January 11, 2016 / 1:26 AM / 2 years ago

Kohl's exploring taking itself private: WSJ

NEW YORK (Reuters) - Beleaguered department store Kohl’s Corp (KSS.N) is said to be debating whether to take itself private, according to a source cited by the Wall Street Journal on Sunday.

Kohl’s stock is down 40 percent from its peak of $79.60 set on April 6, and its market value of $9 billion is roughly half of expected annual sales for this fiscal year.

    The Wisconsin-based chain, which has about 1,200 stores nationwide, is also debating hiring an investment bank for counsel on other options, including selling to a private equity firm.

    The publication said Kohl’s board was expected to discuss the options in more detail this week.

    Reporting by Elizabeth Dilts; Editing by Peter Cooney

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below