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US omnichannel retailer Kohl's and Investor Group reach agreement


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Pic: Sundry Photography / Shutterstock.com
Kohl’s Corporation, a leading omnichannel retailer in the US, has entered into a settlement agreement with Macellum Advisors GP, LLC, Ancora Holdings, Inc., Legion Partners Asset Management, LLC, and 4010 Capital, LLC (collectively, the Investor Group), which together own 9.3 per cent of Kohl’s outstanding common stock, including options.
As part of the agreement, two new independent directors nominated by the Investor Group, Margaret Jenkins and Thomas Kingsbury, will join the Kohl’s board of directors, as of the close of the 2021 Annual Meeting of Shareholders. An additional independent director identified by Kohl s, and agreed to by the Investor Group, Christine Day, will join the board at the same time. ....

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BJ's Wholesale Club CEO Lee Delaney dies unexpectedly


By Reuters Staff
1 Min Read
FILE PHOTO: A line of shoppers wait to enter BJ s Wholesale Club market at the Palisades Center shopping mall during the coronavirus outbreak in West Nyack, New York, U.S., March 14, 2020. REUTERS/Mike Segar/File Photo
(Reuters) - BJ’s Wholesale Club Holdings Inc said on Friday Chief Executive Officer Lee Delaney, 49, had died unexpectedly due to presumed natural causes.
Bob Eddy, who has been the company’s finance chief since 2011, will take over as CEO on an interim basis, the wholesale retailer said.
Delaney, a former Bain Capital partner, took over as BJ’s CEO in early 2020, guiding it through the COVID-19 crisis and supply challenges driven by consumers stockpiling everything from cleaning supplies and toilet paper to fresh meat. ....

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