The activists have also proposed a slate of directors for Kohl s board, which has been rejected by the big-box retailer. Kohl s has said the group s suggestions would only disrupt the momentum that it has recently seen, as it projects growth in 2021.
On Tuesday, in an earnings presentation, Kohl s said it has employed sale-leaseback transactions in the past, when it was a clear efficient cost of capital, including in May of last year.
Doing more sale-leaseback deals, though, would likely hurt Kohl s investment-grade status, and would increase rent expenses on its balance sheet, the company said. It further explained it must have a certain amount of assets, in order to be in compliance with its debt agreements.
Kohl s Posts Q4 Profit and Predicts Sales Growth in 2021
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Kohl s Says It Has No Plans to Sell More Real Estate and Lease It Back Here s Why
nbcconnecticut.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcconnecticut.com Daily Mail and Mail on Sunday newspapers.