After saying terminating buyout talks with Franchise Group (FRG) and deciding to continue to operate as a standalone public company, Kohl's Corporation (NYSE:KSS) is now looking to sell some of its real estate, reversing its prior stance, Lauren Thomas of CNBC reports. "Now you've got an environment where financing has changed so much that it may in fact be more attractive to use real estate as a monetization vehicle," Peter Boneparth, chair of Kohl's board, told CNBC in a phone interview. "When you combine that with what we think the levels of the stock are, it becomes a much different exercise than it was in a previous financing environment," he explained.

"It's no secret that Kohl's has a very big asset on the balance sheet: Real estate".