The company has announced that it plans to permanently shutter approximately 350 stores during December 2022 amid ongoing efforts to improve its profitability.
The retailer, which currently operates more than 5,000 stores worldwide, with approximately 4,500 in North America, will make most of its closings within the US where its largest quantity of stores is situated.
“Over the last several quarters, the company has been piloting store closures in various markets with the goal of maximising the value of its large store portfolio and providing a seamless omni-channel experience to its customers,” Sally Beauty stated.
In addition, Sally Beauty said it is closing two small distribution centres in Oregon and Pennsylvania, and transferring the volumes to larger distribution centres, effective in December.
