Sally Beauty Going Public

BOSTON-Sally Beauty, the Denton, TX-based, salon-product chain of about 3,200 units in 10 countries, plans to go public in November, says Vicky Chastain, the company’s senior real estate representative. After going public, Sally Beauty will likely ramp up its expansion plans, said Chastain, who spoke here at the International Council of Shopping Centers’ New England Idea Exchange conference.

“We’re going to be looking for quite a few locations,” she says. Sally Beauty units, which an average 1,600 sf, are currently located mainly in grocery-anchored centers. The company, which reached $2.4 billion in total sales last year, also operates a wholesale concept, which calls for an average of between 2,000 sf and 2,500 sf.

Sally Beauty was one of many retailers to present its expansion plans at the conference. Many of the retailers presenting were regionally-based chains growing throughout New England.