KOHL’S PLOTS FURTHER MARCH INTO NEW ENGLAND.
The Menomonee Falls, WI value-priced retailer, whosestore count has grown 76% since FY97 to 320 doors as of Oct. 28, intends toacquire 12 former Bradlees locations in the Boston market and three more in NJ.Financial terms of the deal, a joint agreement with Home Depot and Wal-Mart for35 former Bradlees, weren’t disclosed. The transaction is subject to severalconditions, including approval by the U.S. Bankruptcy Court for the SouthernDistrict of New York.
Kohl’s wants to close the deal by mid-May and open theremodeled ... Log in to view full article.