The pitchforks are out for Kohl's
CNN
Kohl's can't catch a break from Wall Street. For the second time in as many months and third time in a year, an activist investor is putting pressure on the department store chain to make changes or sell the company.
For the second time in as many months and third time in a year, an activist investor is putting pressure on the department store chain to make changes or sell the company.
Activist hedge fund Macellum Advisors, which owns about 5% of Kohl's (KSS) stock, said in a letter Tuesday that Kohl's board of directors and leadership team spent last year "materially mismanaging the business and failing to implement necessary" improvements.
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