Regis Corp. narrows second-quarter loss

Regis Corp., the struggling hair salon operator based in Edina, said it lost $12.3 million, the Associated Press reports. That's compared with a loss of $57.4 million in the same quarter a year ago.

"By adding hours, we are beginning to see improvements in guest traffic, especially in our SmartStyle and Supercuts businesses," Dan Hanrahan, president and CEO, said in a news release. "We are in the early stages on several initiatives focused on creating an ideal guest experience that drives loyalty and repeat business, developing, retaining and attracting the best stylists and optimizing our brand portfolio."

Hanrahan joined the hair care company about six months ago. Prior to that he was the CEO and president of Celebrity Cruises.