Regis Corporation Franchise News

MINNEAPOLIS - (BUSINESS WIRE) - Regis Corporation (NYSE:RGS) (“Regis”), the global leader in the $160 billion hair care industry, today announced that it is in discussions with Daniel Beltzman, Managing Member of Birch Run Capital, LLC (“Birch Run”), regarding the potential for Mr. Beltzman to be included on the Company’s ballot for election to the Regis Board of Directors at the 2012 Annual Meeting of Shareholders. Birch Run and its affiliates own approximately 10.4% of the outstanding shares of Regis.
“We are pleased with the recent activity at Regis, including the agreement to sell the Company’s minority ownership interest in Provalliance and our efforts to increase customer traffic and improve customer experiences,” said Joel Conner, independent Chairman of the Board...

Current Regis Franchisees Opened 23 Salons in Fiscal Third Quarter
May 10, 2012 // Franchising.com // MINNEAPOLIS – Regis Franchise, a division of Regis Corporation (NYSE:RGS), the global leader in the $160 billion haircare industry, increased its franchisee base while current franchisees opened more than 20 salons in the company’s fiscal third quarter, January through March 2012. Regis Franchise welcomed 12 entrepreneurs who will operate Regis Franchise salon concepts, including the successful Supercuts and Roosters Men’s Grooming Center brands.
Additionally, existing Regis franchisees representing multiple salon brands opened 23 new locations in 15 states and provinces: Arizona, California, Colorado, Connecticut, Georgia, Idaho, Massachusetts, Michigan, North Carolina, New Jersey, Oklahoma, Pennsylvania, Tennessee, Texas and British Columbia, Canada...

Joel Conner Named Independent Chairman of the Board Effective Immediately
May 02, 2012 // Franchising.com // Regis Corporation (NYSE: RGS), the global leader in the $160 billion haircare industry, today announced that Paul D. Finkelstein has resigned from his positions as director and Executive Chairman of the Regis Board of Directors, as of April 30, 2012. Joel Conner, currently a Regis director, has been named independent Chairman of the Board, effective immediately.
"I am pleased with the progress the Company has recently made, including the agreement to sell Regis' minority ownership interest in Provalliance, and the development of a comprehensive plan to re-energize our salons. This Board remains committed to overseeing the positive change that is already underway at Regis and remains focused on enhancing shareholder value," said Joel Conner, independent Chairman of the Board...

2Q12 GAAP net loss of $57.4 million; GAAP diluted loss per share of $1.01
2Q12 operational diluted earnings per share of $0.32 up 24.8% from $0.25 in 2Q11

MINNEAPOLIS--(BUSINESS WIRE)--Regis Corporation (NYSE:RGS), the global leader in the $160 billion haircare industry, today reported a second quarter net loss of $1.01 per share. These results include non-operational after-tax items of $77.0 million primarily related to the non-cash write-down of goodwill in its Hair Restoration Centers segment. Absent non-operational items, second quarter operational earnings increased to $0.32 per diluted share.
Randy L. Pearce, President, commented, "Our second quarter operational earnings of $0.32 per share were the result of Regis' commitment to improving financial performance while continuing to develop and implement our strategy to drive new traffic and increase customer retention rates by enhancing the salon experience...

Board of Directors Initiates Search for CEO
Board Strengthens Policies on Executive Compensation and Retains Towers Watson as Executive Compensation Consultant
MINNEAPOLIS--(BUSINESS WIRE)--Regis Corporation (NYSE:RGS), the global leader in the $160 billion haircare industry, today announced that Randy L. Pearce has informed the Company of his intention to retire as President and as a member of the Board of Directors effective June 30, 2012, the end of the Company’s current fiscal year.
“On behalf of the Board and everyone at Regis, I thank Randy for his leadership and his 27 years of dedication to Regis, our shareholders and all of our employees”
As previously announced, Paul D. Finkelstein will step down as Chief Executive Officer of Regis in February 2012...

October's Nationwide Clip for the Cure Raises Funds for Breast Cancer Research
MINNEAPOLIS, Nov. 22, 2011 /PRNewswire/ -- Regis Corporation (NYSE: RGS) is proud to announce that their annual, national Clip for the Cure campaign reached its target goal and raised over $1 million for the Regis Foundation for Breast Cancer Research. The campaign took place in October, which is National Breast Cancer Awareness month. Regis Corporation, the global leader in the $160 billion haircare industry, has been supporting the cause since 1990. To date, Regis stylists, staff and clients have raised over $9 million to fund groundbreaking breast cancer research at Mayo Clinic and other nationally recognized centers.
Over 7,400 Regis Corporation corporate salons across the country kicked off October by hosting a one-day haircutting event, followed by additional fundraising opportunities throughout the month...

(October 27, 2011) - Regis Corporation (NYSE:RGS), the global leader in the $160 billion hair care industry, today announced that its newly constituted Board of Directors has appointed Randy L. Pearce, currently President of Regis, to the Board of Directors, effective immediately. The addition of Mr. Pearce will expand the Regis Board to eight directors. As previously announced, Mr. Pearce will succeed Paul D. Finkelstein as Chief Executive Officer in February 2012.
"We welcome Randy to the Regis Board of Directors," said Paul D. Finkelstein, Chairman and Chief Executive Officer. "Randy has been an integral part of the Company since he joined Regis over 25 years ago. We look forward to benefiting from his insights, leadership and experience gleaned throughout his career as Regis implements important revenue and cost initiatives to increase shareholder value...

November 02, 2011 // Franchising.com // Regis Corporation (NYSE: RGS), the global leader in the $160 billion hair care industry, today announced that its Board of Directors has declared a regular quarterly dividend of six cents per share. The dividend is payable November 24, 2011, to shareholders of record as of November 10, 2011. There are 57,716,018 shares outstanding.
About Regis Corporation
Regis Corporation (NYSE:RGS) is the beauty industry's global leader in beauty salons, hair restoration centers and cosmetology education. As of September 30, 2011, the Company owned, franchised or held ownership interests in approximately 12,800 worldwide locations. Regis' corporate and franchised locations operate under concepts such as Supercuts, Sassoon Salon, Regis Salons, MasterCuts, SmartStyle, Cost Cutters, Cool Cuts 4 Kids and Hair Club for Men and Women...

-Service Customer Visitation Trends Continue to Improve-
MINNEAPOLIS--(BUSINESS WIRE)--Regis Corporation (NYSE:RGS), the global leader in the $160 billion hair care industry, today reported consolidated revenues decreased 1.7 percent in the first fiscal quarter of 2012 to $569 million, compared to $578 million a year ago. First quarter total same-store sales decreased 3.1 percent.
"While there was moderate improvement in service customer visitation trends of thirty basis points versus the fourth quarter, we are not satisfied. The Company continues to take numerous concrete steps to convert new trial into repeat salon visits, and we are confident that customer visitation trends will continue to improve throughout the year. The Regis management team remains committed to implementing its important revenue and aggressive cost cutting initiatives to drive customer traffic and enhanced financial performance," said Randy L...

MINNEAPOLIS--(BUSINESS WIRE)--Regis Corporation (NYSE: RGS) ("Regis"), the global leader in the $160 billion hair care industry, today issued the following statement in response to Starboard Value LP's ("Starboard") letter to Regis shareholders in connection with the Company's 2011 Annual Meeting of Shareholders scheduled to be held on October 27, 2011:
"Regis continues to focus on profitable growth and enhancing shareholder value through its carefully planned and appropriate strategy of revenue initiatives, cost cuts, governance changes and review of alternatives for non-core assets. We believe Starboard's letter is misleading and contains numerous errors, while also falsely claiming credit for initiatives that predate Starboard's investment in the Company in June of this year...

Company Unveils New Strategic Initiatives and Governance Changes to Enhance Shareholder Value
MINNEAPOLIS--(BUSINESS WIRE)--Regis Corporation (NYSE:RGS) ("Regis"), the global leader in the $160 billion hair care industry, today announced that it has filed with the Securities and Exchange Commission (the ″SEC″) definitive proxy materials in connection with the Company's 2011 Annual Meeting of Shareholders, scheduled for October 27, 2011. Regis shareholders of record as of August 30, 2011 will be entitled to vote at the 2011 Annual Meeting of Shareholders. The definitive proxy materials contain the unanimous recommendation of the Regis Board of Directors that shareholders elect the Board's seven nominees, Paul D. Finkelstein, Rolf F...

Help Raise $1 Million For Breast Cancer Research MINNEAPOLIS, Aug. 31, 2011 /PRNewswire/ -- This year, the American Cancer Society estimates over 230,000 new cases of invasive breast cancer will be diagnosed in women.

On Saturday, October 1, 2011, over 7,400 Regis Corporation (NYSE: RGS) corporate salons across the country will host a one-day haircutting event in support of breast cancer research. You can help raise $1 million in the fight against breast cancer by getting a haircut on that day; 10% of proceeds from each haircut will go to the Regis Foundation for Breast Cancer Research.

The Saturday haircutting event also kicks off Regis Corporation's annual, month-long Clip for the Cure campaign. Throughout October, which is National Breast Cancer Awareness month, participating salons are offering additional fundraising opportunities...

Regis Increases Equity Ownership in Provalliance to 46 Percent MINNEAPOLIS--(BUSINESS WIRE)--Regis Corporation (NYSE: RGS), the global leader in the $160 billion hair care industry, today announced that it has agreed to increase its ownership stake in Provalliance, the largest hair salon company in Europe.

"We are extremely excited to expand our ownership interest in Provalliance" .Under the terms of the agreement, Regis will pay approximately $56.0 million to secure an additional 17 percent ownership interest, bringing its total equity position in Provalliance to 46 percent. The transaction is expected to close prior to June 30, 2011, and is projected to add approximately six cents to earnings per share on a full year basis. The transaction results from Regis' acceptance of a previously-disclosed equity put right held by one of the other investors in Provalliance...

October's Nationwide Clip for the Cure Raises Funds for Breast Cancer Research and Education MINNEAPOLIS, Dec. 1, 2010 /PRNewswire/ -- Regis Corporation would like to thank their stylists, customers and business partners, who together helped raise over $1 million for the Regis Foundation for Breast Cancer Research during their annual October Clip for the Cure event. Regis Corporation (NYSE: RGS), the global leader in beauty salons, hair restoration centers and cosmetology education, has been supporting the cause since 1990.

During the company's month-long Clip for the Cure, participating salons offered discounted haircuts and sold exclusive pink products to benefit the cause. Also as part of the campaign, 10% of net proceeds from the sale of private label products was donated to the Regis Foundation for Breast Cancer Research...

Clip for the Cure Campaign has Raised over $6.5 Million for Breast Cancer Research

MINNEAPOLIS, Sept. 13 /PRNewswire/ -- In October, Regis Corporation (NYSE: RGS), the global leader in the haircare industry, will kick off its annual Clip for the Cure, a month-long campaign to raise money and awareness for breast cancer research in support of National Breast Cancer Awareness Month. To date, the company's dedicated stylists and clients have raised more than $6.5 million for the cause.

Regis Corporation salons are taking part in the October Clip for the Cure campaign in a variety of ways. On select days throughout the month, thousands of stylists at participating Regis Salons, SmartStyle, Supercuts, MasterCuts, Fiesta Salons, HairMasters and TGF Hair Salons will offer specially priced haircuts or donate a percentage of each haircut to the Regis Foundation for Breast Cancer Research...

SOUTH PLAINFIELD, N.J., Feb. 9 /PRNewswire-FirstCall/ -- CAPE Systems Group, Inc. (Plink Sheets: CYSG), a leading provider of supply chain optimization technologies, today announced that it has implemented a Transportation Management System (TMS) for Regis Corporation, the global leader in the hair care industry.

Bruce McMahon, Vice President of Logistics for Regis Corporation, commented, "We are extremely pleased with the transportation management system provided by CAPE. There were a number of complex requirements that CAPE was able to deliver on time according to our expectations. The new system provides us with immediate savings on our shipping costs."

Dave Sasson, COO and CTO of CAPE, commented, "We are extremely pleased that Regis Corporation selected CAPE to help solve their complex transportation system requirements and to help reduce their shipping costs...

Second Quarter Consolidated Revenues Decreased 2.0 Percent

MINNEAPOLIS--(BUSINESS WIRE)--Regis Corporation (NYSE:RGS), the global leader in the $170 billion hair care industry, today reported consolidated revenues decreased 2.0 percent in the second fiscal quarter of 2010 to $575 million, compared to $587 million a year ago. Second quarter total same-store sales decreased 3.7 percent.

"Our business is the quintessential replenishment business providing consumers an affordable necessity, and we are well positioned for the long-term. In the near-term, we continue to see benefit from our operational and corporate office expense control initiatives and remain focused on maintaining a conservative balance sheet."

"In December 2008, we began to see a significant lengthening in consumers' salon visitation patterns due to the economic recession," commented Paul D...

MINNEAPOLIS -- Regis Corporation (NYSE:RGS - News) ("Regis"), the global leader in the $170 billion hair care industry, today announced that yesterday evening it entered into an agreement to sell $150 million aggregate principal amount of its 5.0% convertible senior notes due 2014, and an agreement to sell 11,500,000 shares of its common stock at $12.37 per share, which was the closing sale price per share on July 8, 2009. In addition, Regis has granted the underwriters an over-allotment option to purchase up to an additional $22.5 million aggregate principal amount of notes, and up to an additional 1,725,000 shares of common stock, on the same terms and conditions.

The notes will be unsecured, senior obligations of Regis and interest will be payable semi-annually at a rate of 5...

May 05, 2009 // Franchising.com // Regis Corporation (NYSE:RGS), the global leader in the $170 billion hair care industry, today announced that management is scheduled to deliver a presentation at the Robert W. Baird 2009 Growth Stock Conference at the Four Seasons Hotel in Chicago, IL on Tuesday, May 12, 2009.

Interested parties may access a live webcast of this presentation on Tuesday, May 12, 2009 at 8:20 a.m. Central time. To access the webcast, go to the Investor Information section on the Regis Corporation website at www.regiscorp.com. About Regis Corporation Regis Corporation (NYSE:RGS) is the beauty industry's global leader in beauty salons, hair restoration centers and cosmetology education. As of March 31, 2009, the Company owned, franchised or held ownership interests in over 12,800 worldwide locations...

May 04, 2009 // Franchising.com // The board of directors of Regis Corporation (NYSE: RGS) announced that the regular quarterly dividend of four cents per share will be payable May 28, 2009 to shareholders of record May 14, 2009. There are 43,197,582 shares outstanding. About Regis Corporation Regis Corporation (NYSE:RGS) is the beauty industry's global leader in beauty salons, hair restoration centers and cosmetology education. As of March 31, 2009, the Company owned, franchised or held ownership interests in over 12,800 worldwide locations. Regis' corporate and franchised locations operate under concepts such as Supercuts, Sassoon Salon, Regis Salons, MasterCuts, SmartStyle, Cost Cutters, Cool Cuts 4 Kids and Hair Club for Men and Women. In addition, Regis maintains an ownership interest in Provalliance, which operates salons primarily in Europe, under the brands of Jean Louis David, Franck Provost and Saint Algue...