The Men's Wearhouse, Inc. (NYSE:MW)
A Specialty retailer of men's suits in the United States and Canada.
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MW has diversified into Tux rental and Dry Cleaning. Its impact on Tux Rental has already been significant. Dry Cleaning has never been successfully made a national brand. Their entry into this area has been well thought out. First the purchase of 2 of the best chains in Houston. I could go into detail on how brilliant their choices have been in the selection of solvent, equipment, computer software, and top management; but I'll not bore you. Next will be Dallas/Fort Worth. This entry will take time due to the huge fixed costs involved. Watch!
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P/E BELOW GROWTH, BENEFITS FROM HIGH EMPLOYMENT
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Management and Employees are the most powerful source of sustainable competitive advantage firms have today. The Fool Krewe talks about the importance of good management. I'm a fool willing to bet on it. Good Leadership and Management of Employees is powerful and hard to imitate. Men's Wearhouse is one of the companies I teach when I teach HR, as an example of an organization that does things right. They have a strong culture in which employees care about helping one another and helping customers. I will elaborate on this in the next few weeks. But, suffice to say, I'm an HR professor who has decided to put my money where my mouth is. I believe that Strategic Human Resource Management has bottom line importance. So, let the HR based fool-folio begin.
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Good values, big bucks on advertising, good mass appeal
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