Supercuts 2010 Annual Report Download - page 5
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Table of Contents
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 December 2004, 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 owned and operated PureBeauty and BeautyFirst salons. On
February 16, 2009, the Company sold its Trade Secret salon concept (Trade Secret), which included CCI. 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, 2010, 2009 and 2008 are included in Note 16 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:
3
Topic
Page(s)
Background
4
Industry Overview
5
Salon Business Strategy
5
Salon Concepts
8
Salon Franchising Program
15
Salon Markets and Marketing
17
Salon Education and Training Programs
17
Salon Staff Recruiting and Retention
17
Salon Design
18
Salon Management Information Systems
18
Salon Competition
18
Hair Restoration Business Strategy
19
Affiliated Ownership Interest
20
Corporate Trademarks
21
Corporate Employees
21
Executive Officers
21
Corporate Community Involvement
22
Governmental Regulations
22