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.
Eric Perkins, Miss Minnesota, Paul Fletcher create new podcast
The podcast is released Tuesdays at 8 a.m. and is available wherever you find podcasts.
MSP Airport debuts mock aircraft to help ease flying anxiety
The pre-flight experiences cover the TSA screening procedure, exploring a terminal, boarding a plane and meeting a pilot, and preparing for takeoff.
These Minnesota kids will be competing at National Spelling Bee
The upcoming event in Maryland will be the first fully in-person Scripps National Spelling Bee since 2019.
New data shows how omicron has impacted kids in Minnesota
The new data shows breakthrough data during the omicron period, which began Dec. 19, 2021.
Albert Lea shooting suspect arrested after 3 weeks on the run
He is accused of shooting a man in the upper thigh on May 1.
Motorcyclist, 59, killed after losing control on right curve
The Harley Davidson rider was thrown from his bike.
Minnesota's 2022 legislative session: What's happening?
A list of items agreed upon and yet to reach any bipartisan agreement in the latest legislative session.
Water main break floods 40-45 homes in St. Louis Park
The city says the rupture happened on Minnetonka Boulevard.
Charges: 6-year-old Eli Hart shot up to 9 times by his mother
The 28-year-old is facing 2nd-degree murder charges.
Former WCCO Radio host Dave Lee moves into podcasts
His new podcast, called 'My First Concert,' launched last week.
Tow boat collides with Mississippi River lock and dam in Alma, WI
The crash remains under investigation by the United States Coast Guard.
Police: Man in minivan approached kids, claimed he was former principal
Investigators say children were approached by a man in a white minivan who falsely claimed he'd been a local school principal.
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. 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 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 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."
Hutchinson Tech promotes VP to CEO
The Hutchinson, Minn.-based disk-drive maker has named longtime insider Richard Penn, 56, to succeed Wayne Fortun as president and chief executive officer starting Oct. 1. Fortun will replace company co-founder Jeffrey Green as chairman of the board. Penn currently serves as senior vice president of the company and president of its Disk Drive Components Division.
Regis lays off 110 workers; stock rises as profits beat forecasts
Edina-based Regis laid off about 15 percent of its corporate workforce, according to the Business Journal. The hair salon operator also posted higher-than-expected profits.
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