Insight Report 6 minutes PremiumWhich Retailers Would Gain from a Sears Closure? Coresight Research October 16, 2018 Executive SummarySears Holdings has filed for bankruptcy. In this report, we consider which major retailers could gain sales should all Sears department stores ultimately close. Walmart and Target would be in strong positions to pick up sales: Coresight Research’s consumer data shows high apparel cross-shopping rates at Walmart and Target among Sears shoppers, and over half of Sears stores have a Walmart or Target store nearby. Among the department stores, JCPenney looks best placed to capture shopper dollars in the event of a total Sears closure. JCPenney sees high rates of apparel cross-shopping with Sears, it registers the highest geographical overlap with Sears stores, and its position is bolstered by the recent strengthening of its appliances offering. Home Depot and Lowe’s would likely capture some share of appliance sales should Sears close down: 40% or more of Sears stores have such rivals within two miles. Warehouse clubs Costco and Sam’s Club see a much lower geographical overlap with Sears stores. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: CES 2023 ShowStoppers: Spotlight on Healthcare TechEarnings Insights 1Q23, Week 1: Albertsons, Crocs, Procter & Gamble, Skechers and More Post Positive Results; Amazon’s Online Sales ImproveAugust 2023 Leading Indicators of US Retail Sales: Consumer Sentiment Falls Month Over Month Amid Inflation ResurgenceMaximizing Growth Potential in DTC: Four Tech-Driven Strategies for Direct-to-Consumer Businesses To Scale and Succeed