Kohl's CEO Michelle Gass says company is working to understand proposal from activist group

Kohl's CEO Michelle Gass said the retailer is doing due diligence after receiving a letter from activist group Engine Capital.

urging the company to either consider a sale of its business or a separation of its e-commerce division.

"My number one priority, the number one priority of the board, is to drive shareholder value," Gass told CNBC's in an interview Wednesday afternoon. "We are very aligned with all of our investors in doing that. We have ongoing dialogue with lots of investors. We listen to them. We hear their ideas. And we take that very seriously."

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