Pro Analysis

The death of Sears would give these retailers a bigger boost than Toys 'R' Us demise

Shoppers exit a newly renovated Sears Holdings Corp. store in Oak Brook, Illinois.
Daniel Acker | Bloomberg | Getty Images
Shoppers exit a newly renovated Sears Holdings Corp. store in Oak Brook, Illinois.

Sears Holdings' liquidation would free up as much as $11 billion, a bigger free lunch than what Toy "R" Us' demise brought.

Lowe's, Home Depot, and Best Buy will be the biggest beneficiaries from Sears' death. Their potential sales boost in the absence of Sears is estimated to be between 125 to 175 basis points, according to MoffettNathanson.