Regis Corporation is engaged in owning, operating and franchising hair and retail product salons. In addition to the primary hair and retail product salons, the Company owns Hair Club for Men and Women, a provider of hair restoration services. As of June 30, 2009, the Company owned, franchised or held ownership interests in over 12,900 worldwide locations. The Company's locations consisted of 10,026 Company-owned and franchise salons, 95 hair restoration centers, and 2,804 locations. The Company's hair restoration centers offer three hair restoration solutions: hair systems, hair transplants and hair therapy. During the fiscal year ended June 30, 2009 (fiscal 2009), the Company constructed 275 new salons and acquired 177 Company-owned salons, including 83 franchise salon buybacks, and closed 313 salons. On February 16, 2009, the Company sold Trade Secret salon concept.