A Key Kohl’s Investor Proposes Some Tough Love

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The Street

By Tony Owusu The company’s board has so far been resistant to the idea of a sale, but it may not have a choice. Institutional investors are renewing their push for major changes at Kohl’s (KSS) – Get Kohl’s Corporation Report as the retailer pursues its strategy. The department-store chain is facing pressure to sell itself and to remake its board. So far, the company has assessed the offers that have been on the table but found them inadequate. Kohl’s, Menomenee Falls, Wis., says it’s worth more than the offers it has received from potential buyers. The company recently adopted a poison pill,…

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