The temporary closure of retail stores during the coronavirus pandemic had a severe impact on the retail sector. However, a spike in e-commerce sales helped retailers to offset part of the loss of sales from the closure of physical stores. Many US retailers are recovering with the gradual reopening of stores since May. Meanwhile, investors will be keenly watching sales trends as the peak holiday season approaches.
Using the TipRanks’ Stock Comparison tool, we will place consumer electronics retailer Best Buy and beauty retailer Ulta Beauty alongside each other to see which stock offers a better investment opportunity.