Better Buy: Nike vs. Tanger Outlets
2020 was not the year for retail. But things already began to improve toward the end of the year for many retailers, and now might be an ideal time to scoop up shares that are still priced low. Nike (NYSE: NKE) and Tanger Factory Outlet Centers (NYSE: SKT) are both leading retailers that have suffered through the COVID-19 pandemic and are recovering.
Nike gained 40% in 2020 and is flat so far in 2021. Tanger stock lost about one-third of its value in 2020, but is up already 40% in 2021. Let's assess their future prospects.
Nike is the leading sports apparel and footwear brand with $37 billion in 2020 sales. Sales declined as much as 38% during the pandemic, but they quickly recovered, and the company is back to solid growth with a 9% sales increase in the second quarter ended Nov. 30, 2020.
Source Fool.com
