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Department-store chain Kohl's Corp said on Wednesday it has reached a deal with a group of activist investors to avoid a proxy fight, agreeing to add two of the group's nominees to its board as independent directors.
By Reuters Staff
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FILE PHOTO: The logo and trading informations for Kohl s is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid
(Reuters) -Department-store chain Kohl’s Corp said on Wednesday it has reached a deal with a group of activist investors to avoid a proxy fight, agreeing to add two of the group’s nominees to its board as independent directors.
The company will also add an independent director to the board at the same time and said that it expanded its share buyback plan to $2 billion.
By Reuters Staff
1 Min Read
FILE PHOTO: A sign is seen outside a Dollar General store in Chicago, Illinois, U.S. May 23, 2016. REUTERS/Jim Young/File Photo/File Photo
(Reuters) - Dollar General Corp said on Wednesday it would recruit up to 20,000 employees this spring, the latest company to plan a hiring spree as more parts of the U.S. economy reopen and fiscal stimulus kicks in.
But the number was lower than the more than 50,000 workers the company hired around the same time last year, which was nearly double its normal hiring rate, to support a surge in sales at its stores at the height of COVID-19 lockdowns.