America’s economic rot continues to get uncovered – Regis closing 600 salons in Walmarts…

Regis closing 600 salons in Walmarts…

Regis Corp. plans to close about 600 company owned underperforming SmartSyle Salons inside Walmart stores at the end of January.

The Edina, Minn.-based company has more than a dozen SmartStyle salons in the St. Louis area. The location of the stores slated for closure was not immediately available.

“Consistent with our multi-year strategic plan, Regis is taking steps in 2018 to restructure our salon portfolio to improve shareholder value and position the company for long-term growth,” president and CEO Hugh Sawyer said in a statement.

After the closures, Regis will have about 2,000 SmartStyle salons……more here

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