“I don’t see how Franchise Group can add a lot of value to Kohl’s business and the financing approach is concerning,” says Mark Ryski, CEO of HeadCount Corporation. “I understand that Kohl’s management needs to review every bona fide offer, but it seems to me that there are other opportunities for Kohl’s that present a more encouraging outcome. And notwithstanding poorer sales results, Kohl’s is not a distressed retailer and they don’t need to do a deal — they can bide their time for better/different offers.”