Boeing’s 737 Max Is Making A Comeback and Kohl’s Shares Are on The Rise.
For the ones who don’t remember, in March of 2019, two Boeing’s 737 Max planes crashed and killed 346 people. Since then, the planes have been grounded and have gone through various tests to determine their reliability and safety level.
After a 20-month ban, the aircraft is finally nearing clearance. Now, travel demand is not anything like it used to be back when the planes were first banned. What does this mean for Boeing’s comeback?
In its third quarter, Kohl’s reported a 13.3% drop in quarterly net sales as consumers continue to spend less on dress apparel and footwear as the pandemic ensues. In store sales got hit the hardest while online sales had robust growth during the same period.
It is said that the retailer is trying to grow their activewear and beauty divisions in 2021. As for the holiday season, Michelle Gass (Kohl’s Chief Executive Officer) said that they are “well-positioned” against rivals going into the holiday.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.