Kohl’s said final and fully financed bids from potential buyers are expected in the coming weeks.
CEO Michelle Gass said Kohl’s has been “pleased with the number of parties who recognize the value of our business and plan.”
The company also posted a massive earnings miss for its fiscal first quarter and slashed its profit and sales outlook for the year.
Kohl’s on Thursday said final and fully financed bids from potential buyers are expected in the coming weeks, as the retailer faces heightened pressure from activists to sell.
Chief Executive Officer Michelle Gass said Kohl’s has been “pleased with the number of parties who recognize the value of our business and plan.”
Source: CNBC
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