Posted by Fox News on Saturday, June 27, 2020 07:17:30 The Sally Beauty Hour is a popular holiday shopping experience that started with a small shop in West Chester, Pennsylvania in 2007.
But its recent owners have a different plan for the business: they plan to close the shop.
“It is not our intention to close our doors, but we are looking at ways to make our business sustainable,” said Sally Beauty owner Stephanie Dickson, in a statement to Fox News.
Sally Beauty Hours opened its doors in 2006, but it has closed since that time.
The business has operated as a small grocery store since its opening.
It sold out of its stock in November.
“The fact that we are losing a big chunk of our business does make us a little sad,” Dickson said.
“It’s not just that we’ve lost so many customers, it’s also because we are not able to sustainably grow our business.
We don’t have the cashflow to do that.”
Dickson said Sally was on the brink of closing its doors but was able to find a buyer to help it survive.
This was the first time the business had been able to get a loan from the bank.
Dock said Sally is currently facing “a lot of financial uncertainty.”
“We are not expecting to be profitable for another year or two,” she said.
A sale is in the works, but Dickson has not announced an opening date.