An activist investor is urging department-store chain Kohl’s Corp. to think about a sale of the corporate or a separation of its e-commerce enterprise.
New York-based hedge fund Engine Capital LP desires the retailer to look at the 2 options to enhance its lagging inventory value, based on a letter despatched to Kohl’s board Sunday and seen by The Wall Avenue Journal. Engine owns a roughly 1% Kohl’s stake.