SGB Update

Neiman Marcus Names Two C-Level Execs

Neiman Marcus Group (NMG) hired Nabil Aliffi as chief brand officer. Stefanie Tsen Ward received a promotion to chief retail officer. Both are newly created positions reporting to Ryan Ross, president, Neiman Marcus Brand.

361 Degrees Sees Flat Growth In Fourth Quarter

361 Degrees International, Ltd. reported retail sales of 361º core-branded product for the fourth quarter of 2022 with roughly flat growth compared to the same period of 2021.

NRF Adds Six Members To Board

The National Retail Federation (NRF) added six new members to its board of directors during its annual winter board meeting.

Retail’s Big Show Expanding To Asia Pacific In 2024

Retail’s Big Show is expanding to the Asia Pacific in 2024 with its annual conference and exhibition. Organizers expect it will draw thousands of retailers and business partners from across the region.

QVC Parent’s Debt Ratings Lowered

S&P Global Ratings lowered the debt ratings on Qurate Retail Inc., the parent of QVC and HSN, due to weaker-than-expected results as profitability and cash flow generation continued to be pressured in the latest third quarter ended September 30.

USA Pickleball CEO Steps Down

USA Pickleball, the national governing body for the sport, reported that Stu Upson will step down as chief executive officer and leave the organization following a transition period.

GT Golf Holdings Acquired by Private Equity Firm

Kinzie Capital Partners LP, a Chicago-based private equity firm, has acquired GT Golf Holdings, Inc., the golf accessories provider based in Vista, CA. The transaction was completed in partnership with the company’s management.

Ski Haus Opens In Woburn

Ski Haus opened its third store in Woburn, MA. The ski retailer also operates locations in Salem, NH and Framingham, MA.