Sally Beauty Probing 'Unusual Activity' Involving Customer Credit Cards

(RTTNews) - Sally Beauty Holdings, Inc. (SBH) said Monday that it is currently investigating reports of unusual activity involving payment cards used at some of its U.S. stores.

"Since learning of these reports, we have been working with law enforcement and our credit card processor and have launched a comprehensive investigation with the help of a leading third-party forensics expert to aggressively gather facts while working to ensure our customers are protected. Until this investigation is completed, it is difficult to determine with certainty the scope or nature of any potential incident, but we will continue to work vigilantly to address any potential issues that may affect our customers," the Denton, Texas-based beauty products retailer said in a statement.

In March 2014, Sally Beauty reported a security breach of its network that affected more than 25,000 customer records. The compay offered one free year of credit monitoring and identity-theft protection for those customers who may have been affected by the incident.

Many retailers have reported similar security breach of their networks over the past few years, the most prominent being Target Corp.'s (TGT) 2013 breach that compromised 40 million credit and debit card accounts.

Sally Beauty shares are currently trading at $30.79, down 49 cents or 1.57%.