Company type | Private |
---|---|
Industry | Hair salon |
Founded | 1974 West Springfield, Virginia, U.S. |
Founder | Dennis Ratner |
Headquarters | McLean, Virginia, U.S. |
Number of locations | 500 |
Key people | Seth Gittlitz (CEO) |
Revenue | US$440 million (2019) [1] |
Parent | Hair Cuttery Family of Brands |
Website | www.haircuttery.com |
Hair Cuttery is an American unisex hair salon chain and the largest privately held hairdressing chain in the United States. [2] [3]
Hair Cuttery was founded by Dennis Ratner in 1974, when the first salon was opened in West Springfield, Virginia. [4] [5] Since the 1970s, the company expanded to become the largest privately held salon chain in the United States. [6] As of 2021, it has more than 500 salons along the East Coast and the Midwest. [7]
In April 2020, the chain was acquired by debtor in possession Hair Cuttery Salon Holdings Inc, an affiliate of Tacit Salon Holdings LLC, led by CEO Seth Gittlitz. Hair Cuttery Salon Holdings also financed the chain's operating expenses and restored employee pay for the period preceding the acquisition, when the chain's operations were suspended due to the COVID-19 pandemic. [8] [9] [10]
The Hair Cuttery Family of Brands operates Hair Cuttery, Bubbles, and Cibu chains of salons. [11] Hair Cuttery operates over 500 salons and employs more than 5000 stylists. [12]
Tuesday Morning Corporation was an American household merchandise discount home goods store headquartered in Dallas, Texas. Founded in 1974, Tuesday Morning once had over 700 locations across the country and advertised itself as having high quality products at low prices.
Taco Management LLC, doing business as Taco Bueno, is a U.S.-based, quick service restaurant chain specializing in Tex-Mex-style cuisine. The company is headquartered in Farmers Branch, Texas, in the Dallas–Fort Worth metropolitan area. Its first location opened in Abilene, Texas in 1967. The food chain has locations in Arkansas, Oklahoma, and Texas.
VitaNova Brands, based in San Antonio, Texas, was an operator of a number of American national buffet chain restaurants including subsidiary company Furr's.
Granite Broadcasting LLC is a broadcasting holding company in New York City which owns one television station in the United States, in Syracuse, New York. Granite was founded by W. Don Cornwell and Stuart Beck in 1988, and was the first African-American station group in the United States considered to be a "major" station operator.
Belk, Inc. is an American department store chain founded in 1888 by William Henry Belk in Monroe, North Carolina, with nearly 300 locations in 16 states. Belk stores and Belk.com offer apparel, shoes, accessories, cosmetics, home furnishings, and a wedding registry.
Forever 21 is a multinational fast-fashion retailer headquartered in Los Angeles, California, United States. Originally founded as the store Fashion 21 in Highland Park, Los Angeles in 1984, it is currently operated by Authentic Brands Group and Simon Property Group, with about 540 outlets.
24 Hour Fitness is a privately held and operated fitness center chain headquartered in Carlsbad, California. It is the second largest fitness chain in the United States based on revenue after LA Fitness, and the fourth in number of clubs, operating 287 clubs across 11 U.S. states. The company was originally founded by Mark S. Mastrov and was sold to Forstmann Little & Co in 2005, and then to AEA investors and Ontario Teachers Pension Plan in 2014.
Jo-Ann Stores, LLC, more commonly known as Jo-Ann, is an American haberdashery and mercery based in Hudson, Ohio. It operates the retail chains JOANN Fabrics and Crafts and Jo-Ann Etc. The headquarters of the company is located in the former General Motors Terex plant.
Town Sports International Holdings is an operator of fitness centers in Florida and in Puerto Rico. Its current brands include Liv Fitness Clubs, Palm Beach Sports Clubs, and Christi's Fitness. Former brands include New York Sports Clubs, Boston Sports Clubs, Philadelphia Sports Clubs, Washington Sports Clubs, Lucille Roberts, TMPL Gym and Total Woman Gym and Spa.
Christopher & Banks, originally known as Brauns Fashions, is an American retail company. Originally headquartered in the Minneapolis suburb of Plymouth, Minnesota, the chain specializes in women's clothing for the age 40-60 demographic.
Art Van Furniture Inc. was an American furniture retail store chain, with stores across the Midwestern United States. Founded in 1959, the company was headquartered in Warren, Michigan, and claimed to be the largest furniture retailer in the Midwest at its peak. In 2020, the company filed for bankruptcy and closed all of its stores.
SPB Hospitality is a multi-brand restaurant operator headquartered in Houston, Texas. The company owns several casual dining restaurant chain brands, including Logan's Roadhouse, Old Chicago Pizza + Taproom, J. Alexander's, Stoney River Steak House, Krystal Restaurants, Gordon Biersch Brewery Restaurants, and Rock Bottom Restaurants Breweries. As of November 2019, CraftWorks owned and operated over 390 restaurants in the United States, but all of its owned-and-operated locations closed by March 2020, after a Chapter 11 bankruptcy followed immediately by the COVID-19 pandemic in the United States, and CraftWorks and terminated its 18,000 employees, leaving fewer than 25 employed. On June 12, 2020, SPB Hospitality purchased Craftworks businesses out of bankruptcy for $93 million.
YouFit Gyms is a national chain of fitness clubs.
Retail apocalypse refers to the closing of numerous brick-and-mortar retail stores, especially those of large chains, beginning around 2010 and accelerating due to the mandatory closures during the COVID-19 pandemic.
Reid Collins & Tsai LLP is a national trial law firm with offices in New York, Austin, Dallas, Wilmington, and Washington, D.C. The firm represents plaintiffs in complex commercial litigation on a mixed-fee or contingency-fee basis.
American Addiction Centers (AAC) is a Brentwood, Tennessee–based, publicly traded for-profit addiction treatment chain.
The economic impact of the COVID-19 pandemic in the United States has been widely disruptive, adversely affecting travel, financial markets, employment, shipping, and other industries. The impacts can be attributed not just to government intervention to contain the virus, but also to consumer and business behavior to reduce exposure to and spread of the virus.
The COVID-19 pandemic has taken a sharp economic toll on the retail industry worldwide as many retailers and shopping centers were forced to shut down for months due to mandated stay-at-home orders. As a result of these closures, online retailers received a major boost in sales as customers looked for alternative ways to shop and the effects of the retail apocalypse were exacerbated. A number of notable retailers filed for bankruptcy including Ascena Retail Group, Debenhams, Arcadia Group, Brooks Brothers, GNC, J. C. Penney, Lord & Taylor and Neiman Marcus.
Momentive Performance Materials, Inc. is an American chemical company. Its products include silicones and quartz.