A group of investors that collectively control a 9.5% stake in Kohl's have proposed nine new members for the retailer's 12-member board of directors, sources said. The group is pushing to add more directors with retail experience to drive sales and shore up profit margins, and the investors also are reportedly urging Kohl's to trim inventories and make it easier for shoppers to access promotions and discounts.
Sources: Kohl's investor group pushes for changes
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