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An activist investor is urging department-store chain Kohl’s Corp. to consider a sale of the company or a separation of its e-commerce business.
New York-based hedge fund Engine Capital LP wants the retailer to examine the two alternatives to improve its lagging stock price, according to a letter sent to Kohl’s
KSS,
board Sunday and viewed by The Wall Street Journal. Engine owns a roughly 1% Kohl’s stake.
