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Thursday, August 11, 2022

Kohl's CEO Michelle Gass: We're set up for profitable growth

MILWAUKEEANS WANT KOHL'S ACCOUNTABILITY






AUGUST 11, 2022

MILWAUKEE || KOHL'S RETAIL coming to downtown Milwaukee where the historic Boston Store was for DECADES at 4th/Vel Phillips and Wisconsin Avenue.

A large "Retail" store for Milwaukeeans with charm, pizzazz, history, nuance, EMPLOYMENT, technology, and great prices with choices is a plus for the next retailer on 4th & Wisconsin.

Kohl’s Board remains committed to a robust and intentional process to maximize value.

MILWAUKEE vs WAUKESHA
The fact that Kohl's is a member of the Wisconsin framework of corporations and industries of abiding practices, labor practices, and employment, we, the people expect the extra mile due to the high unemployment of the stakeholders of the 15 districts.  

Menomonee Falls is NOT in Milwaukee.  It is in Waukesha county-Wisconsin.  Therefore, it is imperative that the HEIRS/core constituents/taxpayers hold the Executive and Legislative branches of the city of Milwaukee accountable for federal funding, Smart Growth, rule of law, and Infrastructure guidelines. 

Consequently, Kohl's Community Partnership and Abiding Principles ring loud to those of us who are African American, other People of Color, and Work-Challenged population/taxpayers/HEIRS in the 96.8 square miles of Milwaukee.

Kohl's has been elevated to the largest department store chain in the nation.  

That comes with pressure and CEO Michelle Gass and her team of stockholders to cure some industry problems (wages, health insurance demands, supply chain, supply and demand, etc.).  

"Retail with flare" brings economic energy with growth in the stock market and public square.  

At the present time, Kohl's market is on a roller coaster.  CEO Michelle Gass has her hands full.  She has some "brand makers" working with her financial ups and downs - especially Kohl's engagement of SEPHORA in the store. 

We are watching the reports for those in the background of Kohl's.

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KOHL'S BOARD OF DIRECTORS
CLICK PHOTO to enlarge

MENOMONEE FALLS, Wis.--(BUSINESS WIRE)-- Kohl’s Corporation (NYSE:KSS) (“Kohl’s” or the “Company”) today announced that based on the preliminary vote count provided by its proxy solicitor following the Company’s 2022 Annual Meeting of Shareholders, Kohl’s shareholders have voted to re-elect all thirteen of its highly qualified director nominees – Michael J. Bender, Peter Boneparth, Yael Cosset, Christine Day, Chuck Floyd, Michelle Gass, Margaret Jenkins, Thomas Kingsbury, Robbin Mitchell, Jonas O. Prising, John E. Schlifske, Adrianne T. Shapira, and Stephanie Streeter – to the Company’s Board of Directors.

“We would like to thank our shareholders for their support throughout this proxy contest,” said Peter Boneparth, Chairman of the Board. “While we have had differences with Macellum, this Board is committed to serving the interests of all our shareholders. The Board remains focused on running a robust and intentional review of strategic alternatives while executing our strategy to drive shareholder value. We appreciate the feedback we have received from our shareholders over the past several months and look forward to engaging with them further.”

Boneparth continued, “We are especially thankful to Kohl’s associates, who have continued to execute on our strategy and focus on customers during this process. Kohl's has a bright future ahead.”

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FOOTPRINT

Kohl's is an American department store retail chain, operated by Kohl's Corporation. As of December 2021, it is the largest department store chain in the United States, with 1,162 locations, operating stores in every U.S. state except Hawaii. Wikipedia

CEO: Michelle Gass (May 2018–)

Founded: September 12, 1962, Brookfield, WI

Founder: Maxwell Kohl

Headquarters: Menomonee Falls, WI

Number of employees: 99,000 (2022)

Revenue: 18.13 billion USD (2020)



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