Bankruptcy & Restructuring News Headlines for Wednesday Jun 1, 2022

Here's what we are reading this morning:

U.S. Bankruptcy Judgeship Vacancy (District of Delaware): Chief Judge Michael A. Chagares of the United States Court of Appeals for the Third Circuit announces the application process for a bankruptcy judgeship in the District of Delaware, seated in Wilmington.

Big Lots, Hibbett Become Latest Retailers to Show Inflation Pain - WSJ: Big-box chain Big Lots and sporting-goods retailer Hibbett saw double-digit sales declines as higher prices across the spectrum dent shopper spending power.

Biggest Mall in N.Y. Has Debt Rating Cut on Plunging Valuation: Municipal bonds tied to Destiny USA, the biggest shopping mall in New York state, were cut deeper into junk by Fitch Ratings after its value plunged well below the amount of its debts.

Kohl's says two top executives are leaving, as company seeks buyer: Doug Howe, Kohl’s chief merchandising officer, is departing immediately, the retailer said in a securities filing. Greg Revelle, chief marketing officer, is expected to depart June 1.

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