooning …

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Franchise Group considers lowering Kohl’s bid closer to $50 a share from $60

People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Kohl’s announced that it has entered into exclusive negotiations with Franchise Group, which is proposing to buy the retailer for $60 per share. Joe Raedle | Getty Images The retail holding company Franchise Group is weighing lowering its bid for …

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Prologis, major Amazon warehouse landlord, to buy Duke Realty for $26 billion

Signage outside a Prologis warehouse occupied by Kuehne + Nagel in Redlands, California, US, on Sunday, Nov. 7, 2021. Fallout from the global supply-chain crisis is clogging US ports, pushing warehouses to capacity and forcing logistics managers to scramble for space. Roger Kisby | Bloomberg | Getty Images Warehouse giant Prologis said Monday that it …

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Why Franchise Group wants to buy Kohl’s and what could happen next

Shoppers enter a Kohl’s store in Peoria, Illinois. Daniel Acker | Bloomberg | Getty Images A little-known conglomerate of companies including the Vitamin Shoppe, Pet Supplies Plus and a home furnishing chain called Buddy’s is suddenly the talk of the retail industry. Franchise Group, a publicly traded business with a market capitalization of about $1.6 …

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Kohl’s enters exclusive sale talks with Franchise Group

The Kohl’s logo is displayed on the exterior of a Kohl’s store on January 24, 2022 in San Rafael, California. Justin Sullivan | Getty Images Kohl’s said that it has entered into exclusive Mondays with retail holding company Franchise Group, which is proposing to buy the retailer for $60 per share. Such a price tag …

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Kohl’s sale negotiations could drag on for weeks, possibly longer

The drawn-out bidding process for Kohl’s doesn’t appear to be coming to an end any time soon. It could take several weeks, if not longer, for a deal to come together, a person familiar with the situation told CNBC. The dialogue has been particularly lengthy because of the difficulty in securing financing in uncertain market …

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Lululemon (LULU) Q1 2022 earnings beat estimates

Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Thai | SOPA Images | LightRocket | Getty Images Lululemon on Thursday reported fiscal-first quarter profit and revenue that outpaced Wall Street’s expectations, boosted by growth online and in the retailer’s men’s division. The athletic apparel retailer also raised its financial outlook for …

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