Kohl's Should Ignore Activist's E-Commerce Spinoff Proposal

Kohl's Should Ignore Activist's E-Commerce Spinoff Proposal

Over the weekend, Engine Capital launched the latest campaign along these lines. The hedge fund criticized Kohl's (NYSE: KSS) for its poor share price performance over the past decade. It wants Kohl's to fix that either by spinning off its e-commerce operations or selling the whole company.