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Deal or no deal, Sears' challenges will boost Macy's, J.C. Penney and Dillard's business

Even if Sears' contested deal to save roughly 400 stores with ESL Investments secures approval from the bankruptcy judge, the owner of Kmart and Sears faces continued challenges that could reap benefits for Macy's, J.C. Penney and Dillard's, said credit ratings agency Moody's Investors Service in a report published Thursday.
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