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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