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Franchise Group considers lowering its bid for Kohl's to closer to US$50/share from about US$60/share, CNBC reports; Kohl's shares fell over 10% following report

Franchise Group is reportedly in discussions to keep Kohl's top management team, including CEO Michelle Gass, if sale is finalized; company is known to buy businesses that have operating teams in place, does not specialize in bringing in new management

Kohl’s enters into exclusive negotiations with Franchise Group for period of three weeks to discuss FRG’s proposed takeover of company at US$60.00/share; transaction subject to board approval from both companies

Kohl's plans to open Lenox, Massachusetts, store in fall; 39,000-sq-ft location will feature mini Sephora boutique, will join 25 other Kohl's outlets in the state

American Eagle Outfitters' logistics subsidiary Quiet Platforms announces partnership with Pitney Bowes to offer retailers more delivery options to optimize their supply chains; Quiet Platforms' customers include Kohl’s, Peloton, Steve Madden, Li & Fung

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