Executive Summary

• This week’s note “From the Desk of Deborah Weinswig” discusses the recent announcement by Kohl’s that it plans to carve out space from some of its stores to lease to grocery discounter Aldi.
• The Nordstrom family made an opening offer to take publicly traded Nordstrom private, but it was not enough, according to a committee representing the board.
• In February, UK total retail sales grew by 1.6%, a rate slightly higher than January’s. Comparable sales grew by 0.6%, in line with the rise in January.
• China’s biggest overseas-traded technology companies, from search giant Baidu to Sogou, are investigating ways to float shares on Chinese exchanges as Beijing encourages its largest corporations to bring their listings home.