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Kohl’s, Franchise Group Enter Exclusive Negotiation Period at $8 Billion Purchase Price

Retail TouchPoints

The exclusive period was set to allow Franchise Group and its financing partners to finalize their due diligence and financing arrangements before the parties enter into a binding agreement. Franchise Group has offered to acquire the retailer for $60 per share , which would value the company at approximately $8 billion.

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Macy’s Names Gennette’s Successor as CEO Plans 2024 Retirement

Retail TouchPoints

Mitchell will lead the stores, technology and supply chain teams in addition to his current real estate and finance responsibilities. Prior to joining Macy’s, Mitchell advised retailers as a Managing Director and Partner at Boston Consulting Group and was CEO of home furnishings retailer Arhaus LLC.

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Retail sales show ‘off the chart’ gains vs. 2020

Mass Relators

demonstrates that household finances remain strong, and the economic recovery will likely continue to gain steam as we head into the summer months. Specifics from key retail sectors include: Clothing and clothing accessory stores were down 5.1% Furniture and home furnishings stores were down 0.7% year-over-year.