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2013 Professional Salon Industry Haircare Study Shows Slow Growth for the Industry

Posted: February 26, 2014

Total revenues for all salon industry services (hair, skin, nails) plus salon retail grew at a sluggish 2.7% in 2013, according to the new "2013 Professional Salon Industry Haircare Study" from Professional Consultants & Resources. The total U.S. salon hair care market segment (services plus retail) registered $64.8 billion, representing growth of just 2.3%. There are nearly 301,000 salons and barbershops using and selling hair care products in the U.S.

“The state of our salon industry is weak and rapidly changing,” commented Cyrus Bulsara, president of Professional Consultants & Resources. “Major national macroeconomic factors impacting the salon industry include generally lower disposable incomes, high real unemployment, government regulations slowing expansion, wage and job uncertainty created by national health care, and the U.S. Fed and fiscal policy. Hair care product sales like shampoos, conditioners, hair sprays, hair styling and specialty products are being hurt by the dynamic shift toward family-economy chains and chair/suite rentals, which do not sell products effectively. The only bright spot is hair coloring services with a 3.7% growth, due to an aging population and the desire for fashion hair color. Keratin and straightening services also grew at about 3.5%. Cutting and styling services grew by less than 2%. Nail care services also grew at a lower rate of 7.5%, due to the weak economy.”

Other notable facts from the report include:

Information about the full report is available here.