Sears customers could soon be taking their business to Home Depot

Nearly two-thirds (62%) of Sears Holding Corp. customers say they’d consider a move to Home Depot Inc. for appliances, according to data gathered by GlobalData Retail.

Sears SHLDQ, +22.23% , which has filed for bankruptcy, continues to shutter stores, leaving market share up for grabs. Home Depot HD, +0.51% appears poised to snap up those customers. That 62% figure is far higher than other home improvement retailers, said the research company.

“Looking ahead, we believe that Home Depot will be a beneficiary of the ongoing demise of Sears, especially in categories like appliances,” wrote GlobalData managing director Neil Saunders.

>>> Original Source <<<