Industry Analysis & Industry Trends
Within the Skin Care, Hairdressing and Beauty Services industry in China in 2011, revenue totaled $850.1 million, up 7.9% for the year, with annualized growth of 8.3% since 2006. Value added totaled an estimated $378.6 million, up 7.7% for the year, as profitability declined and costs increased.
The Beijing Olympics in August 2008 boosted industry revenue for the year due to a surge in hairstyling demand, with companies in the industry using the event for sales promotions and activities. However, the global financial crisis, which started to affect the Chinese and global economies in the final quarter of 2008, contributed to slower industry revenue growth in 2009 of 5.1%.... purchase to read more
Industry Report - Starting a New Business Chapter
As most establishments in the industry are low income and at the low-end of the market, capital requirements to start operations are not high. This includes hairdressers, nail care and barbers. Semi-skilled and skilled workers are required for a wide range of services in this industry. However, for low-end services, wage levels are also low.
To establish high-end salons, higher investment levels are required. This is particularly important for salons located in central districts of large cities, such as Beijing and Shanghai... purchase to read more