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 Locations Chapter
Like most retail industries in the United States, the geographical spread of beauty supply store locations closely reflects the distribution of population. Generally, the greater the number of residents in a region, the stronger the demand for various beauty products sold by this industry. In addition, densely populated areas tend to have a high number of hair salons, which represent a significant market for beauty supply stores. Consequently, the majority of establishments are located in the Southeast, West and Mid-Atlantic regions, which capture large population shares in the United States.
Based on US Census Bureau data and IBISWorld estimates, the Southeast region is expected to account for about 29.5% of industry establishments in 2012, the highest share in the nation... purchase to read more