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.
Minnesota to offer free school meals to 90,000 extra students
Gov. Tim Walz, who is facing re-election in November, announced the measure on Monday.
Minneapolis man dies from injuries days after motorcycle pileup
The 69-year-old died after four days at Regions Hospital.
Police: 15-year-old missing from home north of Twin Cities
Authorities say he may be headed to the metro.
5,760 cases of Capri-Sun recalled as they might contain cleaning fluid
"The taste of fun" isn't that fun currently...
25-year-old Hopkins man drowns after falling off boat
The man reportedly fell from the boat while fishing with friends.
New report details hate crimes in Minnesota last year
Hate crimes in Minnesota rose in 2021.
Low cancels Europe shows due to Mimi Parker's cancer treatment
The Duluth band says the decision follows 'recent changes' in Parker's treatment.
Twin Cities LA Fitness closed after fire Monday morning
The gym will remain closed for the day.
State contacts over 100 landowners in Rush Creek fish kill investigation
The deaths of the fish remain unexplained.
Wisconsin man admits to 1992 revenge killings 15 years after boyhood tragedy
The 52-year-old man is in custody 30 years after the 1992 double murder.
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.
Edina's Regis to sell remaining 3,108 company-owned hair salons
The haircare company will go to a fully franchised portfolio.
Regis sells Hair Club for Men and Women to Japanese firm
For Edina-based Regis, the deal will help it concentrate on its core salon businesses which include Supercuts and MasterCuts. The company also shed some other non-core assets of late, the Star Tribune points out. In April Regis announced that it was selling its minority stake in Europe's biggest hair salon company, Provalliance.
Regis 4Q sales drop 4 percent
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."
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.
Anytime Fitness acquires Denver-based hair-removal salon chain
Anytime Fitness Inc., based in Hastings, Minn., has agreed to buy Denver-based Waxing the City, a small chain of salons dedicated to waxing and hair removal services, the Business Journal reports. Terms of the deal were not disclosed.
Regis is closing SmartStyle salons in 600 Walmarts
The Edina-based salon chain made the announcement Monday morning.
You Can Get BMTN Special Offers!