Re: JC Penney Makes Offer to Buy Kohl’s

LindaSal · ‎05-15-2014

I used to love JC Penny when I used to shop in stores. I haven't been to a mall in years and the only stores I go into now is the grocery store or the pharmacy. Our JC Penny was great way back when. They always had nice merchandise and clothing, IMO. I never really shopped a lot at Kohl's, no specific reason, just never really got into it. I did buy some really nice embroidered placemats there once though, I still have them.

tototwo · ‎03-09-2010

Most of you won't agree, but I think QVC sells cheap junk any more. I'd rather shop at our Kohl's so I can inspect every item before I buy it. I've found lots of high quality housewares, clothing, etc, at Kohl's. Our JCP is a ghost town, few products and staff. Do I want JCP to buy Kohl's.... Absolutely not!

* A woman is like a tea bag. You can't tell how strong she is until you put her in hot water. *
- Eleanor Roosevelt

depglass · ‎03-10-2010

All these sellers care about is making a profit on their shares. They don't care if they are dooming the company. This goes on all the time, not just in retail.

Nataliesgramma · ‎03-28-2015

I used to buy all my drapes...bedding and rugs from JCP.

I like Kohl's too, but I order online most of the time...

Duckncover · ‎07-16-2021

Simon Properties is what manages the outlet centers in many areas....the ones with luxury brands, so they know what they are doing. JCP was rescued from bankruptcy. Sephora used to be in JCP but guess they are looking for a new place. I shop JCP online since all of their stores near me have closed, except for one 30 miles away. There is a Kohls not far from me but the few times I have been in there I saw nothing but really cheap merchandise, especially the clothing....years ago I bought lots of clothes there....the quality of their merchandise has really gone downhill. The only reason JCP closed here was the malls where they were all closed down, so we lost Dillards, Macys, and other department stores, they are still on two malls that have survived. A few have rebuilt in areas north of here, but they are condensed versions of their former stores and not really worth the trip due to such poor selections.
We have a freestanding Belk several miles away and I enjoy shopping there when out that way....I mostly shop Belk online.

Still Raining · ‎03-30-2014

Here's one theory - the mall operators who now own Pennys will shut down all Kohls that are free standing, and move the brand into their malls.

Sell or lease the vacant stores and get rent from a new tenant.

Duckncover · ‎07-16-2021

The entire Kohls cash and other stuff they do seems really pointless si ce they hike the prices anyway. Coupons are like smoke and mirrors now in most places. I do find the online coupons at Belk actually save me money whenI place an order and their chipping is free as long as you have a beauty product in your order. I add an eye pencil or small bath gel or lotion to avoid shipping charge.

Cakers3 · ‎06-17-2015

@Mz iMac wrote:
The OP topic is misleading........

According to the article in part:
The owners of department store giant JCPenney have reportedly made a multibillion-dollar offer to acquire one of the chain's biggest rivals - Kohl's - two years after filing for bankruptcy and shutting down nearly a third of its stores.
The proposal from Simon Property and Canada-based Brookfield Asset Management - which together scooped the shopping mall stalwart out of bankruptcy in December 2020 to the tune of $1.5 billion - offers to buy the store at $68 a share, bringing the total value of the deal to $8.6 billion.
A source reportedly told The New York Post, the first to break the story, that the owners plan to maintain the identity of the two competing brands while streamlining operations and cutting costs by roughly $1 billion over the next three years.

The two chains would reportedly be run by a single management team during the initial stages of the merger, the source said. The companies also would have all of their in-house apparel manufactured by the same label.
If successful, the new business would nix previous plans to roll out Sephora stands inside its 689 Kohl’s stores, the insider revealed.

Simon Property Group and Brookfield Asset Management bought JCPenney after store brass filed for Chapter 11 in May 2020. The chain closed down nearly 200 locations across the US during the initial months of the pandemic.

Kohl's, meanwhile, has reportedly been engaged in talks with more than 20 prospective buyers about a potential sale, with company brass saying the firm is authorized to coordinate with select bidders.
The retailer said in February that it rejected all takeover offers received at that point, citing the bids as too low - including a $64-a-share offer from Acacia Research Corp., which is backed by hedge fund Starboard Value LP.
The fund has held positions in notable brands like Smithfield Foods, Yahoo, Brink's Home Security, Macy's, and Papa John's Pizza.

J.C. Penny is NOT buying or making offers to anybody!

@Mz iMac Thank you for this info.

@4kitties It would be better if you read this post-your headline is not accurate.

"" Compassion is a verb."-Thich Nhat Hanh

Nannerbelles · ‎03-10-2010

Our Kohl's has Sephora and Amazon returns as well. They are now offering other brands such as Lands End, Eddie Bauer and several others. I hope JC Penney doesn't take over Kohl's. I used to love shopping at JCP but ours closed and Kohl's, Target and Wal Mart are the only game in town. If Kohl's left I'd have to drive a half hour to go shopping. We had an awesome mall back in the the day that is now a shell of it's former self. Sure do miss the good old shopping days!

It is what it is!!!