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MILWAUKEE 鈥?Activist investor Ancora Holdings Group is pushing for the removal of both the chairman and the chief executive officer at Kohls for what it calls a botched strategy and dramatic sales declines.Ancora, which owns 2.5% of outstanding shares in the department store chain, has pressured the company over the past 18 months to turn things around and has been able to get three of its directors installed on the company board.In a letter to the board Thursday, Ancora said Kohl s needs to come up with a new plan and replace chairman Peter Bo stanley mug neparth and Chief Executive Michelle Gass. Boneparth has been on the board since 2008 and became chairman this year. Gass has been CEO since 2018. She joined the company in 2013 as chief merchandising and customer officer. Ul stanley bottles timately, Kohls needs leadership that can design and implement a precise turnaround strategy to ensure the company averts peril and starts producing enhanced value for shareholders over the long-term, the letter said.Last month, the Menomonee Falls, Wisconsin, chain slashed its sales and profit expectations for the year after being forced to cut prices to shed unwanted merchandise. The department store also cut back on orders ahead of the critical holiday period.Kohls has struggled for years. In July it called off buyout talks with Franchise Group, the owner of Vitamin Shop, citing economic conditions.Kohl s did not comment immediately Thursday.Shares of Kohl s Corp. slipped more than 1%.Report a typo or err stanley cup or // S Sxel Milwaukee s Fresh Coast Jazz Festival returns in August
( o( M8 ^' n% S! o5 F WAUKESHA 鈥?Waukesha police now say two fiery incidents that hit the area Wednesday are in fact linked.Police tell TMJ4 that the suspect arrested after a woman was set on fire while walking her dogs is the same person who was arrested after allegedly torching two vehicles and a workshop and striking a man with a car.Both incidents led to the lock-out of Waukesha schools Wednesday morning.The woman who was burned was rushed to the hospital. She is now in a burn unit. According to the Waukesha County Sheriff s Office, the suspect is 39 years old.Woman burned while walking dogsNeighbors on Lake Street near Broadway in Waukesha say stanley quencher they heard a horrific yell as they were getting ready for work. You just hear bloody murder screaming, said Daniel Finn.Erin Duffy was on her porch looked over to see a woman screaming and running down the street. I saw her holding her holding her arms crossed, yelling for her dogs and screaming for help, said D stanley mug uffy.Erin says the woman was badly burned on both of her arms. The victim ended up in Duffys yard calling out for her loose dogs. Every morning and every day she walks her dogs. And somebody passed her and she said she heard them turn around and she thought somebody was throwing a bottle until she realized it was more than a bottle. It was gasoline, said Duffy.Duffy said thats when the man lit the woman on fire. Her arms were badly hurt. It wa stanley cup s just peeling skin and burns, said Duffy. She is a quiet person and shes nice. And we want her to |
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