Business
How does the Temple & Webster (ASX:TPW) share price stack up against Nick Scali (ASX:NCK)?
Online furniture retailer Temple & Webster Group Ltd (ASX: TPW) had a breakout year in 2020, moving from relative obscurity to become a household name during COVID-19 lockdowns.
Along with e-commerce company Kogan.com Ltd (ASX: KGN) and plus-size women’s clothing retailer City Chic Collective Limited (ASX: CCX), Temple & Webster became a retail market darling of the COVID-19 economy, boosting sales and increasing its market penetration. While traditional brick-and-mortar retailers like troubled department store Myer Holdings Limited (ASX: MYR) watched their share prices tank during lockdowns, this new generation of digital-focussed retailers saw their profits (and share prices) zoom higher last year.
From a low of just $1.52…
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