Edward Logan takes over as CEO of Sport Clips from father – Austin Business Journal – The Business Journals

Edward Logan has succeeded his father, founder Gordon Logan, as CEO of Sport Clips Inc.
That has long been the plan, after Edward Logan was promoted in 2018 to president of the Georgetown-based company. But the official transition on July 7 still represented a significant leadership change for one of the largest and most successful haircutting franchises in the country during a time of economic upheaval, both for the economy in general and for salons in particular.
Sport Clips has more than 1,800 locations in all 50 states and Canada, with franchises comprising the vast majority. They all shut down in March as the coronavirus began to spread rapidly in the United States and stay-home orders proliferated.
“It’s been quite a ride,” Edward Logan said. “We went from over 1,800 locations open at the start of March to zero in about two weeks.”
Sport Clips later that month cut 66 employees, mostly at a support center in Georgetown. In a March 20 letter to the state explaining the layoffs, Chief Human Resources Officer Kathy Schaaf wrote that they were the result of “an extremely significant unanticipated and dramatic major economic downturn in business, revenue, and customers.”
Stay-home orders have since lifted or been loosened in many places nationwide, with barbershops and salons allowed to reopen May 8 in Texas, albeit at reduced capacity. Sport Clips has reopened more than 95% of its locations, Logan said, and rehired almost all of those laid off at the support center.
In the interim, Sport Clips secured a loan through the federal Paycheck Protection Program, the Small Business Administration effort to prop up payrolls at companies around the nation during the pandemic. More than 34,000 businesses in the Austin metro were approved for loans through the program, according to an Austin Business Journal analysis of SBA data.
According to SBA data, Sport Clips received approval April 13 for a PPP loan of $5 million to $10 million through Meridian Bank.
Logan confirmed that Sport Clips received a PPP loan and said it was “a big lifesaver,” providing capital to rehire before stores reopened.
The Sport Clips corporate office has been busy helping franchisees prepare to reopen their stores. Sport Clips has about 430 franchisees, each operating three to four locations on average. To ensure franchisees reopen safely, the Sport Clips home office is requiring all of them to earn a certification showing they have completed additional training around health and sanitary measures. All Sport Clips stylists are wearing masks, and Logan said the company was already a leader in hygiene, changing out or sanitizing all equipment between cuts.
“We’ve done it for 20 years but people are just noticing it now,” he said. “Every single client gets a fresh cape. Every thing a client touches gets sanitized or replaced every single time.”
Staying on top of changing federal and local guidelines about pandemic safety has been key to getting so much of the Sport Clips network reopened, Logan said. The home office also worked hard to identify suppliers for personal protective equipment and sanitizer for franchisees. Logan said more than 90% of Sports Clips franchises were approved for PPP funding.
“In times like these it’s hard to feel too much joy in my personal role, when franchisees are out there fighting for their business with decreased retail traffic,” Logan said. “I told everyone internally, thanks for the congratulations but let’s make sure the the franchisees and the stores and the stylists keep being successful. We’ll celebrate next year.”
Gordon Logan founded Sport Clips in 1993 and began franchising in 1995. It now consistently ranks among the top franchise networks in the country in Entrepreneur magazine’s Franchise 500, based on the overall financial performance of franchise networks. The company is known for cutting the hair of men and boys and for its sports focus, which stretches from stores that look a bit like sports bars with tons of memorabilia and big-screen TVs to sponsorship of a NASCAR team.
After beginning his career as a consultant at Deloitte, Edward Logan joined Sport Clips full-time in 2010. Over the years some of his responsibilities have included leading the company’s innovation efforts and overseeing its dozens of corporate-owned stores.
“It’s been rewarding working closely with him these past 10 years, and his leadership during the Covid-19 crisis has been exemplary,” Gordon Logan, who remains chairman of the Sport Clips board, said in a statement.
© 2022 American City Business Journals. All rights reserved. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated January 1, 2021) and Privacy Policy and Cookie Statement (updated July 1, 2022). The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of American City Business Journals.

source

Leave a Comment

Ads Blocker Image Powered by Code Help Pro

Ads Blocker Detected!!!

Welcome to FactsPrime

Sorry, We have detected that you have activated Ad-Blocker. Please Consider supporting us by disabling your Ad Blocker, It helps us in maintaining this website. To View the content, Please disable adblocker and refresh the page.

Thank You !!!