Supercuts 2008 Annual Report Download - page 4

PART I
Item 1. Business
Unless the context otherwise provides, when we refer to the "Company," "we," "our," or "us," we are referring to Regis Corporation, the
Registrant, together with its subsidiaries.
(a) General Development of Business
In 1922, Paul and Florence Kunin opened Kunin Beauty Salon, which quickly expanded into a chain of value priced salons located in
department stores. In 1958, the chain was purchased by their son and renamed Regis Corporation. In recent years, the Company purchased Hair
Club for Men and Women. On August 1, 2007, the Company contributed its 51 wholly-owned accredited cosmetology schools to Empire
Education Group, Inc (EEG). On January 31, 2008, the Company merged its continental European franchise salon operations with the operations
of the Franck Provost Salon Group. On February 20, 2008, the Company acquired the capital stock of Cameron Capital I, Inc. (CCI), a wholly-
owned subsidiary of Cameron Capital Investments, Inc. CCI owns and operates PureBeauty and BeautyFirst salons. CCI is now accounted for as
a wholly-owned subsidiary of the company. Additionally, the Company continues to acquire hair and retail product salons. Regis Corporation is
listed on the NYSE under the ticker symbol "RGS." Discussions of the general development of the business take place throughout this Annual
Report on Form 10-K.
(b) Financial Information about Segments
Segment data for the years ended June 30, 2008, 2007 and 2006 are included in Note 11 to the Consolidated Financial Statements in Part II,
Item 8, of this Form 10-K.
(c) Narrative Description of Business
The following topical areas are discussed below in order to aid in understanding the Company and its operations:
Background:
Based in Minneapolis, Minnesota, the Company's primary business is owning, operating and franchising hair and retail product salons. In
addition to the primary hair and retail product salons, the Company owns Hair Club for Men and Women, a provider of hair restoration services.
As of June 30,
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Topic
Page(s)
Background
2
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4
Industry Overview
4
Salon Business Strategy
4
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7
Salon Concepts
7
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13
Salon Franchising Program
13
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14
Salon Markets and Marketing
15
Salon Education and Training Programs
15
Salon Staff Recruiting and Retention
15
Salon Design
15
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16
Salon Management Information Systems
16
Salon Competition
16
Hair Restoration Business Strategy
17
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18
Corporate Trademarks
19
Corporate Employees
19
Executive Officers
19
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20
Corporate Community Involvement
20
Governmental Regulations
20
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21