The Men’s Wearhouse: Success in a Declining Industry
Course:
201230 Summer 2012 BUSI 342-B06 LUO
Human Resources Management
Assignment:
Collaborative Learning Group Project
Case:
HR-5
The Men’s Wearhouse: Success in a Declining Industry
Team Members: [Group 3]
Justin Carr
Nichole Thompson
Nickala Major
Roni Garrett
Submitted: July 2, 2012
Respectfully submitted to: Dr. Daniel Gilbert
Abstract
The clothing retail industry has faced challenges that few have overcome; those that do have developed innovative managerial practices to inspire their human resources and empower their ability. Men’s Wearhouse mastered the niche; however, faced with their expanding growth, new challenges crop up and demise lurks. Men’s Wearhouse specializes in men’s apparel and custom tailoring. They have had notable success generating revenue and gaining a solid grasp on the market share. Men’s Wearhouse experienced massive growth between 1991 and 1996. From its opening in 1973, to its going public in 1991, the company had increased to 85 stores. In the five years after going public, the company saw their store number increase by over 400% to 345 stores nationwide (Stanford Graduate School of Business, Case HR-5, 2010, p. 2)
The Men’s Warehouse appears to be a company that prides itself on driving the customer and shareholder’s experience while placing a high value on its human resources. George Zimmerman, founder and CEO, is expressive and passionate about his success in the clothing industry and his ideology on human resources. Zimmerman understands the importance of unleashing human potential through various means by simply investing in human capital. He says:
As we look forward in the business world, I see a lot of very big companies that aren’t going to be around too much longer… what creates longevity in a company… The last thing most MBAs probably think of as value is the untapped human potential. (Stanford Graduate School of Business, Case HR-5, 2010, p. 3)
This is substantiated. When done correctly, this investment
201230 Summer 2012 BUSI 342-B06 LUO
Human Resources Management
Assignment:
Collaborative Learning Group Project
Case:
HR-5
The Men’s Wearhouse: Success in a Declining Industry
Team Members: [Group 3]
Justin Carr
Nichole Thompson
Nickala Major
Roni Garrett
Submitted: July 2, 2012
Respectfully submitted to: Dr. Daniel Gilbert
Abstract
The clothing retail industry has faced challenges that few have overcome; those that do have developed innovative managerial practices to inspire their human resources and empower their ability. Men’s Wearhouse mastered the niche; however, faced with their expanding growth, new challenges crop up and demise lurks. Men’s Wearhouse specializes in men’s apparel and custom tailoring. They have had notable success generating revenue and gaining a solid grasp on the market share. Men’s Wearhouse experienced massive growth between 1991 and 1996. From its opening in 1973, to its going public in 1991, the company had increased to 85 stores. In the five years after going public, the company saw their store number increase by over 400% to 345 stores nationwide (Stanford Graduate School of Business, Case HR-5, 2010, p. 2)
The Men’s Warehouse appears to be a company that prides itself on driving the customer and shareholder’s experience while placing a high value on its human resources. George Zimmerman, founder and CEO, is expressive and passionate about his success in the clothing industry and his ideology on human resources. Zimmerman understands the importance of unleashing human potential through various means by simply investing in human capital. He says:
As we look forward in the business world, I see a lot of very big companies that aren’t going to be around too much longer… what creates longevity in a company… The last thing most MBAs probably think of as value is the untapped human potential. (Stanford Graduate School of Business, Case HR-5, 2010, p. 3)
This is substantiated. When done correctly, this investment
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