Kohl's CEO Michelle Gass says company is working to understand proposal from activist group [CNBC]
Macy's Inc (M)
Last macy's inc earnings: 2/25 06:55 am
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Source: CNBC
urging the company to either consider a sale of its business or a separation of its e-commerce division. “Like we would any big idea, we are putting a lot of resources to understand what this means for our business,” Gass told CNBC. Kohl's CEO Michelle Gass said the retailer is doing due diligence after it received a letter from activist group Engine Capital urging the company to either consider a sale of its business or a separation of its e-commerce division. “My number one priority, the number one priority of the board, is to drive shareholder value,” Gass told CNBC's Sara Eisen in an interview Wednesday afternoon. “We are very aligned with all of our investors in doing that. We have ongoing dialogue with lots of investors. We listen to them. We hear their ideas. And we take that very seriously.” Kohl's CEO sees strong consumer demand this holiday season As it relates to Engine Capital's proposal, Gass said the company has been doing “a lot of work and will continue to do
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- M's page on the SEC website