Macellum Advisors GP, LLC, a long-term holder of nearly 5% of the outstanding common shares of Kohl's (KSS), urged Kohl's Board to publicly commit to carrying out a robust process to review strategic alternatives. Macellum advised the Board to form a special committee of independent directors to oversee the review, retain advisors and solicit proposals from all interested bidders. It also asked the Board to invite a Macellum representative to lead the special committee.
"We hope the Board responds to us in a constructive and timely manner. However, we reserve our right to hold the current directors accountable through an election contest or the appropriate legal channels if the Board chills a value-maximizing sales process," Macellum stated.
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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.