Industry Analysis & Industry Trends
In spite of the recession, the Beauty Supply Stores industry continued to expand over the five years to 2012. The industry includes specialty beauty shops, which distribute either professional- or consumer-marketed cosmetics, hair, nail and skin care products. A high level of product introductions at the manufacturing level and an expanded target market of salon professionals enabled industry revenue to grow at an average annual rate of 0.4% over the five years to 2012, reaching an expected $9.5 billion in 2012. The slow pace of growth over the five-year period is primarily due to weak performance during the economic downturn; in 2008 and 2009, revenue contracted an estimated 0.7% and.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Beauty Supply Stores industry is in the growth stage of its life cycle. Over the 10 years to 2017, industry value added, which measures the industry's contribution to the overall economy, is forecast to rise at an annualized rate of 3.8%. Comparatively, GDP is projected to rise 1.9% per year on average over the same 10-year period. Consequently, the Beauty Supply Stores industry is increasing its share of the overall economy, a key indicator of growth.
Furthermore, the overall size of the Beauty Supply Stores industry has been growing. Over the five years to 2017, the number of industry retailers is expected to rise at an average annual rate of 1.2% to 66,592 stores... purchase to read more