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On Monday, Sears filed for bankruptcy after years of struggling to survive in the changing retail industry. “Over the last several years, we have worked hard to transform our business and unlock the value of our assets,” said Edward S. Lampert, Chairman of Sears Holdings, in a statement . “While we have made progress, the plan has yet to deliver the results we have desired.” As part of Sears’ restructuring, Lampert stepped down as the company’s CEO and continues to serve as its chairman. Sears has also formed a restructuring committee and appointed Mohsin Y. Meghji as chief restructuring officer. Sears is not the only retail big-name to take a hit this year. Toys “R” Us closed all of its stores in June and Mattress Firm also filed for bankruptcy earlier this month. Retailers like Best Buy, Walgreens and Gap are also set to close hundreds of stores by the end of the year. Brick-and-mortar stores began taking a big hit with the rise of online stores like Amazon and Walmart. Mall...
Failure was never an option for filmmaker Tyler Perry. In conversation with Soledad O’Brien during a fireside chat hosted by QuickBooks and Mailchimp, Perry emphasized the importance of not frowning upon small beginnings. In his early days as a hungry creative in Atlanta, GA, he was homeless and living in his car, as AFROTECH mentioned previously. However, Perry never lost faith, and he credits hope as his constant driver toward success. “What I would say to anyone if it is your dream and it is your hope, it is that thing that you wake up with, and you go to bed with it, and you can’t shake it no matter what, that’s something that’s bigger than you… I was homeless,” Perry explained to O’Brien. He continued, “My mother said, ‘Leave them plays alone’…You ain’t never going make it.’ And this woman loved me with all of her heart, but she knew how difficult it was for me. But if it is your dream and that thing wakes you up and keeps reminding you, do not stop, don’t stop. I’m sitting...
d Speaker Bios Valerie Jarrett was the longest serving senior adviser to President Barack Obama. She oversaw the Offices of Public Engagement and Intergovernmental Affairs and chaired the White House Council on Women and Girls. Before joining the White House, she served as the chief executive officer of The Habitat Company in Chicago, chairman of the Chicago Transit Board, commissioner of Planning and Development, and deputy chief of staff for Chicago mayor Richard M. Daley. Jarrett has received numerous awards and honorary degrees, including Time’s “100 Most Influential People.” She is currently a senior adviser to the Obama Foundation, serves on the boards of Ariel Capital Management Holdings, 2U, Inc., and Lyft, and is a senior distinguished fellow at the University of Chicago Law School. Valerie’s upcoming book, FINDING MY VOICE: My Journey to the West Wing and the Path Forward, will be published in April 2019. Valeisha Butterfield Jones is the Global Head of Women and Black...
Starting July 9, 2018, Paula Price will serve as Macy’s, Inc. Chief Financial Officer. Price succeeds Karen Hoguet, who plans to retire at the end of the 2018 fiscal year. Before this upcoming role, Price has had 30 years of experience in finance roles, especially in retail and consumer-facing business. She currently lectures full-time at Harvard Business School in the accounting and management department. In her new role as CFO, Price will be leading finance, accounting, investor relations and internal audit functions, according to Business Wire . The role will be based in New York. After obtaining an M.B.A. in finance and strategy from the University of Chicago, a bachelor’s degree in accounting from DePaul, and being certified as a public accountant, she held roles as chief financial officer of Ahold USA, senior vice president, controller and chief accounting officer for CVS Caremark Corporation and even senior-level roles at companies such as JPMorgan Chase, Diageo, Kraft Foods...