As liquidation began at Sears locations in Canada last week, some may be wondering on which stocks will be most affected by the fall of Sears. This article gives us the list with detailed explanations.
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Sleep Country Canada Holdings Inc
-National bank has reported that the closing of Sears will increase Sleep Country sales $48M. Sleep Country is Canada's #1 mattress provider while Sears is #2. -
Canadian Tire Corporation
-With Sears gone, there will not be many weak large scale retailers where Canadian Tire will be able to steal sales from
-Others say Canadian Tire will be a benefactor of the fall of Sears as they will inherit many new customers -
Hudson's Bay Company
-Again, another benefactor of Sears due to the new customer base
-However CIBC World Markets has predicted sales at HBC will fall during the holiday season as customers will gravitate to the liquidation sales at Sears.
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What other companies do you think should have made the list?
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Will Sleep Country have a monopoly of the mattress business in Canada over the next few years?
I'm guessing SHLD? Just a hunch....
somebody get this guy a medal
AVOCADO.
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