According toSally Beauty Holdings, the beauty store first opened in New Orleans in 1964.
And Sally Beauty only continued to grow from there.
Unfortunately, all that success eventually started to slow down.
While the company currently has over 5,000 stores, that number will soon be decreasing.
As of May 2022, the company officially began seeingfewer shoppers in their stores, meaning fewer sales.
The reason for this sudden decline is inflation.
To help their bottom line, Sally Beauty announced that they will be shutting down 350 of their stores.
