Macellum Advisors GP, LLC, which holds nearly 5% of the outstanding common shares of Kohl's Corporation (KSS), said it intends to nominate a slate of independent candidates for election at the 2022 Annual Meeting of Shareholders unless the Board decides to collaborate with Macellum on a director refresh and promptly implement changes to improve operational execution and optimize the balance sheet.
Macellum noted that the Board of Kohl's appears unwilling to address the drivers of long-term underperformance. If the Board is unwilling to pursue improvements, it should explore strategic alternatives, Macellum said.
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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.