The department store said Wednesday that shareholders have voted to re-elect all 13 of its director nominees, according to a preliminary tally at its shareholders' meeting. Kohl's did not disclose the tally.
Kohl's has faced increasing pressure from activist hedge fund
Like many department stores, Kohl's had struggled before the pandemic, but the health crisis wielded a big blow to sales. The company's business is rebounding as customers are going out to social events and buying dressier clothes. Shares were down
Kohl’s has received multiple buyout offers in recent months. The company has said it is reviewing them.
“While we have had differences with Macellum, this board is committed to serving the interests of all our shareholders," said
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