1. Kohl's Stock Rises on Report an Active Investor Seeks a Sale of the Retailer

    Kohl's Stock Rises on Report an Active Investor Seeks a Sale of the Retailer

    Shares of Kohl’s were rising in premarket trading Monday after a report said an activist investor has urged the department store chain to sell the company or consider a spinoff of its e-commerce business. The Wall Street Journal reported that Engine Capital, a New York-based hedge fund that owns a stake of about 1% in the retailer, wants Kohl’s (ticker: KSS) to examine the two alternatives to improve its lagging stock price...

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