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People are already gearing up for the winter. 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. In addition, one in four consumers is expecting to spend more on Christmas compared to last year. With significant progress on the vaccination front, outdoor activities have increased as consumers gained their confidence back. This should bode well for both COLM and GOOS in the coming months.
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. Over the past six months, GOOS has slumped 10.2%, while COLM has slipped 10.7%.
