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Kohl's Fires Back at Activist Shareholders. (cover story)

  • Periodical
  • WWD: Women's Wear Daily. 1/19/2022, p1-25. 2p.
  • But Kohl's said Macellum "hasbeen unwilling to constructivelyengage", adding: "As recently as thisweekend, Macellum refused to enter aconfidentiality agreement to hear aboutthe company's progress across operatingperformance metrics, strategic initiativesand capital allocation plans, and provideinput on these matters as a shareholder. BUSINESS * The activists say Kohl's hasrebuffed potential buyers ofits business Kohl's Corp. has some strong words for theactivist shareholders stepping up pressureon the retailer for dramatic change. In characterizing 2021 as a lost yearfor Kohl's, Macellum noted the retailer'sshare price dropped more than 20 percentsince Macellum reached a settlementwith Kohl's in April 2021 reorganizing theboard with new members. [Extracted from the article]
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