Oklahoma Supreme Court Blocks State Effort to Ban Books from School Libraries

Kohl’s Corporation issued the following statement regarding Macellum Advisors GP, LLC’s announcement of its nomination of directors for election to the Kohl’s Board of Directors at the Company’s 2022 Annual Meeting of Shareholders: Kohl’s believes Macellum’s effort to take control of the Board is unjustified and counterproductive. Kohl’s appointed two of Macellum’s designees, along with an additional mutually agreed upon designee, to its Board pursuant to the 2021 settlement agreement with Macellum and certain other shareholders. All members of the Kohl’s Board, other than its CEO, are independent. Macellum’s claim that Kohl’s Board is not equipped to evaluate sale opportunities is groundless. The Board designated its Finance Committee, which is comprised entirely of independent directors, was formed pursuant to the settlement with Macellum and includes one of Macellum’s 2021 designees, to lead the review of any expressions of interest. Additionally, the Company and the Board have engaged financial advisors, including Goldman Sachs and PJT Partners, and have asked Goldman Sachs to engage with interested parties. Furthermore, Macellum’s claim to be “disappointed and shocked” by Kohl’s rejection of the previously disclosed expressions of interest is disingenuous. Macellum has on multiple occasions stated publicly that Kohl’s is worth “at least $100 per share.”

Costco Wholesale Corporation announced its operating results for the second quarter and the first 24 weeks of fiscal 2023, ended February 12, 2023. Net sales for the quarter increased 6.5 percent, to $54.24 billion, from $50.94 billion last year. Net sales for the first 24 weeks increased 7.3 percent, to $107.68 billion, from $100.35 billion last year. Net income for the quarter was $1,466 million, $3.30 per diluted share. Last year’s second quarter net income was $1,299 million, $2.92 per diluted share. Net income for the first 24 weeks was $2.83 billion, or $6.37 per diluted share, compared to $2.62 billion, $5.90 per diluted share, last year. For the four-week reporting month of February, ended February 26, 2023, the Company reported net sales of $17.06 billion, an increase of 4.7 percent from $16.29 billion last year.

Adaptive learning company HMH announced that its award-winning English language development program, English 3D, which is now available for students in grades K-3, provides a complete K-12 solution with expanded reach to support younger learners. “Multilingual learners now make up more than 10% of the US student population and we know this number will continue to grow each year,” said Matthew Mugo Fields, HMH General Manager, Supplemental and Intervention Solutions. “At HMH, we aim to support the unique needs of all learners so they can come into the classroom every day and have the resources they need to thrive. English 3D’s expanded support creates growth for our youngest learners during one of the most critical points in their learning journey.”