If there were an award for grace under pressure, Carol Meyrowitz, 53, president and CEO of The TJX Cos., would deserve it. The fact that the largest payment-card data breach to date occurred on her watch may always be a chapter in her memoirs, but it is not the whole story. What’s more telling is how Meyrowitz confronted the crisis, assumed control of security risks within her company, and encouraged cooperative action between banks, payment-card companies and merchants industrywide. How TJX continues to respond to security risks will have enormous impact, as CEOs around the nation watch and learn from Meyrowitz.
Meyrowitz’s leadership has sustained consumer confidence in her company. The chief executive also has reinvigorated TJX’s merchandise offerings with more fashion-forward goods, and tested designer departments. The results of her efforts, and her steadfastness, are seen in the chain’s performance. At a time when many retailers are struggling, TJX remains on the upswing.
Borders to offer free resolution workshops
ANN ARBOR, Mich. Borders said Thursday that it is offering customers free in store events throughout the month of January to help them kick start their new year’s resolutions and learn how to keep them through the year. Programs include wellness fairs, yoga classes and diet seminars.
Borders reported that local organizations and community groups will be featured in activities and events at its stores across the country ranging from fitness centers and hospitals to singles groups and retirement centers.
Schulze sells 440K shares of company stock
MINNEAPOLIS Best Buy chairman and founder Richard Schulze sold 440,000 shares of Best Buy stock last week valued at $22.4 million. Schulze sold the stock at prices ranging from $50.71 to $51.18 per share. Earlier this month, Schulze sold 2.35 million shares valued at more than $120 million.
While Schulze’s stock sales are considerable, they represent just a fraction of his holdings at Best Buy. He’s estimated to still hold more than 68 million shares of stock amassed during 41 years with the company.