Department store Kohl's has stepped off the sales block due to economics and the fact it still has enough money to keep operating.
The news comes just about a month after Kohl's announced it was in talks with
"Despite a concerted effort on both sides, the current financing and retail environment created significant obstacles to reaching an acceptable and fully executable agreement,"
In April there was a report that
The not-for-sale move by Kohl's came as no surprise to one industry analyst.
"Kohl's management never really wanted to sell the business, favoring instead to follow their own strategic plans,"
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