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Activist group says Kohl’s earnings show ‘best of worst’ in retail

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Customers leave a Kohl’s store on November 12, 2015 in San Rafael, California.

Justin Sullivan | Getty Images News | Getty Images

The group of activists looking to seize control of Kohl’s board published a letter Friday morning saying the retailer’s latest quarterly financial results were lackluster and further demonstrate the need for an overhauled strategy.

“The board seems to be content performing just slightly better than the worst companies in retail,” the group said in a letter sent to Kohl’s shareholders. “‘Best of the worst’ is not a viable strategy, nor does it satisfy shareholders like us seeking long-term superior performance.”

“Kohl’s is enormously well positioned with off-mall…



Source cnbc.com

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