$KSS Sale Fails → Apparel Crash Continues

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Ever wonder what it’s like behind the scenes of a hedge fund? Hedgeye pulls back the curtain with a deep-dive in our stock picking process with The Call @ Hedgeye. Weekdays at 7:45 AM ET. Follow this link for more info: https://info.hedgeye.com/l/764243/2021-09-13/jj9tdl Today on The Call @ Hedgeye, Retail analyst Jeremy McLean recaps recent headlines on Kohl’s (KSS), which saw a 19.6% decline on Friday, July 1st. An expected deal between Kohl’s and Franchise Group (FRG) was not reached during the strategic review process, leading to the stock falling further. “There is not going to be a sale of the company… big win for us on saying that wasn’t going to happen and sticking with the short despite the multiple news articles saying that the company was going to be bought by multiple bidders,” says McLean. “We still think short apparel is one of the better places to be in the back half given what’s going on with inventories. So, Kohl’s moving lower, but we still think its net on the short side here even after the fall of the stock.” For info on subscribing to Retail Pro: https://info.hedgeye.com/l/764243/2022-02-03/trbh6f (This clip is a small taste of what our subscribers get each day on The Call @ Hedgeye. In a nutshell, The Call is our morning research call hosted by Hedgeye CEO Keith McCullough with our 40+ analyst research team. It helps small and large investors alike make better decisions via unique and investable stock/sector updates.) For more FREE investing videos: https://info.hedgeye.com/l/764243/2021-08-11/h1lpc3 Get access to Hedgeye’s FREE Market Brief newsletter: https://hedgeye.com/marketbrief

Ever wonder what it’s like behind the scenes of a hedge fund? Hedgeye pulls back the curtain with a deep-dive in our stock picking process with The Call @ Hedgeye. Weekdays at 7:45 AM ET. Follow this link for more info: https://info.hedgeye.com/l/764243/2021-09-13/jj9tdl Today on The Call @ Hedgeye, Retail analyst Jeremy McLean recaps recent headlines on Kohl’s (KSS), which saw a 19.6% decline on Friday, July 1st. An expected deal between Kohl’s and Franchise Group (FRG) was not reached during the strategic review process, leading to the stock falling further. “There is not going to be a sale of the company… big win for us on saying that wasn’t going to happen and sticking with the short despite the multiple news articles saying that the company was going to be bought by multiple bidders,” says McLean. “We still think short apparel is one of the better places to be in the back half given what’s going on with inventories. So, Kohl’s moving lower, but we still think its net on the short side here even after the fall of the stock.” For info on subscribing to Retail Pro: https://info.hedgeye.com/l/764243/2022-02-03/trbh6f (This clip is a small taste of what our subscribers get each day on The Call @ Hedgeye. In a nutshell, The Call is our morning research call hosted by Hedgeye CEO Keith McCullough with our 40+ analyst research team. It helps small and large investors alike make better decisions via unique and investable stock/sector updates.) For more FREE investing videos: https://info.hedgeye.com/l/764243/2021-08-11/h1lpc3 Get access to Hedgeye’s FREE Market Brief newsletter: https://hedgeye.com/marketbrief

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