Over the past decade, the Company has lost market share to other retailers and suffered declining gross margins, despite increasing SG&A spend, capital investments and executive compensation. These persistent failures have been led by several different senior executive teams but overseen by substantially the same Board.

A Reconstituted Board Can Create Value At Kohl’s

The Investor Group has recruited a world-class team of retail industry experts with extensive retail, turnaround, capital allocation and strategic experience, who are well-positioned to create significant shareholder value. The Investor Group’s diverse slate of retail experts will be focused on repositioning Kohl’s for profitable growth and efficient capital allocation, and instituting best-in-class corporate governance.

The Investor Group believes the Company’s enormous potential can be realized through:

  • Improving the Company’s merchandising,
  • Increasing the effectiveness of the marketing strategy,
  • Reducing SG&A costs,
  • Increasing inventory turns,
  • Driving better efficiency from capital investments,
  • Executing a sizable sale-leaseback transaction and material share repurchases, and
  • Realigning executive compensation and incentives with performance.

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