Jefferies Comments on Kohl's Following Global Consumer Conference

Wesley McDonald, Chief Financial Officer of Kohl's

, presented at the Jefferies Global Consumer Conference. “We thought his overall tone was good and we believe that, with an improvement in weather and promotional events in June, we should see a better comp store sales performance this month,” Jefferies writes. “We think 20% off friends & family over Father's Day probably helped sales in June. After experiencing softer sales earlier in the year, Kohl's management built a bit more promotion into its Q2 plan.” Kohl's closed Tuesday at $51.16.