Last $13.79 USD
Change Today -0.14 / -1.01%
Volume 300.6K
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As of 8:04 PM 08/1/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

7201 Metro Boulevard

Edina, MN 55439

United States

Phone: 952-947-7777

Fax:

Regis Corporation owns, operates, and franchises hairstyling and hair care salons for men, women, and children. As of June 30, 2013, the company owned, franchised, or held ownership interests in 9,763 locations worldwide. The company's locations consist of 9,517 company-owned and franchised salons and 246 locations in which the company maintains a non-controlling ownership interest of approximately 100 percent. Each of the company's salon concepts generally offer similar salon products and services and serve the mass marketplace. The major services supplied by the company's salons are haircutting and styling (including shampooing and conditioning), hair coloring, and waving. The company's salon operations are managed geographically—North America and International. The company's North American salon operations comprise 7,084 company-owned salons and 2,082 franchised salons operating in the United States, Canada, and Puerto Rico. The company's International operations comprise 351 company-owned salons in the United Kingdom. The company's salons operate primarily under the trade names of SmartStyle, Supercuts, MasterCuts, Regis Salons, and Cost Cutters, and they generally serve two categories within the industry. SmartStyle, Supercuts, MasterCuts, Cost Cutters, and other regional trade names are generally within the affordable category, offering convenience and value priced hair care and beauty services and retail products. Regis Salons are in the mass premium category offering upscale hair care and beauty services and retail products. The company's North American business comprises 6,222 company-owned salons operating in the affordable category, located mainly in strip center locations and Walmart Supercenters, and 862 company-owned salons operating in the premium category, primarily in mall based locations. Salon Concepts SmartStyle: SmartStyle salons offer a range of custom styling, cutting, hair coloring, and waving services, as well as professional hair care products and are located in Walmart Supercenters. Additionally, the company has 123 franchised Cost Cutters salons located in Walmart Supercenters. Supercuts: Supercuts salons provide hair care services and professional products to its guests at convenient times and locations and at value prices. This concept appeals to men, women, and children. MasterCuts: MasterCuts salons are a full service, mall based salon group which focuses on the walk-in consumer who demands moderately priced hair care services. MasterCuts salons emphasize hair care services. These salons offer a range of custom styling, cutting, hair coloring, and waving services, as well as professional hair care products. Regis Salons: Regis Salons are primarily mall based, full service salons providing complete hair care and beauty services aimed at moderate to upscale, fashion conscious consumers. The guest mix at Regis Salons is approximately 80 percent women, and both appointments and walk-in guests are common. These salons offer a range of custom styling, cutting, hair coloring and waving services, as well as professional hair care products. Included within the Regis Salon concept are various other trade names, including Carlton Hair, Sassoon, Hair by Stewarts, Hair Excitement, and Renee Beauty. Promenade: Promenade Salons are made up of acquired regional company-owned salon groups operating under the primary concepts of Hair Masters, Cool Cuts for Kids, Style America, First Choice Haircutters, Famous Hair, Cost Cutters, BoRics, Magicuts, Holiday Hair, Head Start, Fiesta Salons, and TGF, as well as other concept names. Majority of concepts offer a range of custom hairstyling, cutting, coloring, and waving, as well as hair care products. Hair Masters offers moderately-priced services to a predominately female demographic, while the other concepts primarily cater to time-pressed, value-oriented families. International Salons: The company's International salons comprise company-owned salons operating in the United Kingdom primarily under the Supercuts, Regis, and Sassoon concepts. Salons offer a range of custom hairstyling, cutting, coloring, and waving, as well as professional hair care products. Salon Franchising Program The company has various franchising programs supporting its 2,082 franchised salons as of June 30, 2013, consisting mainly of Supercuts, Cost Cutters, First Choice Haircutters, and Magicuts. Affiliated Ownership Interests: The company maintains ownership interests in beauty schools and salons. The primary ownership interest is a 55.1 percent interest in Empire Education Group, Inc., which operates accredited cosmetology schools. Discontinued Operations In April 2013, the company sold its Hair Club for Men and Women business, a provider of hair restoration services. Competition The company faces competition from smaller chains of salons, such as Great Clips, Fantastic Sams, and Sport Clips. Governmental Regulations In the United States, the company's franchise operations are subject to the Federal Trade Commission's Trade Regulation Rule on Franchising and by state laws and administrative regulations that regulate various aspects of franchise operations and sales. History Regis Corporation was founded in 1954.

 

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