Salon Industry Grows 6% Overall, with Salon Haircare Growing 3.6, According to New 2011 Professional Salon Industry Haircare Study
Total revenues for all salon industry services (hair, skin, nails) plus salon product sales to consumers grew at a robust 4.2% in 2011 to $72.41 billion, according to the new 2011 Professional Salon Industry Haircare Study from Professional Consultants & Resources, the leading salon industry strategic consultants and data source.
“The state of the salon business is strong, and with many salons of all sizes growing in every community across the country, that bodes well for a strong economic recovery from the grassroots up,” says Cyrus Bulsara, president of Professional Consultants & Resources. “Economic recovery, looser credit and higher disposable incomes all combined to increase salon visits and frequencies for services, which resulted in better product sales to salons and clients.”
The study found that the total U.S. salon haircare market segment (services and retail) measured $61.32 billion and grew at about 3.5%. Overall, hair care services grew from $51.69 billion in 2010, to $53.50 billion in 2011, for a year-on-year increase of 3.5%. Consequently, the U.S. salon industry is growing at a very nice and healthy overall rate of 6%, post-recession. There are nearly 280,000 salons and barbershops in total in the United States.http://www.prweb.com/releases/2012/3/prweb9313396.htm
