Canadian department store chain Hudson's Bay Co. is the likely front-runner in a bidding war for budget department store Kohl's, a source familiar with the matter told The Post.
Franchise Group, owner and operator of retail stores such as The Vitamin Shoppe and Buddy's Home Furnishings, has entered the race for Kohl's with a $9 billion indicative offer.
In a surprise executive shuffle, Kohl's chief executive Michelle Gass will leave the department store chain to become the CEO-in-waiting at Levi Strauss.
Two Colorado men convicted of felony theft for stealing over $2,000 worth of clothes, shoes and appliances from a Kohl's department store argued in court for a lesser charge because the items they stole were on sale.
Kohl's has faced significant challenges in recent months during which it has seen leadership changes amid dismal earnings reports and economic headwinds.