Kohl's sale falls apart in shaky retail environment – Chicago Tribune
It was the second time this week that a major retailer retreated from a potential sale due to worsening economic conditions.
Source: chicagotribune.com
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It was the second time this week that a major retailer retreated from a potential sale due to worsening economic conditions.
Kohl's entered exclusive talks early this month with Franchise Group, the owner of Vitamin Shop and other retail outlets, for a deal potentially worth about $8 billion.
The potential sale of the Kohl's department store chain has fallen apart in a shaky retail environment of rising inflation and consumer anxiety.