Regis Corporation reported second quarter 2019 net revenue decreased 12.5% to $274.7 million. According to the company, this was driven primarily by the net closure of 678 salons and the conversion of 520 company-owned salons to the company’s asset-light franchise portfolio over the past 12 months. These reductions were partially offset by revenue growth in the company’s franchise segment and a 50 basis point improvement in company-owned same-store sales. The positive company-owned same-store...