Sally Beauty Holdings, Inc. (NYSE:SBH) (the "Company") announced
today that retail executive Sharon M. Leite has been appointed
president of the Sally Beauty Supply LLC, U.S. and Canada business,
effective February 1, 2016.
“Sharon is a dynamic executive with deep retail experience,”
said Chris Brickman, President and CEO of Sally Beauty Holdings.
“She brings a keen understanding of customer engagement and a
proven track record of building and driving sales in a demanding
retail environment. I am confident that her consumer-led approach
will accelerate our progress in becoming the leading provider of
salon quality products in the retail sector. Under Sharon’s
leadership, and with the help from our talented team of retail
executives at Sally, we believe the team can take the business to
the next level of growth and performance.”
Ms. Leite, age 53, is a retail veteran with over 25 years of
experience. Prior to joining Sally Beauty, she held various
executive leadership roles since 2007 at Pier 1 Imports, Inc. as an
Executive Vice President. She led that company’s Sales &
Customer Experience strategy with over 20,000 field associates in
over 1000 stores in the U.S. and Canada. In addition her
responsibilities included E-commerce, Operations & Real Estate.
Prior to joining Pier 1 Imports, Ms. Leite served as Vice
President, Sales & Associate Marketing (2007), Vice President,
Store Operations (2001-2006) and Director, Store Operations &
Sales Support (1999-2001), of Bath and Body Works, LLC, an
international retailer specializing in bath and beauty
products.
“It is an honor to be named President of Sally Beauty,” Ms.
Leite said. “Sally Beauty has taken great strides to articulate its
value proposition to the consumer and improve the in-store shopping
experience, resulting in a strong foundation for continued success.
I look forward to working with the Sally Beauty executive team and
store team. I share their passion for superior customer service and
support their initiatives already underway. Given the Company's
long-term history in a very resilient industry, I have great
confidence that we can continue our growth trajectory and
succeed.”
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 $3.8 billion annually. Through the Sally Beauty
Supply and Beauty Systems Group businesses, the Company sells and
distributes through approximately 5,000 stores, including
approximately 175 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 10,000 products for
hair, skin, and nails through professional lines such as Clairol,
L’Oreal, Wella and Conair, 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, Sebastian, Goldwell, Joico, and
Aquage which are targeted exclusively for professional and salon
use and resale to their customers. 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: the highly competitive nature of, and
the increasing consolidation of, the beauty products distribution
industry; anticipating and effectively responding to changes in
consumer preferences and buying trends in a timely manner;
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; 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 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; the success of our
e-commerce businesses; product diversion 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
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 health of the economy upon
our business; the success of our cost control plans; rising labor
and rental costs; protecting our intellectual property rights,
particularly our trademarks; the risk that our products may
infringe on the intellectual property of others or that we may be
required to defend our intellectual property rights; conducting
business outside the United States; 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 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 cash; 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; the
potential impact on us if the financial institutions we deal with
become impaired; and the costs and effects of litigation.
Additional factors that could cause actual events or results to
differ materially from the events or results described in the
forward-looking statements can be found in our filings with the
Securities and Exchange Commission, including our most recent
Annual Report on Form 10-K for the year ended September 30, 2015,
as filed with the Securities and Exchange Commission. Consequently,
all forward-looking statements in this release are qualified by the
factors, risks and uncertainties contained therein. We assume no
obligation to publicly update or revise any forward-looking
statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20160106006423/en/
Sally Beauty Holdings, Inc.Investor
RelationsKaren Fugate, 940-297-3877
Sally Beauty (NYSE:SBH)
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