Consumer Business Review: Lufthansa To Hike Rates, Kohl’s Expects Big Holiday Sales
Deutsche Lufthansa (DLAKY.PK) intends to hike prices on its longer flights because of higher costs. The increases will cover economy and first class flights to the United States, but not flights in and out of Japan.
Ford Motor Company (NYSE:F) has suffered a 29 percent year-over-year fall in European sales, while it elected to not match its competitors’ discounts. The firm seems to be awaiting the fourth quarter, when new models are introduced in an attempt to stem its losses on the Continent.
Don’t Miss: And the Hits Keep Coming for Ford.
Kohl’s Corporation (NYSE:KSS) will employ more than 52,000 seasonal workers for the coming holiday season, representing more than a 10 percent jump over last year’s total. The company says that the move should ensure high customer service during the busy shopping season. With nearly 5,700 temporary workers scheduled for distribution centers, one might think from all this that the retailer anticipates a nice boost in its e-commerce business as well.
General Motors Company (NYSE:GM) is cooperating with officials in Germany concerning plans to shut down a third shift at its Opel facility in Eisenach. Demand for autos is still stalled out in Europe, causing the company to cut back workers’ hours at the plant.
Are these stocks a buy or sell? Let us help you decide. Check out our Wall St. Cheat Sheet Stock Picker Newsletter now >>