Big Middle-Market Deals of 2020
Costco’s $1 billion acquisition of logistics company
Innovel Solutions was one of largest middle-market deals completed in 2020, according to data from
Refinitiv.
Sears makes it through holidays but is dying a slow death, experts say
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Nordstrom (NYSE:JWN) are two retailers that had different performances this year. Costco benefited from staying open and from shoppers stocking up on groceries and essentials during the beginning of the COVID-19 pandemic. Nordstrom saw sales plummet when non-essential businesses had to close due to restrictions around the virus, but its e-commerce business saw rapid growth.
Both consumer discretionary companies are known for their customer service and have taken steps to position their business in the current environment, but which retailer is the better investment?
Image source: Getty Images.
Costco
Costco, the operator of global warehouse membership clubs, performed well this year, as consumers stocked up on extra groceries and household goods during various phases of lockdowns. Its business has been resilient in 2020, as many other retailers saw their revenue and foot traffic hurt by store closures and restrictions.