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Which Stock is a Better Buy for a Cold Winter? By StockNews


© Reuters. Columbia Sportswear and Canada Goose: Which stock is better for cold winter?

This year, the economic reopening and the relaxation of the social distancing requirements saw retail sales rise significantly. Retail stocks are also expected to increase as winter draws near. Columbia Sportswear Canada Goose Holdings and (NASDAQ:), should see solid growth in sales. Which stock is better to buy right now? Learn more. The Columbia Sportswear Company (COLM), markets and distributes apparel, footwear and accessories for outdoor and active lifestyles. There are many options for products to be used in snow or ice sports. The company also offers a wide range of products for activities on snow and ice. Canada Goose Holdings Inc . (GOOS), designs, produces, and sells luxury performance apparel and accessories for fall, winter and spring.

The winter is upon us and people are getting ready. According to a survey, 31% of U.S. consumers said they’ll begin shopping for the holidays before the end of October, while a cumulative 55% of consumers are expected to start shopping before Thanksgiving. One in four Americans expects to spend more this Christmas than last year. Outdoor activities are increasing as people feel more confident after significant improvements in vaccinations. COLM and GOOS will benefit from this in the months to come.

In terms of the past year’s performance, GOOS has gained 10.9% versus COLM’s 10.2% gain. Also, GOOS’ 19.8% gain year-to-date compares with COLM’s 9.7% return. COLM’s drop of 10.7% has been the opposite for GOOS over the last six months.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.