Better Buy: Lululemon vs. Nike
Nike (NYSE: NKE) has held a firm grip over athletic wear for the past several decades, and it won't be loosening it any time soon. However, relative newcomer Lululemon Athletica (NASDAQ: LULU) has jumped to the apex of premium yoga clothes and challenges Nike on its home turf. In a contest of the top activewear ateliers, which is the better buy? Let's see.
Both Nike and Lululemon have been at the top of their game as "athleisure" -- wearing athletic wear as casual clothing -- has become more fashionable. In the pandemic era, it's now positively standard to walk around in yoga pants and hoodies. The great office-clothing toss last year led to the folding of iconic menswear house Brooks Brothers along with several other brands as more people worked from home and preferred to lounge around in comfortable clothing. Even in the office, casual wear has become more acceptable.
This is all a good thing for Nike and Lululemon, the latter of which also offers a small line of popular dress pants in activewear fabrics to bring comfort to the boardroom. Yet both companies have still had to navigate their way through the challenges of the pandemic.
Source Fool.com
