Kohl’s Corp., in its latest response in the battle with activist investor Macellum Advisors, issued a letter to shareholders touting the qualifications of the retailer’s current board members. In response to Macellum complaints about the actions of the...
As part of its ongoing struggle with an activist investor, Kohl’s Corp. has sent a letter to shareholders asking for their votes to return its current board of directors and reject that proposed by Macellum Advisors. The letter detailed steps taken by the board of...
After a period of contention with an activist investor, Kohl’s posted earnings gains that beat a Wall Street estimate even if the company fell short of revenues expectations, with macro issues hitting the top line. Net income for the quarter was $299 million, or $2.20...
Kohl’s made big gains in its third quarter, declared its Sephora shop roll out a success and worked to deal with supply-chain challenges. Kohl’s net income was $243 million, or $1.65 per diluted share, versus a net loss of $12 million, or eight cents per diluted...
The National Retail Federation has announced that Target board chairman and CEO Brian Cornell will receive The Visionary award, which it grants each year to an outstanding retail industry leader. NRF will make the award presentation during the seventh annual NRF...
