Department store chain Kohl's said it aims to increase sales by a low-single-digit percentage annually, with plans to open 100 new small-format stores in the next four years and expand its partnership with Sephora to be a $2 billion business, among other moves
Kohl’s says that recent offers to purchase the department store chain undervalue its business and that it is adopting a shareholder rights plan to head off any hostile takeovers.
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