{"id":471527,"date":"2021-04-06T08:03:29","date_gmt":"2021-04-06T12:03:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471527"},"modified":"2021-04-06T08:03:29","modified_gmt":"2021-04-06T12:03:29","slug":"investor-group-urges-shareholders-to-reject-kohls-misinformation-campaign","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-group-urges-shareholders-to-reject-kohls-misinformation-campaign\/","title":{"rendered":"Investor Group Urges Shareholders to Reject Kohl\u2019s Misinformation Campaign"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Investor Group Urges Shareholders to Reject Kohl\u2019s Misinformation Campaign<\/b><\/p>\n<p class=\"bwalignc\"><i>Sends Letter to Shareholders Highlighting the Reality Behind Three Myths Being Perpetuated by Kohl\u2019s <\/i><\/p>\n<p class=\"bwalignc\"><i>Sees No \u201cMomentum\u201d at Kohl\u2019s, But Rather Recent Performance that Continues to Lag Peers<\/i><\/p>\n<p class=\"bwalignc\"><i>Highlights 54% Relative Underperformance Versus Peers from Pre-Covid Levels<\/i><\/p>\n<p class=\"bwalignc\"><i>Believes There is Little New About Kohl\u2019s \u201cNew\u201d Strategic Plan \u2013 Which is Largely Recycled from Previous Ill-Fated \u201cGreatness Agenda\u201d<\/i><\/p>\n<p class=\"bwalignc\"><i>Encourages All Shareholders to Vote on the White Proxy Card Today to Elect Group\u2019s Nominees and Help Kohl\u2019s Reach Its Full Potential<\/i><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nMacellum Advisors GP, LLC (together with its affiliates, \u201cMacellum\u201d), Ancora Holdings, Inc. (together with its affiliates, \u201cAncora\u201d), Legion Partners Asset Management, LLC (together with its affiliates, \u201cLegion Partners\u201d), and 4010 Capital, LLC (together with its affiliates, \u201c4010 Capital\u201d and, together with Macellum, Ancora and Legion Partners, the \u201cInvestor Group\u201d) today issued a letter to shareholders in connection with its nominations of five candidates for election to the Board of Directors (the \u201cBoard\u201d) of Kohl\u2019s Corporation (NYSE: KSS) (\u201cKohl\u2019s\u201d or the \u201cCompany\u201d). The Investor Group is deemed to beneficially own, in the aggregate, 14,696,905 shares of the Company\u2019s common stock, including 2,447,000 shares underlying call options currently exercisable, constituting approximately 9.3% of the Company\u2019s outstanding common stock.\n<\/p>\n<p>\nThe letter details how several key assertions by Kohl\u2019s are nothing more than myths unsupported by reality. The full text of the letter is available at: <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fcreatevalueatkohls.com%2Fwp-content%2Fuploads%2F2021%2F04%2FLetter-to-KSS-Shareholders_4-6-21.pdf&amp;esheet=52406947&amp;newsitemid=20210406005609&amp;lan=en-US&amp;anchor=https%3A%2F%2Fcreatevalueatkohls.com%2Fwp-content%2Fuploads%2F2021%2F04%2FLetter-to-KSS-Shareholders_4-6-21.pdf&amp;index=1&amp;md5=5817e0c0e7275274c98b66a4644b15b8\">https:\/\/createvalueatkohls.com\/wp-content\/uploads\/2021\/04\/Letter-to-KSS-Shareholders_4-6-21.pdf<\/a>.\n<\/p>\n<p>\nFor more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.CreateValueAtKohls.com&amp;esheet=52406947&amp;newsitemid=20210406005609&amp;lan=en-US&amp;anchor=www.CreateValueAtKohls.com&amp;index=2&amp;md5=f69183e745c1d55b0ec3c897a29dd358\">www.CreateValueAtKohls.com<\/a>.\n<\/p>\n<p><b>About Macellum<\/b><\/p>\n<p>\nMacellum Advisors GP, LLC, together with its affiliates (collectively, \u201cMacellum\u201d) have substantial experience investing in consumer and retail companies and assisting such companies in improving their long-term financial and stock price performance. Macellum\u2019s historical investments include: Collective Brands, GIII Apparel Group, Hot Topic, Charming Shoppes and Warnaco, among other companies. Macellum prefers to constructively engage with management to improve its governance and performance for the benefit of all stockholders, as we did with Perry Ellis. However, when management is entrenched, Macellum has run successful proxy contests to effectuate meaningful change, including at The Children\u2019s Place Inc., Christopher &amp; Banks Corporation, Citi Trends, Inc. Bed Bath and Beyond Inc. and most recently at Big Lots, Inc.\n<\/p>\n<p><b>About Ancora<\/b><\/p>\n<p>\nAncora Holdings, Inc. is an employee owned, Cleveland, Ohio based holding company, which wholly owns four separate and distinct SEC Registered Investment Advisers and a broker dealer. Ancora Advisors LLC specializes in customized portfolio management for individual investors, high net worth investors, investment companies (mutual funds), and institutions such as pension\/profit sharing plans, corporations, charitable &amp; \u201cNot-for Profit\u201d organizations, and unions. Ancora Family Wealth Advisors, LLC is a leading, regional investment and wealth advisor managing assets on behalf of families and high net-worth individuals. Ancora Alternatives LLC specializes in pooled investments (hedge funds\/investment limited partnerships). Ancora Retirement Plan Advisors, Inc. specializes in providing non-discretionary investment guidance for small and midsize employer sponsored retirement plans. Inverness Securities, LLC is a FINRA registered Broker Dealer.\n<\/p>\n<p><b>About Legion Partners<\/b><\/p>\n<p>\nLegion Partners is a value-oriented investment manager based in Los Angeles, with a satellite office in Sacramento, CA. Legion Partners seeks to invest in high-quality businesses that are temporarily trading at a discount, utilizing deep fundamental research and long-term shareholder engagement. Legion Partners manages a concentrated portfolio of North American small-cap equities on behalf of some of the world\u2019s largest institutional and HNW investors.\n<\/p>\n<p><b>About 4010 Capital<\/b><\/p>\n<p>\n4010 Capital is a value-oriented investment manager with substantial experience investing in the consumer discretionary sector. 4010 Capital employs comprehensive fundamental analysis to invest in companies which it believes are trading at a discount to intrinsic value and have a pathway to improving operating performance.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210406005609r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210406005609\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210406005609\/en\/<\/a><\/span><\/p>\n<p>\nMedia:<br \/>\n<br \/>Sloane &amp; Company<br \/>\n<br \/>Dan Zacchei \/ Joe Germani<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:dzacchei@sloanepr.com\">dzacchei@sloanepr.com<\/a> \/ <a rel=\"nofollow\" href=\"mailto:jgermani@sloanepr.com\">jgermani@sloanepr.com<\/a><\/p>\n<p>\nInvestor:<br \/>\n<br \/>John Ferguson \/ Joe Mills<br \/>\n<br \/>Saratoga Proxy Consulting LLC<br \/>\n<br \/>(212) 257-1311<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:info@saratogaproxy.com\">info@saratogaproxy.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America New York<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Finance Online Retail Retail Professional Services Department Stores<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Investor Group Urges Shareholders to Reject Kohl\u2019s Misinformation Campaign Sends Letter to Shareholders Highlighting the Reality Behind Three Myths Being Perpetuated by Kohl\u2019s Sees No \u201cMomentum\u201d at Kohl\u2019s, But Rather Recent Performance that Continues to Lag Peers Highlights 54% Relative Underperformance Versus Peers from Pre-Covid Levels Believes There is Little New About Kohl\u2019s \u201cNew\u201d Strategic Plan \u2013 Which is Largely Recycled from Previous Ill-Fated \u201cGreatness Agenda\u201d Encourages All Shareholders to Vote on the White Proxy Card Today to Elect Group\u2019s Nominees and Help Kohl\u2019s Reach Its Full Potential NEW YORK&#8211;(BUSINESS WIRE)&#8211; Macellum Advisors GP, LLC (together with its affiliates, \u201cMacellum\u201d), Ancora Holdings, Inc. (together with its affiliates, \u201cAncora\u201d), Legion Partners Asset Management, LLC (together with its affiliates, \u201cLegion Partners\u201d), and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-group-urges-shareholders-to-reject-kohls-misinformation-campaign\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Investor Group Urges Shareholders to Reject Kohl\u2019s Misinformation Campaign&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-471527","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Investor Group Urges Shareholders to Reject Kohl\u2019s Misinformation Campaign - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-group-urges-shareholders-to-reject-kohls-misinformation-campaign\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investor Group Urges Shareholders to Reject Kohl\u2019s Misinformation Campaign - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Investor Group Urges Shareholders to Reject Kohl\u2019s Misinformation Campaign Sends Letter to Shareholders Highlighting the Reality Behind Three Myths Being Perpetuated by Kohl\u2019s Sees No \u201cMomentum\u201d at Kohl\u2019s, But Rather Recent Performance that Continues to Lag Peers Highlights 54% Relative Underperformance Versus Peers from Pre-Covid Levels Believes There is Little New About Kohl\u2019s \u201cNew\u201d Strategic Plan \u2013 Which is Largely Recycled from Previous Ill-Fated \u201cGreatness Agenda\u201d Encourages All Shareholders to Vote on the White Proxy Card Today to Elect Group\u2019s Nominees and Help Kohl\u2019s Reach Its Full Potential NEW YORK&#8211;(BUSINESS WIRE)&#8211; Macellum Advisors GP, LLC (together with its affiliates, \u201cMacellum\u201d), Ancora Holdings, Inc. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-group-urges-shareholders-to-reject-kohls-misinformation-campaign\/","og_locale":"en_US","og_type":"article","og_title":"Investor Group Urges Shareholders to Reject Kohl\u2019s Misinformation Campaign - Market Newsdesk","og_description":"Investor Group Urges Shareholders to Reject Kohl\u2019s Misinformation Campaign Sends Letter to Shareholders Highlighting the Reality Behind Three Myths Being Perpetuated by Kohl\u2019s Sees No \u201cMomentum\u201d at Kohl\u2019s, But Rather Recent Performance that Continues to Lag Peers Highlights 54% Relative Underperformance Versus Peers from Pre-Covid Levels Believes There is Little New About Kohl\u2019s \u201cNew\u201d Strategic Plan \u2013 Which is Largely Recycled from Previous Ill-Fated \u201cGreatness Agenda\u201d Encourages All Shareholders to Vote on the White Proxy Card Today to Elect Group\u2019s Nominees and Help Kohl\u2019s Reach Its Full Potential NEW YORK&#8211;(BUSINESS WIRE)&#8211; Macellum Advisors GP, LLC (together with its affiliates, \u201cMacellum\u201d), Ancora Holdings, Inc. (together with its affiliates, \u201cAncora\u201d), Legion Partners Asset Management, LLC (together with its affiliates, \u201cLegion Partners\u201d), and &hellip; Continue reading \"Investor Group Urges Shareholders to Reject Kohl\u2019s Misinformation Campaign\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-group-urges-shareholders-to-reject-kohls-misinformation-campaign\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-06T12:03:29+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210406005609r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-group-urges-shareholders-to-reject-kohls-misinformation-campaign\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-group-urges-shareholders-to-reject-kohls-misinformation-campaign\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Investor Group Urges Shareholders to Reject Kohl\u2019s Misinformation Campaign","datePublished":"2021-04-06T12:03:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-group-urges-shareholders-to-reject-kohls-misinformation-campaign\/"},"wordCount":682,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-group-urges-shareholders-to-reject-kohls-misinformation-campaign\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210406005609r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-group-urges-shareholders-to-reject-kohls-misinformation-campaign\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-group-urges-shareholders-to-reject-kohls-misinformation-campaign\/","name":"Investor Group Urges Shareholders to Reject Kohl\u2019s Misinformation Campaign - 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