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Financial Stability

Financial Stability. According to a recent Standard & Poor’s stock report the market is going to correct itself over the next few months, and it states that the retail industry will be one of the first industries affected by this. Too much expansion.

EllenMixel
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Financial Stability

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  1. Financial Stability • According to a recent Standard & Poor’s stock report the market is going to correct itself over the next few months, and it states that the retail industry will be one of the first industries affected by this.

  2. Too much expansion • With many stores open in the United States it would be very easy to start closing stores, at anytime anywhere in the United States, when the market begins to correct itself and sales are not doing as well.

  3. Risky Tuxedo Rental Expansion • With the recent addition of the tuxedo rental division of the The Men’s Wearhouse there will be a lot of pressure on many different departments of the company to make this complicated new business work for them. High Risk!

  4. Relocation • If a college grad aspires to join the corporate team of The Men’s Wearhouse, it is almost guaranteed that they will have to relocate to either California or Houston to work in the corporate offices.

  5. Commission • The Men’s Wearhouse does not offer commission benefits like other companies do for their managers even if they directly involved in the sale of a product.

  6. End of the Month Bonuses • If a store does not reach their target sales for the month, employees’ end of the month bonuses are reduced accordingly without taking into account inclement weather, seasons, or slow traffic.

  7. Bad Hours • The hours of the retail positions include weekends, evenings, and most holidays.

  8. Interviews with employees • In an interview with an employee in an Ohio Men’s Wearhouse, she stated that, “One of the things that they would change, would be that Men’s Wearhouse promoted more often from within.”

  9. Cons of Employment With The Men’s Wearhouse • Retail is on of the first industries affected if the market corrects itself • No store acquisitions do not necessarily add new jobs • Ventured into a risky area of tuxedo rental • You will have to relocate

  10. Cons of Employment with the Men’s Wearhouse • Does not offer the same commission benefits as other stores • If store falls below expected sales, then employees’ cash bonuses are affected • In retail the majority of hours worked will be evening and weekend • According to some employees promotion does not occur from within

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