When a Walmart closes, what happens to nearby stores?

By Vivek Astvansh, Associate Professor of Quantitative Marketing and Computational Data Science, Binghamton University, State University of New York
Preetinder Kaur, Assistant Professor of Marketing, University of Guelph
Pushpinder Gill, Assistant Professor of Marketing, Toronto Metropolitan University

Shoppers often greet the closure of a Walmart with dismay, while competitors find cause to celebrate.

Among critics of the big-box behemoth, a long-held assumption is that once a Walmart disappears, shoppers seeking groceries, household goods, meals and services will flow to businesses down the road.

But what if the economic downside…

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