The embattled retailer sent out definitive proxy materials Monday ahead of its May 11 Annual Meeting, urging shareholders to vote for all 13 of the board’s nominees and reject activist investor Macellum Advisors’ 10 proposed directors. KSS reiterated its growth strategy outlined at a recent Investor Day, and acknowledged it had talks with over 20 parties through Goldman Sachs for a “range of potential strategic alternatives involving the Company.”

The New York Post reported that Canada-based Hudson’s Bay Co. is the likely front-runner amongst bidders and that the matter will likely be decided at the annual meeting, based on sources familiar ... Log in to view full article.