Kohl's Recommends Shareholders To Vote For Its Director Nominees - Quick Facts

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.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Longmont Colorado -based Royal Crest Dairy is recalling 2% Chocolate Milk citing the potential to be contaminated with undeclared egg, a known allergen, the U.S. Food and Drug Administration said. The recall involves Farmer's 2% Reduced Fat Chocolate Milk Pints with the code date of AUG-22. ANI Pharmaceuticals, Inc. (ANIP) Monday announced a wider loss for the second quarter, despite a 52 percent surge in revenues. For the full year 2022, the company reiterated the adjusted earnings per share range, revenue guidance and raised Cortrophin revenue outlook. The company reported a quarterly... Shares of BioNTech SE were losing around 4 percent in the morning trading in Germany and around 5 percent in the pre-market activity on Nasdaq after the German Covid-19 vaccine maker reported sharp drop in profit and revenues for the second quarter. However, the company recorded strong growth in first-half results. Further, the company maintained BioNTech COVID-19 vaccine revenue guidance
Follow RTT