Beauty Supply

Sally Beauty Holdings Appoints Matt McAdam as Group Vice President of Beauty Systems Group Merchandising | State

DENTON, Texas, May 13, 2021 /PRNewswire/ — Today Sally Beauty Holdings, Inc. (NYSE: SBH) announced the appointment of Matt McAdam as Group Vice President of Beauty Systems Group (BSG) Merchandising, which operates the Cosmo Prof and Armstrong McCall businesses across the U.S. and Canada.

McAdam comes to BSG with more than 30 years of experience in the merchandising industry. Most recently, he served as Senior Vice President of Merchandising at Family Dollar. Further experience across multiple categories includes CMO at Shopko, EVP of Merchandising at PetSmart, and VP of Merchandise at Kohl’s Department Stores. McAdam has led brand turnarounds and executed high growth strategies managing teams across merchandising, marketing, supply chain, and real estate.

In his new role, McAdam will lead Cosmo Prof to exceed the needs and demands of professional stylists. Utilizing profit data and analytics, he will determine how space, inventory, and marketing will be distributed

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Why Sally Beauty Supply Stock Jumped 24% at the Open Today

What happened

Shares of Sally Beauty Supply (NYSE:SBH), a retailer focused on exactly what its name implies, soared 24% in early trading on May 6. The news driving the advance was the company’s pre-market earnings release. But the story here is actually a bit bigger.

So what

Sally Beauty’s fiscal second-quarter 2021 sales increased 6.3% year over year. Same-store sales rose 6.5%, with global e-commerce sales higher by 56%. Adjusted earnings per share came in at $0.57, up 148% versus the year-ago period. Wall Street was expecting quarterly earnings of $0.15 per share, so this was a significant earnings beat, which is the type of thing investors like to see.   

A hand swiping a credit card through a credit card machine.

Image source: Getty Images.

However, the bigger takeaway here is that Sally Beauty’s U.S. business is starting to rebound. That’s being driven by the economy reopening and the vaccine rollout, as well as stimulus checks. The company

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Beauty Hive Beauty Supply opens location in downtown South Bend | Market Basket

Willie Dearing was tired of the beauty supply store options in the area. For years, she noticed that the personable touch that she and other Black women wanted when shopping for wigs and hair products was simply not there.

“They have everything you would want to look for in a beauty supply store, but they have no personal understanding of what they’re selling,” Dearing said. “The people who own the hair stores or sell wigs to Black women, they have cosmetics and things that women wear, but they’re all men.”

So she began to talk with family and friends about whether they would support a business owned and operated by a Black woman and said she got an overwhelmingly positive response. As a woman in her early 60s, she said she has already had a career and is currently attending Indiana University South Bend and taking poetry classes. But this

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Black owned beauty supply store is aiming to diversify market

Despite the beauty supply industry making $50 billion last year, African Americans surprisingly only own three percent of that market.

LITTLE ROCK, Ark — Professor Devin Robinson is the founder of Beauty Supply Institute out of Georgia. He states that last year in the U.S. alone, the beauty supply business made $50 billion, yet African Americans only own 3% of that market. 

The beauty supply industry is a 96% ethnic market.

The majority of products are catered to African Americans. Despite this, many distributors and store owners are of Asian decent.

“Obviously this industry is dominated by Asians,” Robinson said.

“They don’t live in our community, but their business does and they get our money. It’s important for us in general to own our own businesses, especially those that are consumed highly by us.” 

Bobby Perkins decided to research Robinson’s institute before he opened up his own beauty supply store,

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WaySlay app delivers beauty products made specifically for women of color

WTAE Listens: WaySlay app delivers beauty products made specifically for women of color

Co-founders of the app “WaySlay” Ian Grant II and Michael James like to describe it as the “Uber Eats for beauty supplies.”



CO-FOUNDERS OF WAIST LAY, SHE WAS GOING TO ATTEND AN EVENT, YOU KNOW, WE’RE ALREADY RUNNING A LITTLE BIT BEHIND AND SHE NEEDED SOME EXTRA BEAUTY SUPPLIES. BASICALLY. WE’RE TRYING TO FIGURE OUT A WAY HOW WE COULD GET THOSE BEAUTY SUPPLIES SINCE WE COULDN’T ACTUALLY MAKE THE TRIP TO THE BEAUTY SUPPLY STORE. WE’RE LOOKING FOR A DELIVERY SERVICES AND REALLY JUST NONEXISTED AT THE TIME THE NEED WAS THERE, YOU KNOW, I FOUND ABOUT IT OUT ABOUT IT THROUGH MY GIRLFRIEND, BUT I WAS JUST I FEEL LIKE I WAS POSITIONED TO BE ABLE TO MAKE A CHANGE IN THE HISTORY AT

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Stop the Hate fundraiser in Houston

Proceeds from Sunday’s fundraiser in Houston will go toward Asian-American advocacy organizations

HOUSTON — Cooks and vendors were hard at work in east Houston on Sunday to raise money for Asian-American advocacy organizations. Organizers said they created the Stop the Hate event in response to recent racist incidents targeting Asian-Americans.

Fifty vendors brought out their specialties for the fundraiser.

The idea for the event came about after some difficult conversations among business owners who watched the concerning events play out on video.

“We just started having conversations that personally I never had,” organizer Gabby Nguyen said. “It just hits close to home.”

Organizers said some of the money raised will go to the nonprofit organization Stop AAPI Hate.

The organization released its national report in March on incidents of hate against Asian-Americans and Pacific Islanders since the start of the pandemic.

It found that there were nearly 4,000 reported

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