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Good news for retailers in ICSC’s back-to-school shopping survey
New York -- There was good news for retailers in the International Council of Shopping Centers’ annual BTS (Back-to-School) Consumer Spending Survey.
The survey revealed that the share of consumers expecting to spend more this year increased significantly year-over-year to 67%, compared to 50% of shoppers in 2014 and 39% who expected to increase spending in 2013.
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Kohl’s ups cash tender offer
Menomonee Falls, Wis. - Kohl’s Corp. has increased the maximum amount of a previously announced cash tender offer for several debt notes coming due between 2017 and 2033 from $60 million to about $737.04 million. The new tender offer is subject to the same terms and conditions made in an original offer to purchase dated June 29, 2015.
Settlement of notes that have been tendered and accepted for purchase by Kohl’s is expected to take place July 17, 2015. The tender offer expires July 27, 2015.
