Several companies have recently expressed an interest in buying Kohl's Department Store:

• Considering around 75% of Kohl's sales still come from in-store retail purchases, for the purposes of this question consider them a traditional retailer. What stage of the industry life cycle is traditional retail in and justify your answer?
• Why would outside investors have an interest in buying a largely traditional retailer? Name the top two strategic reasons you believe are driving these offers to buy Kohls?