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GigaCloud Technology (Nasdaq: GCT) announced on January 14, 2026 the immediate appointments of Michael Pitman and Scott Hill as vice presidents of sales. Pitman brings over four decades of home furnishings experience, including more than 15 years in senior roles at Ashley Furniture and recent senior sales executive roles at Magnussen Home Furnishings and Nourison Home.
Hill brings more than 30 years in home furnishings, including eight years at Ashley Furniture and 15 years in senior roles at New Classic Home Furnishings. Both will lead sales strategy, strengthen partnerships, and expand GigaCloud’s presence in the home furnishings market.
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Positive
- Two senior hires added to sales leadership, effective immediately
- Michael Pitman with over 40 years of industry experience and 15+ years at Ashley Furniture
- Scott Hill with 30+ years of experience, including eight years at Ashley Furniture and 15 years at New Classic Home Furnishings
Negative
Industry experience
over four decades
Michael Pitman’s home furnishings industry background
Ashley Furniture tenure
more than 15 years
Michael Pitman at Ashley Furniture Industries
Industry experience
more than 30 years
Scott Hill’s home furnishings industry background
Ashley Furniture tenure
eight years
Scott Hill managing regional sales teams
Leadership tenure
past 15 years
Scott Hill in senior roles at New Classic Home Furnishings
GCT fell 6.01% while key peers like IIIV (-1.1%), RDWR (-1.31%) and YEXT (-3.29%) declined more modestly, with others flat to slightly positive, indicating stock-specific pressure.
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Conference participation | +0.2% | CEO presentation at Needham Growth Conference and investor meetings. | ||
| Acquisition close | -1.3% |
Completed $18M purchase of New Classic Home Furnishings. |
||
| Network expansion | +1.8% | Leased 617k sq ft New Jersey fulfillment center, expanding footprint. | ||
| Acquisition agreement | +1.9% | Definitive agreement to acquire 100% of New Classic for $18M. | ||
| Investor meetings | +1.5% | CFO and President scheduled one-on-one meetings at ROTH event. |
Recent news has generally seen modestly positive price reactions, with one divergence on acquisition completion.
Over the last two months, GigaCloud reported several expansion-focused updates. It agreed on Dec 3, 2025 and then closed on Jan 2, 2026 the $18 million acquisition of New Classic Home Furnishings, integrating over 1,000 retailer customers and 2,000 SKUs. It expanded logistics with a 617,000-square-foot New Jersey fulfillment center, bringing the network to 38 locations and over 11 million square feet. Investor conference participation on Dec 3, 2025 and Jan 9, 2026 supplemented this growth narrative.
This announcement highlighted the hiring of two veteran sales leaders with decades of experience in home furnishings, following a period of active expansion that included a new 617,000-square-foot New Jersey facility and the $18 million New Classic acquisition. Together, these steps emphasized scaling GigaCloud’s marketplace and distribution ecosystem. Investors may monitor how these appointments translate into marketplace GMV, revenue growth, and integration progress across the expanded retailer network.
b2b
technical
ecommerce
technical
AI-generated analysis. Not financial advice.
EL MONTE, Calif., Jan. 14, 2026 (GLOBE NEWSWIRE) — GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced the appointments of Michael Pitman and Scott Hill as vice presidents of sales, effective immediately.
Michael Pitman
Michael Pitman brings over four decades of experience in the home furnishings industry. He spent more than 15 years at Ashley Furniture Industries in senior leadership roles, including sales, ecommerce, national accounts, merchandising and product development. During his tenure, he served in multiple senior vice president and executive vice president positions, with responsibility for revenue growth across key divisions and leadership of large-scale sales organizations. Most recently, he held senior sales executive roles at Magnussen Home Furnishings and Nourison Home.
Scott Hill
Scott Hill brings to GigaCloud more than 30 years of experience in the home furnishings industry, with a background spanning retail operations, sales, merchandising and executive management. He previously held leadership roles in furniture retail before spending eight years at Ashley Furniture Industries, where he managed regional sales teams across the Midwest and Northeast. Hill has spent the past 15 years at New Classic Home Furnishings in senior leadership positions, most recently overseeing sales and marketing and product strategy.
Pitman and Hill will be responsible for advancing GigaCloud’s sales strategy, strengthening strategic partnerships, and expanding the Company’s presence across the home furnishings market. Each will oversee focused markets and product lines in support of the broader GigaCloud ecosystem.
“Michael and Scott each bring industry expertise and leadership experience that align well with our priorities,” said Larry Wu, Founder and Chief Executive Officer of GigaCloud. “We are pleased to welcome them to the team as we continue to grow the business and support our partners across different markets.”
About GigaCloud Technology Inc
GigaCloud Technology Inc is a pioneer of global end-to-end B2B technology solutions for large parcel merchandise. The Company’s B2B ecommerce platform — the GigaCloud Marketplace — integrates product discovery, payments, and logistics tools into a single, easy-to-use platform. GigaCloud connects manufacturers, primarily in Asia, with resellers in the U.S., Asia, and Europe, enabling efficient cross-border transactions and scalable growth. For more information, please visit investors.gigacloudtech.com.
For investor and media inquiries, please contact:
GigaCloud Technology Inc
Investor Relations
Email: ir@gigacloudtech.com
PondelWilkinson Inc.
Laurie Berman (Investors) – lberman@pondel.com
George Medici (Media) – gmedici@pondel.com
Todd Kehrli (Investors) – tkehrli@pondel.com
Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/48bd9b2c-dd03-4c94-a106-b3fec3d8f93c
https://www.globenewswire.com/NewsRoom/AttachmentNg/f4319081-018c-48e2-9100-263a60f34b88
FAQ
Who did GigaCloud (GCT) name as vice presidents of sales on January 14, 2026?
GigaCloud named Michael Pitman and Scott Hill as vice presidents of sales, effective immediately.
What experience does Michael Pitman bring to GigaCloud (GCT)?
Pitman brings over four decades of home furnishings experience, including 15+ years in senior roles at Ashley Furniture and recent senior sales roles at Magnussen and Nourison.
What roles will Pitman and Hill have at GigaCloud (GCT)?
They will advance GigaCloud’s sales strategy, strengthen strategic partnerships, and expand the company’s presence across the home furnishings market.
Does the GigaCloud (GCT) announcement include financial targets tied to the new sales hires?
No financial targets or guidance tied to the hires were provided in the announcement.
When did GigaCloud (GCT) make the sales leadership appointments effective?
Both appointments were announced as effective immediately on January 14, 2026.
GCT Rankings
GCT Latest News
Dec 3, 2025
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GCT Stock Data
1.55B
25.70M
13.55%
59.83%
8.39%
Software – Infrastructure
Retail-catalog & Mail-order Houses
United States
EL MONTE
