Any idea how the offer the activist hedge fund Starboard Value made would affect us? I heard that whenever activist investors get involved, cost cuts follow. In this case, that would most likely mean more store closings and more layoffs. Am I right to be worried or am I just being paranoid?
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This won’t go well, the chairman of Kohl’s board is a Soros lackey, this newly woke company won’t fair well regardless of how this ends
Do a little research on Bed Bath and Beyond… hopefully kohl’s story will end differently. BBB will likely not be around much longer.
Definitely be prepared for the worst if it does happen. Hedge Funds are looking at ways to cut costs and keep what is profitable which is mostly the online business. Trying to do that with Macys also and separate e commerce from Stores. Anyone at the higher salary range will be targeted plus the underperforming stores like a few others have said.
@ 1yzn+1eX8vMUm - Yep, same happened to Sears. Their activist hedge fund owner first cut operational costs to the bone then Sold it off bit by bit These guys aren’t even hiding their plan, they’ve already said they’ll separate eComm (sell it) from the stores (real estate). Good luck everyone, retail is not a kind industry.
The first people cut will be anyone making over $100,000 a year
Just go to Belk on thelayoff.com and get an inside look. We’ve been owned since 2015 by Sycamore Partners, who just made Kohl’s a buyout offer of $65.00/share today. cuts, Cuts, CUTS, will be the name of the game!
You are 100% correct. Get ready if it goes through. The hedge funds are in it for profit and the most obvious places to cut expenses are labor and underperforming stores.