Our analysis indicates mass yielding closures of 20% at oversized chains. Traffic is likely most pressured at C growth potential at ROST, TJX, ULTA, WMT.
Source: Cowen Research
http://distressions.com/wp-content/uploads/2017/04/Retail_s_Disruption_Yields_Opportunities_-Ahead_of_the_Curve_Series__Video-_Cowen_and_Company.pdf