Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

What Value Does Kohl’s Have?

The Death Spiral

Why is Kohl’s (KSS) selling itself?

Kohl’s management is negotiating a sale to Franchise Group, CNN reports. CNN claims Franchise Group is offering $60 a share for Kohl’s. I think the deal shows how bad the department store business is. Franchise is offering $60 a share for a company with over 1,100 stores and $19 billion in annual sales.

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