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Kohl s Corp. is doing a lot better than it was at this time last year as the company emerges from the COVID-19 pandemic.
The Menomonee Falls-based retailer said in the first fiscal quarter of 2021, Kohl s sales were up nearly 70% from the same time last year. That brings the company more in line with how it performed in the first quarter of 2019 in the time before the pandemic.
At this time last year, the company had temporarily closed all of its stores because of the pandemic. Sales were down 40% during the first fiscal quarter of 2020 the company s worst quarter last year. Kohl s finished its last fiscal year with sales down around 20%.
Kohl s sales up nearly 70% as the retailer emerges from the pandemic
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Kohl s sales up nearly 70% as the retailer emerges from the pandemic
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Kohl s expands board of directors after annual meeting
Kohl s Corp. is moving forward with an expanded board of directors in response to a public campaign by a group of investors earlier this year.
Kohl s shareholders elected the company s 12 nominees to the board of directors during the Menomonee Falls-based retailer s virtual annual meeting of shareholders on Wednesday.
The candidates received an average vote of more than 96% of votes cast.
Kohl s announced in mid-April that the company had reached an agreement with a group of investors that had launched a campaign seeking to gain control of the board of directors.
As part of that agreement, Kohl s expanded its board of directors from 12 members to 15. Kohl s CEO Michelle Gass holds one seat; the rest are independent from the company. Two of the three new directors were nominated by the investor group.
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