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Kohl’s J-Lo Connection Invites LBO on Discount: Real M&A

After slashing prices over the holidays, Kohl’s Corp. itself could be picked up at a 42 percent discount to its revenue.

Kohl’s fell this month to its lowest valuation relative to revenue in more than four years after the retailer cut its profit forecasts because of disappointing holiday sales and steeper-than-planned price reductions. The Menomonee Falls, Wisconsin-based company now trades at only 0.58 times sales and at a cheaper multiple to profit than any other North American department-store chain, according to data compiled by Bloomberg.