Regis Corporation is the largest hair salon chain in the world, with over 11,000 salons (including both company-owned and franchises), it is ranked 778 on the Fortune 1000. It has its headquarters in Edina, Minnesota.
Its namesake is Regis Hair Salons, and it also owns the chains Carlton Hair International in Southern California, Images Salon in Las Vegas, NV, Michael of the Carlyle in Colorado Springs, and Denver, CO City Looks, Famous Hair, Best Cuts, Saturday's, HCUK, Supercuts, Pro-Cuts, Hair Crafters, Magicuts, MasterCuts, Borics Hair, Hair by Stewarts, Trade Secret, PureBeauty, SmartStyle, Cost Cutters, TGF Hair Salon, Hair Masters, Style America, Holiday Hair, and Mia & Maxx Hair Studio mostly in the United States, First Choice Haircutters based in Canada, and Vidal Sassoon, Jean Louis David, and Saint Algue based in Europe. In 2005 the company acquired Hair Club for Men and Women, in the hair loss field. The company recently sold all of its beauty schools to Empire Beauty School.
On January 10, 2006 Regis Corporation announced it would acquire the Sally Beauty Company business of Alberto-Culver. Sally has 2,419 Sally Beauty Supply stores and 822 Beauty Systems Group stores. However, on April 5, 2006, Alberto-Culver terminated the merger agreement and later Sally was spun off as a separate company.
Regis is based in Edina, Minnesota and was founded in 1922 by Paul and Florence Kunin as Kunin Beauty Salon, and renamed Regis in 1958 by their son Myron who acquired the chain.
Regis's biggest successful mergers are Sassoon and HCUK, bringing two new names to Regis, Sassoon (Vidal Sassoon) an upper class, very famous chain throughout Europe, and HCUK, formerly part of the Hair Cuttery chain. They also sell Designline hair products (2004) as well.
Regis Corporation is the world's largest owner and operator of mall-based hair and retail salons. Atypical of the industry, the company owns, rather than franchises, the vast majority of its salons, which are operated under six divisions: Regis Salons, Promenade Salon Concepts, MasterCuts, Trade Secret, SmartStyle Family Hair Salons, and International.
Regis Corporation is engaged in owning, operating and franchising hair and retail product salons. In addition to the primary hair and retail product salons, the Company owns Hair Club for Men and Women, a provider of hair restoration services. As of June 30, 2010, the Company owned, franchised or held ownership interests in over 12,700 worldwide locations. The Company's locations consisted of 9,929 Company-owned and franchise salons, 95 hair restoration centers, and 2,704 locations, in which the Company maintains an ownership interest of less than 100%. The Company's hair restoration centers offer three hair restoration solutions: hair systems, hair transplants and hair therapy.
The Company is organized in two lines of business: salons and hair restoration centers. Salon operations are managed based on geographical location, North America and international. The Company's North American salon operations consists of 7,505 Company-owned salons and 2,020 franchise salons operating in the United States, Canada and Puerto Rico. The Company's international operations consist of 404 Company-owned salons. The Company's worldwide salon locations operate primarily under the trade names of Regis Salons, MasterCuts, SmartStyle, Supercuts, Cost Cutters and Sassoon. The Company's hair restoration centers are located in the United States and Canada. The Company's salon concepts focus on providing hair care services and professional products, primarily to the middle consumer market. The Company's North American salon operations consist of 9,525 salons (including 2,020 franchise salons), operating under several concepts, each offering hair care products and services in the United States, Canada and Puerto Rico. The Company's international salon operations consist of 404 hair care salons located in Europe, primarily in the United Kingdom.
Regis Salons
Regis Salons are primarily mall based, full service salons providing complete hair care and beauty services aimed at moderate to upscale, fashion conscious consumers. As of June 30, 2010, of the 1,049 total Regis Salons, 157 Regis Salons were located in strip centers. The customer mix at Regis Salons is approximately 78% women and both appointments and walk-in customers are common. These salons offer a full range of custom styling, cutting, hair coloring and waving services, as well as, professional hair care products. Service revenues represent approximately 84% of the concept's total revenues.
Regis Salons compete in their existing markets primarily by emphasizing the high quality of the services provided. Included within the Regis Salon concepts are various other trade names, including Carlton Hair, Sassoon, Mia & Maxx Hair Studios, Hair by Stewarts and Heidi's.
MasterCuts
MasterCuts is a full service, mall based salon group which focuses on the walk-in consumer (no appointment necessary) that demands moderately priced hair care services. MasterCuts salons emphasize hair care services for the entire family. These salons offer a full range of custom styling, cutting, hair coloring and waving services, as well as professional hair care products. The customer mix at MasterCuts is split relatively evenly between men and women. Service revenues compose approximately 82% of the concept's total revenues.
SmartStyle
The SmartStyle salons share operating characteristics of the Company's other salon concepts, however, they are located exclusively in Wal-Mart Supercenters. SmartStyle has a walk-in customer base, pricing is promotional and services are focused on the family. These salons offer a full range of custom styling, cutting, hair coloring and waving services, as well as professional hair care products. The customer mix at SmartStyle Salons is approximately 76% women. Professional retail product sales contribute considerably to overall revenues at approximately 34%. In addition, the Company has 119 franchise salons located in Wal-Mart Supercenters.
Strip Center Salons
The Company's Strip Center Salons consists of Company-owned and franchise salons operating in strip centers across North America under Supercuts, Cost Cutters (franchise salons), Promenade Salons and Other Franchise Concepts. The Supercuts concept provides hair care services and professional products to its customers. This concept appeals to men, women and children, although male customers account for approximately 65% of the customer mix. Service revenues represent approximately 89% of total Company-owned Supercuts revenues. The Supercuts franchise salons provide hair care services and professional products. These Supercuts franchise salons appeal to men, women and children. Service revenues represent approximately 93% of the Supercuts franchise total revenues.
The Cost Cutters concept is a full service salon concept providing hair care services for men, women and children. These full service salons also sell a range of professional hair care products. The customer mix at Cost Cutters is split relatively evenly between men and women. In addition to the franchise salons, the Company operates Company-owned Cost Cutters salons.
Promenade Salons are made up of regional Company-owned salon groups operating under the primary concepts of Hair Masters, Cool Cuts for Kids, Style America, First Choice Haircutters, Famous Hair, Cost Cutters, BoRics, Magicuts, Holiday Hair and TGF, as well as other concept names. Most concepts offer a full range of custom hairstyling, cutting, coloring and waving, as well as hair care products. Service revenues represent approximately 89% of total Company-owned Promenade revenues. Other franchise concepts salons include primarily First Choice Haircutters, Magicuts, Beauty Supply Outlets and Pro-Cuts. In addition to these franchise salons, the Company operates Company-owned First Choice Haircutters and Magicuts salons.
International Salons
The Company's international salons consist of Company-owned salons operating in the United Kingdom primarily under the Supercuts, Regis and Sassoon concepts. These salons offer similar levels of service as the North American salons. Sassoon is a hair fashion and appeals to women and men looking for a full service hair salon. Salons are usually located on prominent high-street locations and offer a full range of custom hairstyling, cutting, coloring and waving, as well as professional hair care products.
In December 2002 Regis entered into a significant new enterprise with the purchase of four Vidal Sassoon beauty academies. The schools were acquired with 25 Vidal Sassoon salons in Canada, the United States, the United Kingdom, and Germany for an undisclosed amount. The transaction was expected to add $25 million in revenues during the fiscal year ending June 30, 2003, and $49 million in revenues during fiscal year 2004. In June 2004 Regis purchased Blaine Beauty Career Schools, which operated six academies in Massachusetts, in a deal that was expected to generate $15 million in revenues during fiscal year 2005. The curricula at the Vidal Sassoon and Blaine academies included programs in cosmetology, nail art, and aesthetic services such as makeup, facials, massage, waxing, and reflexology, among others.
Regis anticipated that the acquisition and planned expansion of its education business would continue to be profitable for many years because continued high unemployment rates in the United States and Europe promised a steady stream of students, and Regis's ability to place graduates in its salons encouraged students to stay on for the two- to three-year duration of training programs. Since all of the programs at its schools were certified for Title IV student financial assistance in the United States, students in that country could count on getting tuition aid to attend the Vidal Sassoon or Blaine training centers. Academies also generated a 20 percent operating income, more than the company's core salon businesses generated. This income promised to raise the per-share earnings of the company's stock. Although the new business was expected to account for slightly less than 5 percent of the company's revenues by 2009, the academies fit well with the company's focus on employee training as a means of reducing operating costs, maintaining high-quality service, and increasing product sales. In fiscal year 2004, for example, Regis employed 140 artistic directors and spent $16 million on training for 53,600 stylists.
In December 2004, the company entered another new market with the purchase of 89 Hair Club for Men and Women hair replacement centers for $210 million in cash. The business differed from Regis's salons in that the operations were not in such high-visibility locations as malls or strip centers. With a single exception, Hair Club outlets were found in office buildings, professional buildings, or medical buildings that provided customers with a degree of privacy and a comforting, clinic-like setting. Regis planned to change the Hair Club's aggressive, hard-sell advertising strategy to emphasize privacy and use subtler, soft-sell tactics. The business was expected to add $50 million in revenues in 2005 and $115 million in 2006 by reaching customers in the over-40 age group, 40 percent of whom experience hair loss. As the baby boom generation aged, Regis anticipated the number of Hair Club clients would increase steadily.
Having already captured approximately 2 percent of the $150 billion worldwide hair care market by the end of fiscal 2004, the company maintained a robust acquisitions program to spur continued growth. Between 1994 and 2004 Regis bought 7,400 salons worldwide in 293 transactions, which added an estimated $25 million to its revenues. Among the acquisitions were 328 BoRics salons, nearly 400 First-Choice Haircutters salons, 1,200 Jean Louis David salons, the French franchisor St. Algue, 550 Haircrafters salons, 280 Opal Concepts salons, 153 Holiday Hair salons, and 980 The Barbers, Hairstyling for Men and Women salons. The average acquisition during the ten-year period involved about ten salons and was funded with operating cash, debt, the issue of common stock, and/or assumption of the acquisition's liabilities. The yearly expenditure for acquisitions rose nearly 20 percent in the first four years of the 21st century, from $5.8 million in 2000 to more than $110 million in 2004. Regis hoped to double its size from 10,000 salons by 2010 or 2012.
Approximately half of the company's 13.9 percent compound annual growth in revenues during the early years of the 21st century was attributed to its acquisitions. Organic growth (construction of new stores and increases in sales at existing operations) accounted for the other half of its growth. Regis's agreement with Wal-Mart continued to be lucrative. At the beginning of 2005, there were 1,516 of the company's salons situated in high-traffic, high-visibility Wal-Mart locations. Although revenues continued to increase, such imponderables as a severe hurricane season in 2004 and unemployment rates of 5 percent or more in the United States and Europe had a marked effect on Regis's salon business. Closures and property damage due to storms put a $4 million dent in revenues. At the same time customers were lessening the frequency of their visits to salons because lack of work tightened their budgets. Despite setbacks, however, the company remained positive about its prospects, noting an increasing number of salons available for purchase and a vast, untapped market along the Pacific Rim, particularly in Asia.
Principal Divisions: Regis Salons; Promenade Salon Concepts (includes Supercuts, Cost Cutters, First Choice Haircutters, Magicuts, BestCuts, BoRics, Hair Masters, Saturday's, Style America, and Holiday Hair); MasterCuts; Trade Secret (includes Beauty Express); SmartStyle Family Hair Salons; International (European salons Jean Louis David, Vidal Sassoon, Regis Hairstylists, Supercuts, and St. Algue).
Principal Competitors: HCX Salons International LLC; Mascolo Ltd.; Cool Cuts 4 Kids Inc.
OVERALL
Beta: 1.21
Market Cap (Mil.): $936.43
Shares Outstanding (Mil.): 57.77
Annual Dividend: 0.24
Yield (%): 1.48
FINANCIALS
RGS.N Industry Sector
P/E (TTM): 46.92 17.99 36.23
EPS (TTM): 35.98 -- --
ROI: 1.09 3.19 8.03
ROE: 2.51 5.12 12.95
Statistics:
Public Company
Incorporated: 1954
Employees: 50,000
Sales: $1.92 billion (2004)
Stock Exchanges: New York
Ticker Symbol: RGS
NAIC: 812112 Beauty Salons; 812113 Nail Salons
Key Dates:
1922: Paul Kunin goes into business; his chain of salons eventually numbers 60.
1954: Myron Kunin and Diana Kunin purchase the business from their father.
1975: Regis owns 161 salons; sales total $10.6 million.
1983: Regis goes public.
1988: The company returns to private ownership and merges with Curtis Squire Inc. to form Regis Acquisition Corp., under the control of Myron Kunin.
1990: The company merges with MEI Diversified Inc. to form MEI-Regis Salon Corp.
1991: Regis goes public.
1992: The company purchases Trade Secret and enters the franchising business.
1993: A troubled relationship with MEI is settled after lawsuits and MEI's bankruptcy.
1996: Regis purchases salons operating in Wal-Mart stores.
2002: The company enters the beauty career education business with the purchase of four Vidal Sassoon academies.
2004: The company purchases Hair Club for Men and Women and enters the hair replacement industry.
Name Age Since Current Position
Paul Finkelstein 68 2011 Chairman of the Board, Chief Executive Officer
Randy Pearce 56 2011 President, Chief Administrative Officer
Brent Moen 43 2011 Chief Financial Officer, Senior Vice President
David Bortnem 44 2011 Chief Operating Officer
Eric Bakken 43 2010 Executive Vice President, General Counsel, Secretary
Gordon Nelson 59 2006 Executive Vice President - Fashion, Education and Marketing
Bruce Johnson 57 2007 Executive Vice President - Design and Construction
Mark Kartarik 54 2007 Executive Vice President and President - Franchise Division
Norma Knudsen 52 2009 Executive Vice President - Merchandising
Rolf Bjelland 72 1983 Director
Van Zandt Hawn 65 1991 Director
Susan Hoyt 66 1995 Director
David Kunin 51 1997 Director
Stephen Watson 66 2008 Director
Joseph Conner 59 2010 Director
Address:
7201 Metro Boulevard
Edina, Minnesota 55439
U.S.A.
Its namesake is Regis Hair Salons, and it also owns the chains Carlton Hair International in Southern California, Images Salon in Las Vegas, NV, Michael of the Carlyle in Colorado Springs, and Denver, CO City Looks, Famous Hair, Best Cuts, Saturday's, HCUK, Supercuts, Pro-Cuts, Hair Crafters, Magicuts, MasterCuts, Borics Hair, Hair by Stewarts, Trade Secret, PureBeauty, SmartStyle, Cost Cutters, TGF Hair Salon, Hair Masters, Style America, Holiday Hair, and Mia & Maxx Hair Studio mostly in the United States, First Choice Haircutters based in Canada, and Vidal Sassoon, Jean Louis David, and Saint Algue based in Europe. In 2005 the company acquired Hair Club for Men and Women, in the hair loss field. The company recently sold all of its beauty schools to Empire Beauty School.
On January 10, 2006 Regis Corporation announced it would acquire the Sally Beauty Company business of Alberto-Culver. Sally has 2,419 Sally Beauty Supply stores and 822 Beauty Systems Group stores. However, on April 5, 2006, Alberto-Culver terminated the merger agreement and later Sally was spun off as a separate company.
Regis is based in Edina, Minnesota and was founded in 1922 by Paul and Florence Kunin as Kunin Beauty Salon, and renamed Regis in 1958 by their son Myron who acquired the chain.
Regis's biggest successful mergers are Sassoon and HCUK, bringing two new names to Regis, Sassoon (Vidal Sassoon) an upper class, very famous chain throughout Europe, and HCUK, formerly part of the Hair Cuttery chain. They also sell Designline hair products (2004) as well.
Regis Corporation is the world's largest owner and operator of mall-based hair and retail salons. Atypical of the industry, the company owns, rather than franchises, the vast majority of its salons, which are operated under six divisions: Regis Salons, Promenade Salon Concepts, MasterCuts, Trade Secret, SmartStyle Family Hair Salons, and International.
Regis Corporation is engaged in owning, operating and franchising hair and retail product salons. In addition to the primary hair and retail product salons, the Company owns Hair Club for Men and Women, a provider of hair restoration services. As of June 30, 2010, the Company owned, franchised or held ownership interests in over 12,700 worldwide locations. The Company's locations consisted of 9,929 Company-owned and franchise salons, 95 hair restoration centers, and 2,704 locations, in which the Company maintains an ownership interest of less than 100%. The Company's hair restoration centers offer three hair restoration solutions: hair systems, hair transplants and hair therapy.
The Company is organized in two lines of business: salons and hair restoration centers. Salon operations are managed based on geographical location, North America and international. The Company's North American salon operations consists of 7,505 Company-owned salons and 2,020 franchise salons operating in the United States, Canada and Puerto Rico. The Company's international operations consist of 404 Company-owned salons. The Company's worldwide salon locations operate primarily under the trade names of Regis Salons, MasterCuts, SmartStyle, Supercuts, Cost Cutters and Sassoon. The Company's hair restoration centers are located in the United States and Canada. The Company's salon concepts focus on providing hair care services and professional products, primarily to the middle consumer market. The Company's North American salon operations consist of 9,525 salons (including 2,020 franchise salons), operating under several concepts, each offering hair care products and services in the United States, Canada and Puerto Rico. The Company's international salon operations consist of 404 hair care salons located in Europe, primarily in the United Kingdom.
Regis Salons
Regis Salons are primarily mall based, full service salons providing complete hair care and beauty services aimed at moderate to upscale, fashion conscious consumers. As of June 30, 2010, of the 1,049 total Regis Salons, 157 Regis Salons were located in strip centers. The customer mix at Regis Salons is approximately 78% women and both appointments and walk-in customers are common. These salons offer a full range of custom styling, cutting, hair coloring and waving services, as well as, professional hair care products. Service revenues represent approximately 84% of the concept's total revenues.
Regis Salons compete in their existing markets primarily by emphasizing the high quality of the services provided. Included within the Regis Salon concepts are various other trade names, including Carlton Hair, Sassoon, Mia & Maxx Hair Studios, Hair by Stewarts and Heidi's.
MasterCuts
MasterCuts is a full service, mall based salon group which focuses on the walk-in consumer (no appointment necessary) that demands moderately priced hair care services. MasterCuts salons emphasize hair care services for the entire family. These salons offer a full range of custom styling, cutting, hair coloring and waving services, as well as professional hair care products. The customer mix at MasterCuts is split relatively evenly between men and women. Service revenues compose approximately 82% of the concept's total revenues.
SmartStyle
The SmartStyle salons share operating characteristics of the Company's other salon concepts, however, they are located exclusively in Wal-Mart Supercenters. SmartStyle has a walk-in customer base, pricing is promotional and services are focused on the family. These salons offer a full range of custom styling, cutting, hair coloring and waving services, as well as professional hair care products. The customer mix at SmartStyle Salons is approximately 76% women. Professional retail product sales contribute considerably to overall revenues at approximately 34%. In addition, the Company has 119 franchise salons located in Wal-Mart Supercenters.
Strip Center Salons
The Company's Strip Center Salons consists of Company-owned and franchise salons operating in strip centers across North America under Supercuts, Cost Cutters (franchise salons), Promenade Salons and Other Franchise Concepts. The Supercuts concept provides hair care services and professional products to its customers. This concept appeals to men, women and children, although male customers account for approximately 65% of the customer mix. Service revenues represent approximately 89% of total Company-owned Supercuts revenues. The Supercuts franchise salons provide hair care services and professional products. These Supercuts franchise salons appeal to men, women and children. Service revenues represent approximately 93% of the Supercuts franchise total revenues.
The Cost Cutters concept is a full service salon concept providing hair care services for men, women and children. These full service salons also sell a range of professional hair care products. The customer mix at Cost Cutters is split relatively evenly between men and women. In addition to the franchise salons, the Company operates Company-owned Cost Cutters salons.
Promenade Salons are made up of regional Company-owned salon groups operating under the primary concepts of Hair Masters, Cool Cuts for Kids, Style America, First Choice Haircutters, Famous Hair, Cost Cutters, BoRics, Magicuts, Holiday Hair and TGF, as well as other concept names. Most concepts offer a full range of custom hairstyling, cutting, coloring and waving, as well as hair care products. Service revenues represent approximately 89% of total Company-owned Promenade revenues. Other franchise concepts salons include primarily First Choice Haircutters, Magicuts, Beauty Supply Outlets and Pro-Cuts. In addition to these franchise salons, the Company operates Company-owned First Choice Haircutters and Magicuts salons.
International Salons
The Company's international salons consist of Company-owned salons operating in the United Kingdom primarily under the Supercuts, Regis and Sassoon concepts. These salons offer similar levels of service as the North American salons. Sassoon is a hair fashion and appeals to women and men looking for a full service hair salon. Salons are usually located on prominent high-street locations and offer a full range of custom hairstyling, cutting, coloring and waving, as well as professional hair care products.
In December 2002 Regis entered into a significant new enterprise with the purchase of four Vidal Sassoon beauty academies. The schools were acquired with 25 Vidal Sassoon salons in Canada, the United States, the United Kingdom, and Germany for an undisclosed amount. The transaction was expected to add $25 million in revenues during the fiscal year ending June 30, 2003, and $49 million in revenues during fiscal year 2004. In June 2004 Regis purchased Blaine Beauty Career Schools, which operated six academies in Massachusetts, in a deal that was expected to generate $15 million in revenues during fiscal year 2005. The curricula at the Vidal Sassoon and Blaine academies included programs in cosmetology, nail art, and aesthetic services such as makeup, facials, massage, waxing, and reflexology, among others.
Regis anticipated that the acquisition and planned expansion of its education business would continue to be profitable for many years because continued high unemployment rates in the United States and Europe promised a steady stream of students, and Regis's ability to place graduates in its salons encouraged students to stay on for the two- to three-year duration of training programs. Since all of the programs at its schools were certified for Title IV student financial assistance in the United States, students in that country could count on getting tuition aid to attend the Vidal Sassoon or Blaine training centers. Academies also generated a 20 percent operating income, more than the company's core salon businesses generated. This income promised to raise the per-share earnings of the company's stock. Although the new business was expected to account for slightly less than 5 percent of the company's revenues by 2009, the academies fit well with the company's focus on employee training as a means of reducing operating costs, maintaining high-quality service, and increasing product sales. In fiscal year 2004, for example, Regis employed 140 artistic directors and spent $16 million on training for 53,600 stylists.
In December 2004, the company entered another new market with the purchase of 89 Hair Club for Men and Women hair replacement centers for $210 million in cash. The business differed from Regis's salons in that the operations were not in such high-visibility locations as malls or strip centers. With a single exception, Hair Club outlets were found in office buildings, professional buildings, or medical buildings that provided customers with a degree of privacy and a comforting, clinic-like setting. Regis planned to change the Hair Club's aggressive, hard-sell advertising strategy to emphasize privacy and use subtler, soft-sell tactics. The business was expected to add $50 million in revenues in 2005 and $115 million in 2006 by reaching customers in the over-40 age group, 40 percent of whom experience hair loss. As the baby boom generation aged, Regis anticipated the number of Hair Club clients would increase steadily.
Having already captured approximately 2 percent of the $150 billion worldwide hair care market by the end of fiscal 2004, the company maintained a robust acquisitions program to spur continued growth. Between 1994 and 2004 Regis bought 7,400 salons worldwide in 293 transactions, which added an estimated $25 million to its revenues. Among the acquisitions were 328 BoRics salons, nearly 400 First-Choice Haircutters salons, 1,200 Jean Louis David salons, the French franchisor St. Algue, 550 Haircrafters salons, 280 Opal Concepts salons, 153 Holiday Hair salons, and 980 The Barbers, Hairstyling for Men and Women salons. The average acquisition during the ten-year period involved about ten salons and was funded with operating cash, debt, the issue of common stock, and/or assumption of the acquisition's liabilities. The yearly expenditure for acquisitions rose nearly 20 percent in the first four years of the 21st century, from $5.8 million in 2000 to more than $110 million in 2004. Regis hoped to double its size from 10,000 salons by 2010 or 2012.
Approximately half of the company's 13.9 percent compound annual growth in revenues during the early years of the 21st century was attributed to its acquisitions. Organic growth (construction of new stores and increases in sales at existing operations) accounted for the other half of its growth. Regis's agreement with Wal-Mart continued to be lucrative. At the beginning of 2005, there were 1,516 of the company's salons situated in high-traffic, high-visibility Wal-Mart locations. Although revenues continued to increase, such imponderables as a severe hurricane season in 2004 and unemployment rates of 5 percent or more in the United States and Europe had a marked effect on Regis's salon business. Closures and property damage due to storms put a $4 million dent in revenues. At the same time customers were lessening the frequency of their visits to salons because lack of work tightened their budgets. Despite setbacks, however, the company remained positive about its prospects, noting an increasing number of salons available for purchase and a vast, untapped market along the Pacific Rim, particularly in Asia.
Principal Divisions: Regis Salons; Promenade Salon Concepts (includes Supercuts, Cost Cutters, First Choice Haircutters, Magicuts, BestCuts, BoRics, Hair Masters, Saturday's, Style America, and Holiday Hair); MasterCuts; Trade Secret (includes Beauty Express); SmartStyle Family Hair Salons; International (European salons Jean Louis David, Vidal Sassoon, Regis Hairstylists, Supercuts, and St. Algue).
Principal Competitors: HCX Salons International LLC; Mascolo Ltd.; Cool Cuts 4 Kids Inc.
OVERALL
Beta: 1.21
Market Cap (Mil.): $936.43
Shares Outstanding (Mil.): 57.77
Annual Dividend: 0.24
Yield (%): 1.48
FINANCIALS
RGS.N Industry Sector
P/E (TTM): 46.92 17.99 36.23
EPS (TTM): 35.98 -- --
ROI: 1.09 3.19 8.03
ROE: 2.51 5.12 12.95
Statistics:
Public Company
Incorporated: 1954
Employees: 50,000
Sales: $1.92 billion (2004)
Stock Exchanges: New York
Ticker Symbol: RGS
NAIC: 812112 Beauty Salons; 812113 Nail Salons
Key Dates:
1922: Paul Kunin goes into business; his chain of salons eventually numbers 60.
1954: Myron Kunin and Diana Kunin purchase the business from their father.
1975: Regis owns 161 salons; sales total $10.6 million.
1983: Regis goes public.
1988: The company returns to private ownership and merges with Curtis Squire Inc. to form Regis Acquisition Corp., under the control of Myron Kunin.
1990: The company merges with MEI Diversified Inc. to form MEI-Regis Salon Corp.
1991: Regis goes public.
1992: The company purchases Trade Secret and enters the franchising business.
1993: A troubled relationship with MEI is settled after lawsuits and MEI's bankruptcy.
1996: Regis purchases salons operating in Wal-Mart stores.
2002: The company enters the beauty career education business with the purchase of four Vidal Sassoon academies.
2004: The company purchases Hair Club for Men and Women and enters the hair replacement industry.
Name Age Since Current Position
Paul Finkelstein 68 2011 Chairman of the Board, Chief Executive Officer
Randy Pearce 56 2011 President, Chief Administrative Officer
Brent Moen 43 2011 Chief Financial Officer, Senior Vice President
David Bortnem 44 2011 Chief Operating Officer
Eric Bakken 43 2010 Executive Vice President, General Counsel, Secretary
Gordon Nelson 59 2006 Executive Vice President - Fashion, Education and Marketing
Bruce Johnson 57 2007 Executive Vice President - Design and Construction
Mark Kartarik 54 2007 Executive Vice President and President - Franchise Division
Norma Knudsen 52 2009 Executive Vice President - Merchandising
Rolf Bjelland 72 1983 Director
Van Zandt Hawn 65 1991 Director
Susan Hoyt 66 1995 Director
David Kunin 51 1997 Director
Stephen Watson 66 2008 Director
Joseph Conner 59 2010 Director
Address:
7201 Metro Boulevard
Edina, Minnesota 55439
U.S.A.