Sally Beauty Holdings today announced the appointment of veteran
retail executive Carrie McDermott to the position of President of
its Sally Beauty operations in the U.S. and Canada, effective
August 29, 2017.
“Carrie is a high-performance executive with significant retail
experience,” said Chris Brickman, President and Chief Executive
Officer of Sally Beauty Holdings. “Carrie’s keen understanding of
customer engagement and proven track record of building and driving
sales in a demanding retail environment will help accelerate our
progress in becoming the leading provider of salon-quality products
in the retail sector. I am very pleased to have Carrie join our
team.”
“I am honored to serve as President of Sally Beauty,” said
Carrie McDermott. “I believe Sally offers a differentiated and
unique beauty solution to its customers. I am excited about the
strategic direction, including the transformation of the loyalty
program and enhancing the customer experience and I look forward to
leading the Sally team forward.”
Carrie brings more than 31 years of retail leadership
experience. Prior to joining Sally, she served nine years in roles
of increasing responsibility with DSW Inc., where she most
recently served as Chief Operating Officer. In this role, Carrie
successfully led the Company’s operations and marketing strategy,
which included strategic brand positioning, media, creative and
customer loyalty touch points.
Prior to that role, Carrie served as DSW’s Executive Vice
President of Sales and Operations, where she was responsible for
driving the Company’s omni-channel initiative, launching
ship-from-store and successfully opening 200 stores. Prior to DSW,
Carrie had leadership roles with other retailers, including
Cooper’s, Inc., (a family-owned specialty retail business), The
Gap, Inc., and Barnes & Noble, Inc.
About Sally Beauty Holdings, Inc.
Sally Beauty Holdings, Inc. (NYSE: SBH) is an international
specialty retailer and distributor of professional beauty supplies
with revenues of approximately $4.0 billion annually. Through the
Sally Beauty Supply and Beauty Systems Group businesses, the
Company sells and distributes through over 5,000 stores, including
approximately 182 franchised units, throughout the United States,
the United Kingdom, Belgium, Chile, Peru, Colombia, France, the
Netherlands, Canada, Puerto Rico, Mexico, Ireland, Spain and
Germany. Sally Beauty Supply stores offer up to 9,000 products for
hair, skin, and nails through professional lines such as OPI®,
China Glaze®, Wella®, Clairol®, Conair® and Hot Shot Tools®, as
well as an extensive selection of proprietary merchandise. Beauty
Systems Group stores, branded as CosmoProf or Armstrong McCall
stores, along with its outside sales consultants, sell up to 10,000
professionally branded products including Paul Mitchell®, Wella®,
Matrix®, Schwarzkopf®, Kenra®, Goldwell®, Joico® and Aquage®,
intended for use in salons and for resale by salons to retail
consumers. For more information about Sally Beauty Holdings, Inc.,
please visit sallybeautyholdings.com.
Cautionary Notice Regarding Forward-Looking
Statements
Statements in this news release and the schedules hereto which
are not purely historical facts or which depend upon future events
may be forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Words such as
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,”
“project,” “target,” “can,” “could,” “may,” “should,” “will,”
“would,” or similar expressions may also identify such
forward-looking statements.
Readers are cautioned not to place undue reliance on
forward-looking statements as such statements speak only as of the
date they were made. Any forward-looking statements involve risks
and uncertainties that could cause actual events or results to
differ materially from the events or results described in the
forward-looking statements, including, but not limited to, risks
and uncertainties related to: anticipating and effectively
responding to changes in consumer and professional stylist
preferences and buying trends in a timely manner; the success of
our strategic initiatives, including our store refresh program and
increased marketing efforts, to enhance the customer experience,
attract new customers, drive brand awareness and improve customer
loyalty; our ability to efficiently manage and control our costs
and the success of our cost control plans, including our recently
announced restructuring plan; our ability to implement our
restructuring plan in various jurisdictions; our ability to manage
the effects of our cost reduction plans on our employees and other
operations costs; charges related to the restructuring plan;
possible changes in the size and components of the expected costs
and charges associated with the restructuring plan; our ability to
realize the anticipated cost savings from the restructuring plan
within the anticipated time frame, if at all; the highly
competitive nature of, and the increasing consolidation of, the
beauty products distribution industry; the timing and acceptance of
new product introductions; shifts in the mix of product sold during
any period; potential fluctuation in our same store sales and
quarterly financial performance; our dependence upon manufacturers
who may be unwilling or unable to continue to supply products to
us; our dependence upon manufacturers who have developed or could
develop their own distribution businesses which compete directly
with ours; the possibility of material interruptions in the supply
of products by our third-party manufacturers or distributors or
increases in the prices of products we purchase from our
third-party manufacturers or distributors; products sold by us
being found to be defective in labeling or content; compliance with
current laws and regulations or becoming subject to additional or
more stringent laws and regulations; the success of our e-commerce
businesses; diversion of professional products sold by Beauty
Systems Group to mass retailers or other unauthorized resellers;
the operational and financial performance of our franchise-based
business; successfully identifying acquisition candidates and
successfully completing desirable acquisitions; integrating
acquired businesses; the success of our initiatives to expand into
new geographies; the success of our existing stores, and our
ability to increase sales at existing stores; opening and operating
new stores profitably; the volume of traffic to our stores; the
impact of the general economic conditions upon our business; the
challenges of conducting business outside the United States; the
impact of Britain’s recent decision to leave the European Union and
related or other disruptive events in the European Union or other
geographies in which we conduct business; rising labor and rental
costs; protecting our intellectual property rights, particularly
our trademarks; the risk that our products may infringe on the
intellectual property rights of others; successfully updating and
integrating our information technology systems; disruption in our
information technology systems; a significant data security breach,
including misappropriation of our customers’, or employees’ or
suppliers’ confidential information, and the potential costs
related thereto; the negative impact on our reputation and loss of
confidence of our customers, suppliers and others arising from a
significant data security breach; the costs and diversion of
management’s attention required to investigate and remediate a data
security breach and to continuously upgrade our information
technology security systems to address evolving cyber-security
threats; the ultimate determination of the extent or scope of the
potential liabilities relating to our past or any future data
security incidents; our ability to attract or retain highly skilled
management and other personnel; severe weather, natural disasters
or acts of violence or terrorism; the preparedness of our
accounting and other management systems to meet financial reporting
and other requirements and the upgrade of our existing financial
reporting system; being a holding company, with no operations of
our own, and depending on our subsidiaries for our liquidity needs;
our ability to execute and implement our common stock repurchase
program; our substantial indebtedness; the possibility that we may
incur substantial additional debt, including secured debt, in the
future; restrictions and limitations in the agreements and
instruments governing our debt; generating the significant amount
of cash needed to service all of our debt and refinancing all or a
portion of our indebtedness or obtaining additional financing;
changes in interest rates increasing the cost of servicing our
debt; and the costs and effects of litigation.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170808005280/en/
Sally Beauty Holdings, Inc.Investor
RelationsKaren Fugate, 940-297-3877
Sally Beauty (NYSE:SBH)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sally Beauty (NYSE:SBH)
Historical Stock Chart
From Apr 2023 to Apr 2024