MINNEAPOLIS--(BUSINESS WIRE)--Regis Corporation (NYSE: RGS), a leader in the haircare industry, whose primary business is owning, operating and franchising hair salons, announced today the promotion of Laura Alexander to the role of Senior Vice President, Merchandise, effective immediately. Ms. Alexander most recently served as Vice President, Walmart Relations and SmartStyle Franchise Administration at Regis Corporation, a position she held since July 2017. In her new position, Ms. Alexander will lead Regis’ merchandising activities, including e-commerce and franchise product sales and will maintain overall responsibility for the Company’s Walmart relationship.
“Laura has excelled in the positions she has had at Regis and proven herself as a talented, progressive leader within our company. One part of our strategy to transform Regis is to increase our product sales and capabilities we provide our franchisees. Laura will lead a talented merchandising department to ensure we have the strongest assortment, procurement and fulfilment structure to meet the needs of our franchisees and consumers. Laura’s experience with our franchise business and Walmart will enable her to further leverage our merchandising business across franchised and company-owned stores and e-commerce websites,” said Hugh Sawyer, Regis Corporation Chief Executive Officer and President.
Ms. Alexander joined Regis in 2012 and has advanced through positions in the legal, franchise and Walmart Relations departments. Prior to joining Regis, Ms. Alexander held marketing and communications roles in retail healthcare, including MinuteClinic/CVS, as well as The Auckland Museum. Ms. Alexander holds a Bachelor of Arts degree from Mount Holyoke College and a law degree from William Mitchell College of Law. She is a member of the Minnesota State Bar Association.
About Regis Corporation
Regis Corporation (NYSE:RGS) is a leader in beauty salons and cosmetology education. As of March 31, 2018, the Company owned, franchised or held ownership interests in 8,228 worldwide locations. Regis’ corporate and franchised locations operate under concepts such as Supercuts®, SmartStyle®, MasterCuts®, Regis Salons®, Sassoon®, Cost Cutters®, Roosters® and First Choice Haircutters®. Regis maintains an ownership interest in Empire Education Group in the U.S. 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.
This press release contains or may contain “forward-looking statements” within the meaning of the federal securities laws, including statements concerning anticipated future events and expectations that are not historical facts. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements in this document reflect management’s best judgment at the time they are made, but all such statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those expressed in or implied by the statements herein. Such forward-looking statements are often identified herein by use of words including, but not limited to, “may,” “believe,” “project,” “forecast,” “expect,” “estimate,” “anticipate,” and “plan.” In addition, the following factors could affect the Company’s actual results and cause such results to differ materially from those expressed in forward-looking statements. These factors include the continued ability of the Company to implement its strategy, priorities and initiatives; our ability to attract, train and retain talented stylists; financial performance of our franchisees; acceleration of sale of certain salons to franchisees; the ability of the Company to maintain a satisfactory relationship with Walmart; the success of The Beautiful Group; marketing efforts to drive traffic; changes in regulatory and statutory laws including increases in minimum wages; our ability to manage cyber threats and protect the security of sensitive information about our guests, employees, vendors or Company information; reliance on information technology systems; reliance on external vendors; competition within the personal hair care industry; changes in tax exposure; changes in healthcare; changes in interest rates and foreign currency exchange rates; failure to standardize operating processes across brands; consumer shopping trends and changes in manufacturer distribution channels; financial performance of Empire Education Group; the continued ability of the Company to implement cost reduction initiatives; compliance with debt covenants; changes in economic conditions; changes in consumer tastes and fashion trends; exposure to uninsured or unidentified risks; ability to attract and retain key management personnel; reliance on our management team and other key personnel or other factors not listed above. Additional information concerning potential factors that could affect future financial results is set forth in the Company’s Annual Report on Form 10-K for the year ended June 30, 2017. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. However, your attention is directed to any further disclosures made in our subsequent annual and periodic reports filed or furnished with the SEC on Forms 10-K, 10-Q and 8-K and Proxy Statements on Schedule 14A.