Kohl's Corp. (KSS) said it strongly believes that the election of the Activists' nominees would disrupt the company's momentum and would not benefit shareholders over the long term. Kohl's Corp. recommended that the company's shareholders vote for all of Kohl's director nominees.
"We have thoroughly evaluated each of the Activists' areas of focus and found that we are already addressing the vast majority of them through previously announced initiatives," the company stated.
Kohl's shareholders of record as of the close of business on March 24, 2021 will be entitled to vote at the Annual Meeting.
Kohl's Corp. said it is on track to expand operating margin to 7% to 8% by 2023 through both gross margin expansion and lowering SG&A expense rate. The company plans to reduce SG&A expense rate to approximately 27% to 28% of revenue by 2023.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.