Investor Group Nominates Nine Candidates For Election To Kohl's Board

An Investor Group, which owns about 9.5% of Kohl's (KSS) outstanding common stock, announced the nomination of nine independent candidates for election to the company's board at the 2021 annual meeting of shareholders.

The Investor Group believes that the company has the potential to generate more than $10 in annual earnings per share within the next few years.

But, the Investor Group believes poor retail strategy and execution have led to stagnant sales, declining operating margins, a 44% drop in operating profits between 2011 and 2019 and a chronically underperforming stock price.

The Group views current board as deeply entrenched with insufficient retail expertise and sees directors' lack of meaningful stock ownership as an impediment to serving shareholder interests.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Apple Inc. is planning to hold a launch event on September 7 to unveil its latest iPhone 14 line, Bloomberg reported citing people with knowledge of the matter. The tech major is also expected to roll out its latest version of three Apple Watch models including Series 8. The new products, which also include multiple new versions of Macs, and low and high-end iPads, are likely to reach stores... Home improvement retailer Lowe's Cos., Inc. reported Wednesday an increase in earnings per share for the second quarter that also topped analysts' estimates. However, quarterly sales edged down and missed expectations. The company also reaffirmed its guidance range for the full-year 2022. While reporting financial results for the second quarter on Wednesday, off-price retailer TJX Companies, Inc. (TJX) provided financial outlook for the third and the fourth quarters as well as slashed its guidance for the full-year 2023. For the third quarter, the company projects earnings in a range...
Follow RTT