Sally Beauty Holdings Relocates Headquarters to Plano, Bringing Hundreds of Jobs
Sally Beauty Holdings, a leading retailer of beauty supplies and services, is relocating its headquarters from Denton to Plano, Texas. The move is expected to bring hundreds of jobs to the area and further solidify the company’s presence in the region.
New Headquarters in Legacy West
The company will be taking up residence in the Legacy West district at 7900 Windrose Avenue, where it will occupy approximately 140,000 square feet of office space. The new headquarters will initially house around 600 employees, with the potential for more to join in the future.
Reason for Relocation
The relocation is aimed at bolstering recruitment and retention efforts, as well as providing a hub of culture and community that will drive enhanced collaboration and innovation. According to CEO Denise Paulonis, the new location will offer "a space that will bring our team together, foster creativity, and inspire growth and development."
Support from City and County of Denton
Paulonis expressed gratitude for the support from the city and county of Denton, where the company has been based for over 40 years. "We appreciate the opportunities that Denton has provided us, and we are grateful for the memories we’ve made there," she said.
Legacy West Neighborhood
The new headquarters will join a neighborhood of well-known companies, including Toyota Motor North America, Liberty Mutual, and JPMorganChase. The area is known for its thriving business community and convenient access to transportation and amenities.
Financial Performance
Sally Beauty Holdings is a publicly traded company with sales of approximately $3.7 billion in its last fiscal year. The company also reported adjusted operating earnings of over $300 million. Its product lineup includes hair care and color, cosmetics, and skin care.
Conclusion
The relocation of Sally Beauty Holdings’ headquarters to Plano is a significant development for the company and the region. The move is expected to bring numerous benefits, including job creation, economic growth, and a stronger presence in the beauty industry. As the company continues to grow and evolve, it is exciting to see what the future holds for Sally Beauty and its employees.
FAQs
Q: Why is Sally Beauty Holdings relocating its headquarters?
A: The company is relocating to bolster recruitment and retention efforts and to provide a hub of culture and community that will drive enhanced collaboration and innovation.
Q: How many employees will be housed at the new headquarters?
A: The new headquarters will initially house around 600 employees, with the potential for more to join in the future.
Q: What is the location of the new headquarters?
A: The new headquarters will be located in the Legacy West district at 7900 Windrose Avenue in Plano, Texas.
Q: What is the expected impact of the relocation on the local economy?
A: The relocation is expected to bring significant economic benefits to the region, including job creation and increased foot traffic in the area.
