Kohl's Corp (NYSE:KSS) is trading higher Tuesday after the company announced its shareholder, Macellum Advisors, issued a letter to Kohl's shareholders urging the company to make changes to its board of directors or explore a sale if it's unable to make other changes to boost its stock price.
In April, Kohl's reached a deal with a group of investors, including Macellum Advisors, in which the company agreed to add two of the group’s nominees to its board as independent directors.
