Four Retailers That Could Benefit From Shuttered Sears Stores

When one door closes, another one opens — at least that is true for four retailers that could benefit from Sears' shuttered stores throughout the U.S.

Sears

The retailer closed approximately 400 stores across the country in 2017 and has plans to close another 100 by the spring. The company's shares have dropped approximately 45% since the beginning of the year and on Monday, dipped to an all-time low of $1.99/share, ultimately closing the day at $2.07, The Street reports.

Though Dave & Buster's has recently moved into several shuttered Sears locations, experts say four retailers in particular could benefit most from the department store chain's downfall.

With an estimated 80% of U.S. Sears stores being situated within 15 minutes of Home Depot, Lowe's or Best Buy, each of these retailers is in a prime spot to collect customers that were previously devoted to the department store. They also offer much of the same product, including appliances, home improvement and electronics, CNBC reports.

Should Sears close its remaining 1,100 stores across the U.S., it could provide a boost to shareholders from all three companies. Experts say Best Buy earnings could increase 10%, while Lowe’s could rise by 4% and Home Depot by 2%.

When it comes to athletic gear, experts predict Dick’s Sporting Goods would profit most from Sears’ loss by receiving as much as 25% of the $400M in athletic wear sales typically sold at Sears.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

‘Aggressive’ Antitrust Settlement Unwinds $100M Zillow, Redfin Deal

Trump's New Canadian Tariffs To Spike Additional Materials Costs

Wells Fargo Moves To Foreclose On $1.3B Workspace Property Trust Portfolio

Turner Construction Hit With Cyberattack, Hackers Claim Leaks Of Military Info, NDAs

Latest Round Of Fannie Mae Senior Staff Layoffs Has Multifamily Sector Anxious

Why Hines Is Restarting Its Development Engine

How Integrated Infrastructure Can Help AI Data Centers Deploy Faster, Build Smarter

Nvidia Buys Stake In Data Center Power Company

Invesco Cuts Fees, Adds Incentives To Quell Fund Redemption Requests

Investors Anchor Big Capital Into Marinas, Betting On Shallow Supply

Nike Closes 15 Stores Amid Tumultuous Year

Large Commercial Real Estate Sales Up 30% Despite Economic Headwinds