Supercuts 2007 Annual Report Download - page 3

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PART I
Item 1.
Business
Regis Corporation, the Registrant, together with its subsidiaries, is referred to herein as the “Company.”
(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. During fiscal year 2007, the Company entered into an agreement to contribute its 51 accredited cosmetology
schools to Empire Education Group, Inc. The transaction closed on August 1, 2007 (fiscal year 2008). 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, 2007, 2006 and 2005 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:
2
Topic
Page(s)
Background
3
Industry Overview
4
Salon Business Strategy
4
-
7
Salon Concepts
7
-
13
Salon Franchising Program
13
-
15
Salon Markets and Marketing
15
Salon Education and Training Programs
15
-
16
Salon Staff Recruiting and Retention
16
Salon Design
16
Salon Management Information Systems
16
-
17
Salon Competition
17
Beauty School Business Strategy
17
-
18
Hair Restoration Business Strategy
18
-
19
Corporate Trademarks
19
-
20
Corporate Employees
20
Executive Officers
20
-
22
Corporate Community Involvement
22
Governmental Regulations
22
-
23