Better Buy: Nike vs. Stitch Fix
The pandemic blindsided apparel retail, with physical stores closed and customers saving money for essentials. Thankfully, the economy looks like it's heading toward recovery, and these companies are bouncing back. Nike (NYSE: NKE), a global retail leader, had a huge sales decline during the worst of the lockdowns, but it's now back on track to score high sales from its devoted fans.
Companies with a significant online presence were better positioned to weather the storm, and many saw digital sales soar. Stitch Fix (NASDAQ: SFIX) is a relative newcomer that's trying to change the way we shop. As a fully digital operation, it's poised to succeed in the post-pandemic world.
Let's see which is the better buy today.
Source Fool.com
