Better Buy: Nike vs. Tanger Factory Outlet Centers

Nike (NYSE: NKE) and Tanger Factory Outlet Centers (NYSE: SKT) are both survivors of the retail apocalypse. Nike has expanded its direct-to-consumer presence with its online and brick-and-mortar stores even as other athletic apparel retailers have struggled. Meanwhile, Tanger's outlet centers have maintained high occupancy rates as traditional malls have failed, since retailers still needed places to sell their excess inventories. Those discounts attracted a steady stream of bargain-seeking shoppers.

Prior the pandemic, Nike had been generating stable revenue and earnings growth. Tanger, however, struggled with tenant bankruptcies, store closures, and lease modifications throughout 2019, which suggested it wasn't completely immune to the headwinds that have slammed traditional malls.

Image source: Getty Images.

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Source Fool.com