Activist investors try to take control of Kohl's board: WSJ

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Health Health Headlines News

Activist investors are reportedly trying to take control of Kohl's board, after the chain lost $500 million in 9 months

The investors want Kohl's to add directors with retail experience and reduce inventory, sources said.Visit the Business section of Insider for more storiesA group of activist investors with about 9.

They are also asking Kohl's to consider a sale-leaseback of some of its more than $7 billion in non-core real estate, the Journal said, citing people familiar with the matter and a letter viewed by the outlet, which the group plans to send to shareholders.The group also is calling on Kohl's to reduce inventory levels while making discounts and promotions easier for customers to follow, the newspaper added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

How long before WallStreetBets discovers this stock?

Investing today will save you the stress of financial crisis tomorrow.. Live the kind of life you want today by investing and trading Bitcoin option. Trade with a professional trader and start making good profits today. lisaMakT for transparency and trust.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in HEALTH

Health Health Latest News, Health Health Headlines