Sears’ demise could hurt, not help, J.C. Penney

While many retailers may be anticipating the market-share grab they’ll make as Sears Holding Corp.’s demise continues, J.C. Penney Co. Inc. could actually be hurt by the disappearing competitor.

Retailers like Home Depot Inc. HD, -1.41% stand to gain as Sears SHLDQ, -16.84% stores close and customers look for a new place to buy goods, particularly appliances.

But GlobalData Retail’s Neil Saunders thinks J.C. Penney JCP, +11.48% could actually lose as Sears becomes the latest retailer to clear out of already-ailing malls.

Read:Sears customers could soon be taking their business to Home Depot

“The category and shopper overlap is not as great as is sometimes assumed, and while J.C.

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