Kohl's Corporation says e-commerce business is booming, and Roundy's is looking to borrow about $800 million to refinance its debts.
Kohl's, the Menomonee Falls based company, plans to build a new distribution center in Texas, just to keep up with the sales pace. This will be Kohl's fourth e-commerce distribution center. E-commerce sales grew by more than 50 percent for Kohl's in 2010, and the company expects to reach $1 billion in online sales this fiscal year.
Kohl's fiscal year ends at the end of January.
Bloomberg Businessweek reports sources say Roundy's is seeking a $675 million term loan due in seven years and a $124 million five-year revolving line of credit to refinance its debts. Roundy's is the parent company of Pick 'N Save and Metro Market stores.
The company also anounced plans in December to launch an IPO to raise $230 million to pay down somem debt.