MINNEAPOLIS--(BUSINESS WIRE)--Regis Corporation (NYSE: RGS) announced today a reorganization of its field structure by brand/concept. This change, effective August 1, 2017, will help simplify and better focus its business by re-aligning the existing field leaders into four distinct field organizations: SmartStyle, Supercuts, Signature Style, and Premium | Mall Brands. In the past these field leaders were responsible for a variety of brands, with different business models, services, pay plans and guest expectations. Post-reorganization, each U.S.-based Vice President, Field Operations will be dedicated to a specific brand/concept, supported by Regional Directors and Senior District Leaders who are also aligned by brand/concept as well as geography.
Hugh Sawyer, President and Chief Executive Officer, remarked, “One of our important organizational goals is to strengthen our competitive capabilities by clarifying our growth strategy. Our new structure will further enable our field leadership teams to intensify their focus on unique guest experiences, simplify our operations and enable improved salon execution. Moreover, we expect that by operationalizing the management of our brands we facilitate an opportunity for sustainable growth.”
About Regis Corporation
Regis Corporation (NYSE:RGS) is the leader in beauty salons and cosmetology education. As of March 31, 2017, the Company owned, franchised or held ownership interests in 9,217 worldwide locations. Regis’ corporate and franchised locations operate under concepts such as Supercuts, SmartStyle, MasterCuts, Regis Salons, Sassoon Salon, Cost Cutters, Roosters and First Choice Haircutters. Regis maintains an ownership interest in Empire Education Group. For additional information about the Company, including a reconciliation of certain non-GAAP financial information and certain supplemental financial information, please visit the Investor Information section of the corporate website at www.regiscorp.com. To join Regis Corporation’s email alert list, click on this link: http://www.b2i.us/irpass.asp?BzID=913&to=ea&Nav=1&S=0&L=1