Chaz always made sure I looked good. For years I would drop by my local Men’s Warehouse to buy a couple of dress shirts, a pair of slacks, and sometimes a suit. Chaz always seemed to be there and he always seemed to remember my name. I don’t know how he did it, but he remembered me (and my sons) even if it had been 18 or 24 months since I was last in the store. I was never what you’d call a big customer, but my adult sons and I usually ended up standing in front of Chaz when it was time to buy a suit or a new dress shirt.
After several years of taking care of us, he moved on a couple of years ago—he might have even retired. I’ve been back since then, and can’t complain. They still take care of me and seem to remember who I am, but it was really Chaz that kept me coming back.
Men’s Warehouse has been in the news recently as last week they fired George Zimmer, the founder and company spokesperson. None of the press is very complimentary of Zimmer or the company. Aaron Smith, writing for CNNMoney, says, “Men’s Warehouse explained Tuesday why it fired executive chairman George Zimmer last week, depicting the founder as power-hungry in his desire to sell the company to private investors.”
Lest you think the mud slinging doesn’t go both ways, NCB News reported that Zimmer was upset with a potential increase in salaries for the top executives. “One of the issues that led to Zimmer’s ouster was his growing concern about rising compensation for the top executives, which he opposed.”.
It’s not hard to understand a founder’s desire to sell-out to an investment group. Tech CEOs do it every day. Although I’m not personally a fan of the practice, it tends to compel companies to think short term. That being said, it’s a part of doing business and I can’t blame the 61 year old Zimmer for wanting the pot of gold at the end of the rainbow, but depending upon which version of the story you believe, that may or may not be the case.
Men’s Warehouse is a pretty incredible success story when you consider he started the company out of the back of his car in the 70s. In fact, what he identifies as his secrets of success would help any small business owner:
I can’t help but wonder if the board has forgotten what made Men’s Warehouse successful. As a customer, I think investing in their workforce and facilitating an environment of trust with customers is critical to the success of any organization. Unfortunately, the recent attention Men’s Warehouse is getting has me wondering if those values still mean anything to the corporation—or maybe even to Zimmer.
© 2024 Created by DealerELITE. Powered by
You need to be a member of DealerELITE.net to add comments!
Join DealerELITE.net