logo
Share SHARE
FONT-SIZE Plus   Neg

Regis March, Q3 Same Store Sales Down - Quick Facts

Regis Corp.(RGS: Quote), an operator of hair and retail product salons, on Monday reported that its third-quarter consolidated revenues decreased 1.3 percent to $573.62 million from $581.27 million a year ago.

Third-quarter total same-store sales decreased 3.4 percent, compared to a 2 percent decline last year. Same-store customer counts decreased 3 percent for the quarter.

Eric Bakken, EVP, Interim Corporate Chief Operating Officer, stated, "Third quarter same-store sales results came in at the lower end of our expectations. However, we are encouraged by our March same-store sales which were down 1.7 percent versus down 4.3 percent for the first two months of the quarter."

The company said it is taking aggressive steps to improve performance by simplifying operating model and focusing business around four distinct consumer segments with differentiated marketing strategies and product offerings.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Online retail giant Amazon.com Inc. (AMZN) is reportedly in talks to buy luxury online fashion retailer Net-a-Porter. The news of acquisition was first reported by Women's Wear Daily, which said the deal would be completed for about 2 billion euros, indicating the biggest acquisition yet by Amazon.... Tim Cook, the CEO of tech giant Apple Inc., in an interview said he intends to give away all his wealth to charity. Cook, in an interview to Fortune, said he plans to donate all his wealth to philanthropic projects after paying for his 10-year old nephew's college education. According to Fortune,... Is it a 'personal life crisis' that led the Germanwings' co-pilot Andreas Lubitz to deliberately lowering the plane carrying 149 people to French Alps mountain? Police is investigating to find evidences to prove this suggestion.
comments powered by Disqus
RELATED NEWS
Trade RGS now with 
Follow RTT