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.
Jordan Greenway runs into Darcy Kuemper, sparks fight
Kuemper got knocked out of the game, leading to the brawl.
MacKinnon's controversial goal helps Avalanche top Wild
Kirill Kaprizov's two goals were spoiled by a questionable call.
Attorney accused of sex assault misses hearing, DMs judge
He was arrested the next day after a warrant was issued,
Charges: Man who killed father with hammer says 'the devil made me do it'
The 33-year-old has been charged with murder.
Winter Carnival: Get vaccinated or test negative before coming
Organizers are also reminding people to be mindful of the city's emergency regulations.
2-year-old California girl hurt in crash in southern MN
Another passenger was also injured.
Did either of these 2 MN homes get voted the 'Ugliest House in America'?
This story contains spoilers for the HGTV series.
Driver, 15 years old, hurt when car collides with SUV
The road was wet at the time, the State Patrol said.
Twin Cities family featured on Andrew Zimmern's 'Family Dinner'
The episode made its TV debut Sunday.
California-inspired restaurant opens this week in downtown Minneapolis
It's located on the ground floor of the IDS Center.
Minnesotans have the Badgers back in the national spotlight
Three of Wisconsin's four leading scorers are from Minnesota.
Liriano retires: Remembering his meteoric rise as a rookie
There was no one better than Liriano from mid-May to late-July in 2006.
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.
Capella University will lay off 65 workers
The online school is letting go of about 4 percent of its non-faculty workforce. The company says in a news release that a move away from third-party marketing has left it with excess capacity. The Business Journal reports the company has seen enrollment decline recently.
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 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.
You Can Get BMTN Special Offers!