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Kohl's responds to activist investors

Kohl's is in the midst of a turnaround plan and return to growth that would be disrupted by efforts of activist investors to take control of the board, the retailer said in a statement in response to moves by activist investors to replace nine of 12 board members. Kohl's has taken proactive steps, such as partnering with Amazon and Sephora to drive store traffic and sales growth.

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