The managers at Kohl’s are not giving-in to a bid to take over the company’s board and change directions.
Kohl’s yesterday issued a new investor presentation aimed at stopping the move from activist investors. The new plan looks to boost operating margins by seven percent, and makes the case that the current board is the best to take the company into the future. Kohl’s sales were down 20 percent last year, some blame that on the coronavirus. The activist investors are the largest shareholders in the company, their main complaint is that Kohl’s is not doing as well as it could.