Kohl’s, facing activist pressure to consider a sale, wants investors to realize the progress it is making on its own terms to refresh its brick-and-mortar stores and to find ways to lure new and younger shoppers to the business.
“Make no mistake, this is a transformation,” Chief Executive Michelle Gass said as she kicked off a virtual investor meeting on Monday morning. “It is a complete reinvention of our business model and our brand.”
Ahead of the Monday meeting, Kohl’s issued fresh long-term financial targets, including growing sales by a low-single-digit percentage annually.
Source: CNBC
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