Kohl's

Activist Investor Pushes Kohl’s to Oust its CEO and Chairman
September 22, 2022 at 5:21 pm

Activist investor Ancora Holdings is pushing Kohl’s to remove its chief executive and its chairman, reports CNBC. Ancora sent a letter to the board Thursday asking for the replacement of CEO Michelle Gass and Chairman Peter Boneparth. The firm, which has a 2.5 percent stake in Kohl’s, wants new leadership so the company can revamp…

Kohl's Introduces New Store Experience and Features
July 11, 2022 at 5:19 pm

Kohl’s announced that it's introducing Discover @ Kohl’s, a new in-store and online experience designed to embrace inclusivity and bring discovery and inspiration to every store trip and online visit. Discover @ Kohl’s features seasonal areas throughout 600 of the retailer's stores and website that curate “dozens of emerging, established, and diverse-owned brands that are…

Kohl's Ends Buyout Talks With Franchise Group
July 1, 2022 at 2:21 pm

Kohl's has rejected a $53-per-share takeover bid — down from a previous offer of $60 — from the Franchise Group (FRG), according to a regulatory filing with the Securities and Exchange Commission by the retailer on July 1. "Despite a concerted effort on both sides, the current financing and retail environment created significant obstacles to reaching an acceptable and fully executable…

Draper James to Launch Collection in 500 Kohl's Stores
February 22, 2022 at 10:35 pm

Draper James and Kohl's today announced the launch of Draper James RSVP in 500 Kohl’s stores nationwide and online at Kohls.com, reports Glossy. Beginning on Monday, the womenswear brand founded by Reese Witherspoon is selling a collection of over 100 pieces designed with and exclusively sold at Kohl’s. According to a press release, Draper James RSVP…

Kohl's Confirms Takeover Interest
January 24, 2022 at 6:23 pm

Kohl’s Corp. confirmed yesterday that it has received letters expressing interest in acquiring the company, following reports over the weekend that two firms are preparing bids to purchase it. Kohl’s, however, hasn't decided what course of action it will take yet. According to a press release, Kohl’s board of directors "will determine the course of…

Kohl's Names New Directors in Agreement With Activist Investors
April 14, 2021 at 5:07 pm

Kohl's has come to an agreement with the group of activist investors who have been pushing to gain control of the company's board, CNBC reported. As part of the agreement, Kohl's named three new directors to its board. Two of the new directors — Margaret Jenkins and Thomas Kingsbury — were nominated by the activist…

Activist Investors Keep Up Pressure, But Cut Kohl’s Board Nominees From 9 to 5
March 11, 2021 at 7:29 pm

The group of activist investors looking to seize control of Kohl’s board has reduced the number of directors that it plans to nominate from nine to five. In a letter sent to the retailer’s shareholders Thursday, the group — which has a combined 9.5 percent stake in Kohl’s — said it originally nominated nine candidates…

Kohl's Adds 2 Million New Customers in 2020 Thanks to In-Store Amazon Returns
March 2, 2021 at 4:34 pm

At least 2 million new customers visited Kohl’s stores last year thanks to an Amazon.com returns service that the department store chain offers nationwide, reports CNBC. According to Kohl’s, a third of these new visitors were millennials. Kohl’s began accepting Amazon returns at 10 of its stores in the spring of 2017. By the summer…

Kohl’s Rejects Activist Investor Group’s Board Takeover Attempt
February 23, 2021 at 2:17 pm

Kohl’s said Monday that it has rejected an investor group’s attempt to seize control of its board, saying it would disrupt the momentum it has in revamping its business, reports CNBC. The retailer’s shares soared more than 8 percent in trading Monday, after a group of activist investors confirmed it has nominated nine directors to…

Kohl's to Lay Off 250 Workers Following Weak Holiday Sales
February 13, 2020 at 2:08 pm

Kohl's is laying off 250 workers as it restructures parts of its business following a dismal holiday season, reports CNBC. As part of the job cuts, Kohl’s is getting rid of a layer of regional store leadership roles as well as restructuring teams in its merchant organization. The changes will help Kohl’s streamline communications and eliminate the…