Kohl's Activist Investors Cast Doubt on Benefit Amazon Partnership Provides

Rich Duprey, The Motley Fool
·2-min read
Kohl's Activist Investors Cast Doubt on Benefit Amazon Partnership Provides

The four activist investors attempting to take over Kohl's (NYSE: KSS) board of directors fired another salvo at the retailer after its fourth-quarter earnings report. In fact, they believe the retailer is not fully disclosing the costs of the program to investors. Macellum Advisors, Ancora Holdings, Legion Partners Asset Management, and 4010 Capital have nominated nine candidates for Kohl's 12-person board, saying the retailer needs more directors with retail experience to help turn around an ailing business that perennially underperforms the competition.