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The Unkinded Cut Of All at Regis

Sales continue to decline for largest hair care retailer.

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By: TOM BRANNA

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It's a new fiscal year but the same results for beleagured Regis Corporation, the leading retailer in the US hair care industry. For Q1 ended Sept. 30, 2013, sales fell 7.3% to $468.6 million. Same-store sales declined 5.4%. Same-store service and product sales declined 3.1% and 14.8%, respectively. Despite the decline, management is confident that its investments in new technology will start paying dividends. “Last quarter, we made significant investments behind three foundational i...

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