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13 Years5,000+ PostsGemini
Kohl's Slipping Under
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Seeing that nobody uses this forum and the news forum has been removed. I've decided to use forum to dump some news here.
The retailer may hire bankers to help fend off potential activist investors
Kohl’s (KSS 4.59% ) board of directors fears the retailer might be next on activist investors’ list, according to the Wall Street Journal.
So the department store chain may hire an investment bank to advise it on various alternatives to combat any incursion by such investors, worried that the company’s big stock swoon in the past year could attract unwanted attention. One such option is going private, the Journal wrote.
Kohl’s declined to comment on the report.
Despite concerted efforts to turn its once fast-growing business around, and some success in reaching those goals, Kohl’s shares have fallen 37% in the last year.
Apparently, Wall Street has found the company’s efforts to fend off everyone from Amazon.com( AMZN 1.71% ) to J.C. Penney (JCP 1.81% ) to Target (TGT 1.46% ) insufficient and seems to have little faith in the department store sector in general.
http://fortune.com/2016/01/11/kohls-activist-investor/?xid=soc_socialflow_facebook_FORTUNE