| Accounting
Our
Accounting Team at Classic Tuxedo sets profit objectives while monitoring
our day-to-day business so that we follow regulation.
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Bookkeeping – All financial information from our
corporate office and individual store locations is accounted for
and balanced. Retail and services revenue along with short and
long term expenses are calculated and recorded. The effect of
every type of transaction on the profit-and-loss statement must
be understood before it even occurs.
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Banking – Transactions between the bank and our
business take place daily and must be monitored carefully to ensure
accuracy.
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Providing Groundwork – Data tabulated by the accounting
team is critical information used as the very foundation for other
departments such as Finance and Loss Prevention. These figures
are also necessary for the work done by outside auditors. And
finally, any unusual trends are reported directly to the CEO.
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Finance
Our
Finance Team helps us analyze current projects as well as plan for
our future growth by working closely with Accounting and Loss Prevention.
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Reporting - Every stakeholder in our company - including
shareholders, creditors, and other members of management - rely
on the accuracy and timeliness of the financial information. The
information reported needs to be accurate, because many decisions
are based on it.
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Treasury – The Finance team decide how to invest
our money, taking into consideration risk and liquidity. In addition,
they oversee our capital structure, determining the best mix of
debt, equity and internal financing.
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Economic Strategizing - Identifying and reporting what
areas of our company are most efficient and how we can capitalize
on this information is also prepared. It includes economic forecasting
and modeling - in other words, trying to predict the best way
to ensure our success in the future.
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Human
Resources
Our
HR Team maintains a great work atmosphere by building the Classic
Tuxedo family that can best serve our customers and our employees.
- Recruiting
– The most qualified candidates must be attracted to our
company. They are then matched to the jobs for which they are
the best suited and will benefit our team.
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Administration – Handling employee benefits, interviewing
and hiring, and creating employee policies are among the many
organizational tasks that the Human Resources team are relied
upon for.
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Work Environment – Increased productivity at Classic
Tuxedo comes from our high morale in the workplace. This is also
a way Human Resources can then limit potential job turnovers and
other losses.
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Information
Systems
For
internal technology we have our own IT experts to make certain our
systems are up-to-date and working properly.
- Communication
- Classic Tuxedo is always accessible via the technologies Info
Systems attends to for us like phones, fax, email, website and
more.
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Competing – To stay alive in today’s economy
and business world, a company must continuously modernize. Going
above and beyond, we are always aware of the latest tech advances
in our field.
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Efficiency - Helping our organization make timelier and
strategic decisions, improving business results and more effectively
managing the work processes are some of our many IT accomplishments.
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Loss
Prevention
Our
Loss Prevention Team creates and implements procedures that can
best protect the valuable assets in all of our store locations.
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Evaluation – Understanding losses that have occurred
in the past, occur now, and may occur in the future such as theft,
operational errors, and check fraud are important to our financial
success.
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Procedure Management – Not only creating but implementing
LP procedures and policies assures increasingly affective safety
precautions.
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Technologies – Figuring out the best equipment
for keeping our property safe is often important for carrying
out the procedures. These tools include scanners, security, credit
checks and inventory control technologies.
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Management
Our
experienced Classic Tuxedo Retail Management Team mission is to
increase productivity, merchandise effectively, and meet our company
goals. The whole management team builds and maintains vital relationships
with business partners and customers to insure quality pricing,
customer service and deliverables of Formalwear garment for that
special event.
District
Our District Managers are experts in driving sales through outstanding
customer service and have important roles in meeting or exceeding
sales expectations. We rely upon our District Managers to generate
sales, problem solve, identify critical business needs, implement
profitable solutions and train our Store Employees.
Store
Manager
Our Store Managers review the previous day's sales figures with
an energetic staff, recognizing top performers and offering knowledge
and expertise to those who need guidance. They also manage inventory,
merchandise displays, Associate performance, and resolve customer
issues and strive for excellence in servicing our customer’s
needs
Sales
Associates
Our Sales Associates strive to provide the best possible customer
service to our Classic Tuxedo customers. The Associates compliment
the Store Managers in achieving attainable goals set by the Company
and insure that our customers receive the highest level of service
for that special event.
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Marketing
Our
Marketing, team seeks out fresh ways to bring the customer high
quality formalwear and services at competitive prices.
- Analysis
– By breaking down the formalwear marketplace, the Marketing
team identifies consumer groups as well as the competition.
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Positioning – Our Marketers decide the best consumer
target segments for our business and try to predict their buying
trends. Not only must we define our strategy in accordance with
customer wants and needs, but also relative to the competition.
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Marketing Mix – A combination of product, place,
price, and promotion is created and put into practice throughout
our stores and the channels we use to reach consumers. And finally,
the success of our different projects is analyzed.
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