Sally Beauty Holdings, Inc. Names Carrie McDermott as President of Sally Beauty
DENTON, Texas--(BUSINESS WIRE)--
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 Relations
Karen
Fugate, 940-297-3877
Source: Sally Beauty Holdings, Inc.
