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Why Kohl's Tumbled 13% This Week

TheMotleyFool

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Kohl's (NYSE: KSS) can't win for losing. Shares of the department store chain fell 13.1% this week from where they closed last Friday, according to data from S&P Global Market Intelligence, after shareholders beat back an attempt by activist shareholders to gain a presence on the board of directors.

The same trio of activist investors that tried to execute a turnaround at Bed Bath & Beyond -- two of whom that are taking on management at grocery store chain SpartanNash -- also tried to shake things up at Kohl's, but all 13 existing directors were reelected by shareholders.

Image source: Kohl's.

Source Fool.com

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