Strong first-quarter results underscore how the buildup in active and casualwear is resonating, though there could be some “easing in the tailwinds” fueling gains.
Kohl’s strong first-quarter results follow a pattern of retailers bouncing back from last year’s steep COVID-19-related declines.
The agreement ends months of harsh claims by activist shareholders that Kohl’s was underperforming the industry due to mismanagement.
The activist investors have nominated a slate of five individuals to the Kohl’s board which will be voted on at the annual shareholder meeting.
Activists are also seeking to overhaul Kohl’s board and are pressing for sale-leasebacks of store real estate.
The event will feature adaptive apparel from Kohl’s, along with Zappos Adaptive, Stride Rite and Tommy Hilfiger Adaptive.