This is the 16th consecutive quarter in which same-store sales declined for the troubled Edina-based hair salon, the Star Tribune reports. Earnings will be disclosed when the full report is released next month. In a statement, interim Regis CEO Eric Bakken wrote, "Meaningful change is underway at Regis, and, as we look forward to fiscal 2013, we expect these changes will drive improvement in our same-store sales results."
Charges: Cop feared for his life during struggle for gun with suspect
Allen Denzel Oliver-Hall has been charged with second-degree assault with a dangerous weapon.
Shootout near Erik's Bike Shop, Lunds & Byerlys in Burnsville
Police say youths were shooting at each other on Saturday afternoon.
Fishermen find body floating in Minnesota River in Shakopee
The body was found upstream from Minnesota River Heritage Park.
Minneapolis man dies after crash leaves him pinned under vehicle
Clemente Garcia, 20, died Wednesday morning.
19-year-old gunned down marks 43rd homicide in Minneapolis this year
The victim's identity has not been released.
Woman breaks free after being kidnapped and taken to Brooklyn Park
The woman was taken by force as she arrived at her work in Plymouth.
Planned Parenthood suspends abortion services in WI due to 173-year-old law
A battle in the courts is likely coming.
How the fastest animal on the planet returned to MN after local extinction
The fastest animal on Earth had once vanished from Minnesota and Wisconsin.
St. Paul's new 'skate trail' brings non-traditional park to life
Gateway Park is the first of four parks to open in the Highland Bridge redevelopment.
80 mph winds, large hail possible with severe storms in MN
A severe thunderstorm watch is in effect for much of the state until 3 a.m. Saturday.
30 people evacuated as flooding hammers small town
It's assumed that at least eight inches of rain fell in Randall, with more heavy rain expected Friday night into Saturday morning.
Regis loses nearly $64M in 4Q
The troubled Edina-based hair salon operator reported it lost $63.6 million in the fourth quarter because of a hefty impairment charge and fewer customers, the Twin Cities Business reports. Excluding non-operational items, Regis earned 40 cents per share, topping Wall Street estimates of 31 cents.
Regis Corp. plans to trim hair salons and brands
The new Chief Operating Officer told the Star Tribune the Edina-based company will close less than 10 percent of its 7,500 company-owned stores. An exact figure or locations were not disclosed. Regis also plans to eliminate half of its 50 brand names and convert most of the affected salons. The struggling company wants to reduce costs and simplify its business model.
Regis Corp. hires new president and CEO
The struggling Edina-based hair care giant has chosen Royal Caribbean Cruises executive Daniel Hanrahan as its new chief executive officer. Hanrahan will join Regis Corporation on August 6. Most recently, he was president and CEO of the Celebrity Cruise brand. Interim COO Eric Bakken was tapped to serve as interim CEO of Regis earlier this month.
Regis Corp. taps Bakken to serve as interim CEO
Eric Bakken will serve as its interim chief executive officer while the Edina-based hair-care company continues its search, Twin Cities Business reports. Bakken already serves as chief operating officer, executive vice president, general counsel, and business development officer.
NoDak's 1Q taxable sales surge 52 percent
North Dakota's Tax Department says the state recorded $5.3 billion in taxable sales during the first three months of 2012, the Associated Press reports. Commissioner Cory Fong says, "We are growing at a level beyond what we could have expected." North Dakota also has the nation's lowest unemployment rates.
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