SGB Update

Alibaba Resets Leadership Structure

Alibaba is replacing Daniel Zhang as chairman and CEO. Joseph Tsai, executive vice chairman and a co-founder, will become chairman while Eddie Wu, chairman of e-commerce at Alibaba’s Taobao and Tmall businesses and co-founder, will take over as CEO.

Christy Sports Opens Re-Branded Big Sky Location

Christy Sports opened its newly rebranded store in Big Sky, MT, previously Grizzly Outfitters. The store is now Christy Sports Big Sky Town Center and marks Big Sky, Montana’s second Christy Sports location.

Ross Stores Sets Long-Term CEO Succession Plan

Ross Stores, Inc.’s Board of Directors approved a new employment agreement with Barbara Rentler, vice chair and chief executive officer, extending through March 31, 2027. The new agreement allows Rentler to continue as CEO through January 31, 2026. By that date, the Board expects to have selected her successor.

Mountain Khakis Appoints Sales Group For Eastern Canada

Mountain Khakis hired the The Outside Group to represent the brand in Eastern Canada. The Outside Group was founded in 1999 by principal Ron Barr and also includes Daniela Michaud and Rob Dunlop who operate through the group’s showroom and offices in Toronto, Ontario, Canada.

Fanatics And Pittsburgh Pirates Open New Clubhouse Store

The Pittsburgh Pirates, in partnership with Fanatics, officially opened the doors to a new retail experience at PNC Park. The new Pirates Clubhouse Store is a single level retail space that is more than double the size of the previous location.

Puttshack To Open Location In Ohio

Puttshack continues to expand, signing a new lease agreement at The Galaxy at Polaris in Columbus, its first location in Ohio, with a tentative opening date in late 2024.

Amer Sports’ Debt Ratings Upgraded By S&P

S&P Global Ratings upgraded the debt ratings of Amer Sports Holding Oy due to the company’s robust operating performance, thanks to a strong performance in China, the continuous acceleration of the Arc’teryx brand, and positive momentum in its footwear division driven by the Salomon brand. Amer’s sales grew 30.3 percent in 2022.