Better Buy: Costco vs. Best Buy
Retail giants Costco (NASDAQ: COST) and Best Buy (NYSE: BBY) both experienced accelerating sales growth throughout the pandemic. Costco became a top destination for stocking up on essential products, while Best Buy benefited from surging PC sales as more people worked from home.
Costco's stock price rose by over 20% in the past 12 months, but Best Buy's stock price more than doubled. Let's see why investors were more enthusiastic about Best Buy this past year, and whether that trend will continue this year.
Costco's warehouse club model, which lets members buy products in bulk at lower prices than superstores or Amazon, insulated it from the worst effects of the retail apocalypse over the past decade.
Source Fool.com
