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February 13, 2013
By: TOM BRANNA
Editor
• For the first quarter of 2013, Regis Corporation reported that net sales fell 4.9% to $505.4 million. Same store sales declined 3.1%, while same store transaction counts for salon businesses declined 2.3%. “First quarter results are indicative of the necessary re-engineering that needs to take place and this change is just beginning,” said Dan Hanrahan, president and chief executive officer. “Service margins declined due to an increase in salon labor costs. In the past, Regis has consistently...
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