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Macy’s and Kohl’s Bonds Outperform, Defying US Retail Malaise

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If traditional mall stores are doomed by events like Amazon.com Inc.’s Prime Day, nobody told Macy’s Inc. and Kohl’s Corp. bondholders. The companies’ debt strengthened on Monday, as the stores offered their own sales to compete with the online giant’s discounting frenzy. Amazon’s server glitches may have also given a fillip to the traditional retailers’…

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