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Big Boxes Could Benefit From Sears’ Downfall

Big-box retailers like Home Depot and Lowe’s are preparing to meet the retail void left by the downfall of Sears, Yahoo Finance reports.

After Sears filed for bankruptcy protection earlier this month, “Home Depot and Lowe’s look to be big winners,” Brian Sozzi of Yahoo Finance reports.

As Sears plans to close 142 stores by the end of the year, and continues to close Kmart stores across the country, Sozzi says Home Depot could net $157 million and Lowe’s could earn $129 million in additional sales as consumers look for new sources for appliances and electronics.

Sozzi says that if Sears were to liquidate its assets, big-box retailers and independent operators could stand to gain even more as the company’s future rests in doubt.

About Todd Taber

Todd is trends editor for Hardware Retailing magazine. He graduated from Indiana University where he majored in journalism and French. Throughout his career, he has aimed to highlight small businesses and their community value. He joined NRHA in 2017.

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