- A group of activist investors that collectively holds a 9.5% stake in Kohl's (NYSE:KSS) earlier this year nominated 9 directors for the company's 12-person board, the WSJ reported.
- The investors include Macellum Advisors, Ancora Holdings, Legion Partners and 4010 Capital, the paper said.
- The size of the stake nor the board nominees were previously reported.
- The activists are calling for the department-store chain to add directors with retail experience, reduce inventory levels and consider a sale-leaseback of some of the company's noncore real estate, WSJ said.
- The activist group including Macellum, Ancora Holdings, and Legion Partners has previously targeted Bed Bath & Beyond.
- Recall Feb. 17, Robbin Mitchell appointed to Kohl's board.
- Recall Feb. 3, Kohl's gains 2% after Cowen points to strong post-pandemic setup.