Why Kohl's (KSS) Stock Is Up Today

Shares of department store chain Kohl’s (NYSE:KSS) jumped 7.3% in the morning session after retail stocks soared in solidarity with Macy's. Reuters reported that Arkhouse Management and Brigade Capital, an investor group, made a $5.8 billion offer to take Macy's private. The proposal, submitted on December 1, 2023, values Macy's at $21 per share, representing a 20% premium from the company's closing price of over $17/share on Friday, December 8, 2023. The offer, if accepted, would involve acquir

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