When the anchor tenant, here Walmart, closes, the study “found that nearby stores saw a slump in both monthly shopper traffic and sales revenue by roughly a quarter in contrast to comparable stores near Walmart locations that remained open. Our sample covered 39 Walmart stores that closed across 20 states from 2019 to 2026.”
And: “Specifically, following a Walmart’s closure, nearby stores experienced a roughly 5% drop in the following month and 6% in the month thereafter. The decline keeps getting worse, reaching about 17% in the ninth month and 20% a year after the anchor store closes.”
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