Welcome to our dedicated page for Sally Beauty Hldgs news (Ticker: SBH), a resource for investors and traders seeking the latest updates and insights on Sally Beauty Hldgs stock.
Sally Beauty Holdings, Inc. reports developments tied to professional beauty retail, with recurring updates on consolidated and comparable sales, earnings, cash flow, debt repayment, share repurchases, and segment activity. The company operates through Sally Beauty Supply and Beauty Systems Group, offering hair color and care, styling tools, nail care, skin care, and related beauty products across U.S. and international markets.
Company news also covers product innovation and merchandising around Sally Beauty brands such as ion, Beauty Secrets, Beyond the Zone, Proclaim, Silk Elements, and Texture ID. Other recurring themes include digital marketplaces and social commerce, customer campaigns, community programming, executive appointments, board changes, conference calls, and business outlook updates.
Sally Beauty Supply and Cosmo Prof have selected four female-owned beauty brands for the 2020 Cultivate Cohort, aimed at empowering these entrepreneurs. The program includes business grants totaling $60,000, online distribution at the companies' websites, and a 4-week virtual boot camp focusing on essential business areas. The inaugural program in 2018 saw brands like Curlanista and PuffCuff achieve significant growth, further establishing Sally Beauty's commitment to supporting female and Black-founded businesses. The four selected brands cater to diverse hair care needs.
Sally Beauty Holdings (NYSE: SBH) has announced the acquisition of La Maison Ami-Co Inc., enhancing its presence in Quebec. This acquisition involves 10 stores and 17 direct sales consultants, alongside exclusive distribution rights for top brands like Wella and Goldwell. With existing operations of 122 wholesale stores under the CosmoProf and Chalut brands and 140 retail stores, this move aims to bolster BSG's offerings and market position in Canada. The company also expanded its online retail product selection to 4,100 items, improving e-commerce efficiencies.
Sally Beauty Supply and Cosmo Prof have launched their inaugural credit card programs, enhancing customer rewards. The Sally Beauty Rewards Credit Card is open to all shoppers, while the Cosmo Prof Rewards Credit Card caters specifically to beauty professionals. Both cards offer unique benefits, including discounts and bonus reward opportunities. New cardholders can enjoy an immediate $20 off their purchase over $50. The launch aims to facilitate shopping and rewards for customers and professionals in the evolving post-COVID landscape.
Sally Beauty Supply and CosmoProf announced the launch of the second edition of the Cultivate program, aimed at supporting female beauty entrepreneurs. Starting from August 17 to September 7, 2020, the program will accept entries from women-owned hair care, hair color, and nail brands. The top four brands will receive a business grant, online distribution, and training in areas such as marketing and ecommerce. The initiative highlights Sally Beauty's commitment to lifting female-owned brands, following the success of past participants like Curlanista and PuffCuff.