Beleaguered: A car drives by the entrance of a Kohl’s department store in Orlando, Florida. Like other major US retailers, Kohl’s struggled as the pandemic took hold in early 2020. ─ AP
NEW YORK: Kohl’s Corp is under pressure from a group of activists who want to name nine directors to control its board and press the retailer to reduce inventory and streamline promotions, according to a person familiar with the situation.
The group holds a stake of about 9.5% in Menomonee Falls, Wisconsin-based Kohl’s, said the person, who asked not to be identified.
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