Mr. Gallman’s company research project
Lindsey Homans
Why I choose Sally’s
I choose to do my company research project on Sally
Beauty Supply. Sally provides more than 5,000
salon-quality beauty products including, but not
limited to, cosmetics, hair products and nail
supplies. This is a company with the economical
advantage that no matter how bad the economy
becomes in America, folks in our society will always
need hair supplies and make-up.
How Sally’s got started
The first Sally store opened in 1964 in New Orleans,
Louisiana. Later in 1969, Alberto-Culver purchased
the Sally chain, which made up 20 stores spread
over the State of Louisiana. In 1972, Mike Renzulli,
a former pharmacist, became president of the Sally
Beauty Supply chain.
The Big Move
The late 1900’s is when Sally’s begins its main
expansion, by 1994 sally moves into the Japanese
market. By 1996 the company has already
purchased its first German beauty supply chain. By
2002 Sally’s revenues were at $1.67 billion
Why We Choose Sally’s
Sally’s main competitive advantage is its top solon
brands and wide variety of products. It’s one of the
only stores that sell cosmetology items for less.
Sally’s gross profit for 2010 was $344.3 million, an
increase of 14.0% compared to the $302.1 million
gross profit in 2009.
Where's Sally’s?
Sally Beauty Holdings is an international distributor of
professional beauty supplies with revenues of more
than $2.6 billion annually. Through the Sally Beauty
Supply and Beauty Systems Group businesses, the
Company sells and distributes over 3,700 stores
nationwide.
These are found across the United States and in Mexico,
Puerto Rico, the United Kingdom, Japan, and Germany.
My Predictions
I predict that because of Sally’s huge
competitive advantage, that they
will never stop growing businesses
and never loose sales on their
products.
http://www.fundinguniverse.com/company-histories/Sally-Beauty-Company-IncCompany-History.html
http://www.answers.com/topic/sally-beauty-company-inc
http://www.google.com/finance?q=NYSE:SBH
http://www.sallybeautyholdings.com/sallyHistory.asp
THE END