Kohl's Activist Investors Cast Doubt on Benefit Amazon Partnership Provides | 05.03.21 | finanzen.at

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05.03.2021 19:12:00

Kohl's Activist Investors Cast Doubt on Benefit Amazon Partnership Provides

The four activist investors attempting to take over Kohl's (NYSE: KSS) board of directors fired another salvo at the retailer after its fourth-quarter earnings report.The group of hedge funds that own almost 10% of the department store chain's stock published a letter calling into question many assumptions the board has made about how much progress the company is making on its own. And in one section, the activist investors cast doubt that Kohl's partnership with Amazon (NASDAQ: AMZN) to process the e-commerce giant's returns is helping business as much as claimed. In fact, they believe the retailer is not fully disclosing the costs of the program to investors.Continue reading
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