If Sears closes all its stores (roughly 1,100 as of the end of the fiscal third quarter), Best Buy’s earnings per share could jump by 10 percent, Lowe’s by 4 percent, and Home Depot by 2 percent, according to UBS.
Meanwhile, in the sporting goods category, Dick’s Sporting Goods could capture as much as 25 percent of the $400 million in sales of athletic gear that’s sold at Sears, the firm added. Other winners here include Academy Sports Outdoors and Bass Pro Shops, UBS said.
“With interest rates set to rise & corporate tax reform not benefiting SHLD (as it’s not profitable), we think its woes will only accelerate going forward,” Lasser said about the retailer’s future. But that means “there’s meaningful share up for grabs for other players.”
A representative from Sears didn’t immediately respond to CNBC’s request for comment on UBS’ report.
Looking to 2018, Sears has said it’s focused on growing sales of mattresses and appliances, in particular, and could look to monetize its other assets, including Sears Home Services and the Kenmore and DieHard brands.