Regis closing about 600 SmartStyle salons

Regis closing about 600 SmartStyle salons
Posted at 6:49 PM, Jan 09, 2018
and last updated 2018-01-09 14:24:18-05

(RNN) - Regis, a salon company with locations across the world, announced on Tuesday it was closing 600 "nonperforming" company-owned SmartStyle locations.

SmartStyle salons are often found at Walmarts in the U.S., Canada and Puerto Rico.

The company said the closures were part of streamlining efforts.

"Regis is committed to maintaining our leadership position in the salon industry," said Hugh Sawyer, president and Chief Executive Officer of Regis Corporation, in a news release. "As a result, we are making significant strategic and operational changes to our business to increase customer traffic, invest in new technologies, decrease non-strategic costs, expand our franchise capabilities and create a new eco-system for customer interaction."

The company said the targeted locations will close by the end of the month, and are the only closures in the foreseeable future.

Those affected will be offered positions at other SmartStyles salons or other salons in the Regis Corporation family, which also owns, frachises or holds interest in Supercuts, SmartStyle, MasterCuts, Regis Salons, Sassoon Salon, Cost Cutters, Roosters and First Choice Haircutters locations.

Regis has 8,944 salons in its family of brands as of Sept. 30. The closures will leave about 2,000 SmartStyle salons.

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