Activist investor Macellum Capital Management is back on the attack against lagging department store retailer Kohl’s (KSS) less than a year after reaching a settlement agreement.
In a scathing new letter on Tuesday, Macellum says Kohl’s is a company “without accountability” and the executive team is “incapable” of developing the right assortment and value proposition that resonates with shoppers.
“The Kohl’s board of directors needs a shareholder in the room that has a sense of urgency,” said…
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