by Mike Duff | Mar 22, 2022 | Featured News, Retail Articles
In its ongoing fight with activist investor Macellum Advisors, Kohl’s Corp. has issued a statement saying it has engaged with firms interested in purchasing the company, but, in a separate letter, that it would oppose any replacement of its board in a proxy fight....
by Mike Duff | Mar 16, 2022 | Home + Housewares, Retail Articles
Activist investor Mill Road Capital Management has issued a letter to shareholders of Big Lots urging a sale of the company. Hill Capital Management, which has purchased 5.1% of Big Lots stock, revealed in a March 15 filing with the United States Securities and...
by Mike Duff | Mar 10, 2022 | Retail Articles
As it works to set a growth path while dealing with activist investors, Kohl’s Corp. plans to open 100 new stores, many in smaller markets and using a smaller footprint operation. Jill Timm, the company’s CFO, speaking at the Kohl’s Investor’s Day conference, said it...
by Mike Duff | Mar 1, 2022 | Retail Articles
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...
by Mike Duff | Feb 16, 2022 | Retail Articles
Kohl’s revealed the next 400 of its stores that will add Sephora operations this year. The locations will span 36 states from Alaska to Maine. The concentration of Sephora adds is particularly high in California and the northeastern quarter of the country, with 18 in...
