Author: Vivek Astvansh, Associate Professor of Quantitative Marketing and Computational Data Science, Binghamton University, State University of New York

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 of a closure […]