Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Latest Kohl’s Board Attack: Chain Hasn’t Generated ‘Same-Store Sales Growth for a Decade’

By
Macellum Advisors renewed its push for board change by naming ten nominees for election at the upcoming Kohl's annual shareholders meeting.
An empty parking outside a closed Kohl’s store is shown in Indianapolis, Thursday, April 2, 2020. More than 6.6 million Americans applied for unemployment benefits the week of March 23, far exceeding a record high set just last week, a sign that layoffs are accelerating in the midst of the coronavirus. (AP Photo/Michael Conroy)
CREDIT: AP Photo/Michael Conroy, file

When it comes to sustainability, there is no way forward without a plan. Attend our in-person “Sustainability Summit: Road to 2030” June 1 in NYC. Learn from the industry’s best and brightest, and network to create those necessary partnerships!

Register

The battle for Kohl’s board birthed a new skirmish Thursday. Activist investor Macellum Advisors fired back at the retailer’s recent dismissal of buyout offers by nominating 10 board candidates for election at the department store company’s upcoming shareholders meeting. In a letter to shareholders, Macellum Capital Management managing partner and CEO Jonathan Duskin said the…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!

Sourcing Journal is a part of Penske Media Corporation. © 2022 Sourcing Journal Media, LLC. All Rights Reserved.

ad