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Why Best Buy Stock Will Benefit From Sears’ Bankruptcy

Teresa Rivas

Where we were: Sears has been sliding for quite some time, so its bankruptcy is hardly a surprise. Where we’re headed: If a full liquidation comes, Best Buy could see a big benefit, but even if Sears only closes the roughly 200 stores as part of its current plan, it should still help Best Buy’s stock, says Loop Capital. Some may mourn the passing of the former retail behemoth Sears, but such can be the circle of life.