Hair Salon News

Regis was downgraded by Northcoast Research from a "neutral" rating to a "sell" rating in a research note issued on Friday.

Two juveniles had sex several times in different restrooms at a St. Paul school and another student recorded it on a cell phone, police said.

Regis Corps. brands include SuperCuts, Regis Salons, Master Cuts and SmartStyle.

Regis Corp. , which runs hair salons such as Supercuts and MasterCuts, reported a loss for its second fiscal quarter on a hefty charge and slower customer traffic.

Hair-salon operator Regis Corp reported a quarterly profit that beat Wall Street expectations on improving margins, but cut its full-year operating profit outlook.

Struggling salon chain Regis Corp. fired its chief operating officer David Bortnem on Friday, effective immediately.

No reason for the move was given in the announcement, which was made in a filing with the U.S. Securities and Exchange Commission Edina-based Regis also said in the filing that Eric Bakken will replace Bortnem until a permanent successor is named.

Hair salon operator Regis Corp. said Tuesday it will write off more than of the goodwill in its hair restoration business.

Regis Corp expects to write off more than half the goodwill value of its hair restoration business, citing a slowdown in revenue growth and increasing supply costs in the hair-salon industry.

Regis Corporation recently reported second quarter 2012 revenues of $563 million, down 2.0% year over year and 1.2% sequentially.