Kohl’s Stock Rises on Reported Takeover Bids. The Offers Show Scars of the Retail Rout.

Kohl’s stock rose Friday, as two bidders have reportedly emerged for the department store.

Private-equity firm Sycamore Partners has submitted a bid for Kohl’s (ticker: KSS) valuing it in the mid-$50 a share level, and retail operator Franchise Group (FRG) has offered around $60 a share, according to people close to the reported on Thursday.

Kohl’s,…

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