department store shares moved higher during premarket hours on monday after a wall street journal report that kohls corp kss has received a 9 billion takeover bid from activist hedge fund starboard value lp kohls shares soared nearly 34 in monday premarket trading macys inc m stock rose 84 and nordstrom inc jwn was up 73 macys has faced calls to separate its ecommerce business from brickandmortar stores department stores as a category have been under pressure dating back before covid19 as shopping habits shift macys most recent earnings blew past expectations the company is scheduled to report fourthquarter earnings on february 22 according to a factset calendar nordstroms most recent earnings report missed expectations it is expected to report fourthquarter results on march 3 kohls stock is up 37 over the past year macys has rocketed 781 and nordstrom is down 465 for the period