A militant is said to be pressurizing Kohl’sFollowing a reorganization, you may be asked to decide whether or not your online business should be sold. similar move by the department store chain Saks Fifth AvenueThe Wall Street Journal reports that it was 4.5 percent.

According to WSJ the New York-based hedge fund Engine Capital wants Kohl’s board to consider both options in order to raise its stock prices. According to the report, an activist group wrote a letter Sunday to Kohl’s board. Engine Capital has a roughly 1% interest in Kohl’s.

Kohl’s shares closed Friday at $48.45, roughly where they were trading a decade ago, giving Kohl’s a market value of about $7.3 billion — less than that of Macy’sBut it’s more than that Nordstrom‘s. Kohl’s stock is up about 19% year to date, underperforming the S&P 500.

Engine Capital stated in a letter to WSJ that Kohl’s digital business would only be worth $12.4 Billion if Kohl generates online sales revenues of approximately $6.2 billion.

Engine Capital stated that it believed there were private equity companies that would offer shares at $75 or less, according to the report. According to WSJ, the investors also suggested that they are in talks with potential buyers about monetizing Kohl’s real property.

CNBC reached out to Kohl’s representatives and Engine Capital for clarification but they didn’t respond immediately.

As investors realize the value of owning part of a fast-growing, tech-savvy ecommerce business division, these talks are becoming more common. Saks Digital is currently reportedly looking to be public. with a valuation of $6 billionIt is roughly six times the revenue. As recently as March, it was valued at $2 billion.

Macy’s is being urged in the interim activist group Jana PartnersTo spin off its ecommerce operations, Macy’s hoped to get a higher valuation. Since then, Macy’s has been hired consulting firm AlixPartnersTo review the business structure.

On a recent earnings conference, Jeff Gennette from Macy’s stated that “We also recognize how significant the market assigns to pure ecommerce businesses.” As we examine the market today, we’re doing more analysis that may help to inform our long term strategy to unlock even more value for Macy’s.

Kohl’s had another recent clash with activist investors who raised doubts about the company’s direction and tried to take control of its board. The group — Macellum Advisors, Ancora Holdings, Legion Partners Asset Management and 4010 Capital — came to an agreement with the retailer in April and added a few investor-backed independent directors to its board.

The following are the 2014 results Engine Capital pressured AnnThe company, which was the owner of Loft and Ann Taylor fashion labels, decided to go public. It did this the next year.

You can read the complete report at the Wall Street Journal here.