She partnered with Amazon to allow shoppers to use Coles stores to return items purchased at online retail stores. The Sephora shop will open in 200 Coles stores and plans to expand to more than 800 locations. Still, the move has not improved Cole’s business enough to satisfy some shareholders. Sycamore Partners, a retail-focused private equity firm, has shown interest in the past and is considering bidding, but Oak Street Real Estate Capital LLC said it could trade Cole’s real estate. Neil Saunders, Managing Director of Global Data Retail, said: For example, Sanders estimates that Cole’s real estate is worth $ 3 billion.

Source: Wall Street Journal January 23, 2022 19:40 UTC