|Bid||23.43 x 1000|
|Ask||23.43 x 1000|
|Day's Range||22.52 - 23.71|
|52 Week Range||7.17 - 24.41|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Here, we will explore two probable winners: Nike (NYSE: NKE) and Revolve Group (NYSE: RVLV). When considering iconic, globally ubiquitous brands, it's hard to overlook Nike. Over the past several decades the company has transformed itself as among the most valuable fashion brands in the world, and that is not by accident.
The apparel industry has seen rapid change in 2020 due to the coronavirus pandemic. Revolve Group (NYSE: RVLV), an online-only retailer focused on fashion apparel for millennial women, is feeling the best and worst of this change. While it is true that Revolve is an online-only retailer, the company sells products made for parties, festivals, and other events meant for large gatherings of people.
A core part of Revolve's business is selling clothes for social events, many of which have been canceled because of the coronavirus pandemic. International markets, however, were a bright spot as sales increased 18%, but that wasn't enough to make up for a 6% decline in domestic sales. "Strong execution on our merchandising and operational initiatives led to another quarter of record results," Co-CEO Mike Karanikolas said in a statement.