Industry Analysis & Industry Trends
The recession challenged the industry, with consumers cutting back on discretionary purchases like manicures and hair services. With the economy rebounding, salons will experience growth again, aided by a rise in disposable income and consumer sentiment. Hair and nail salons can benefit by taking advantage of growing interest in eco-friendly products and abiding by new regulations... purchase to read more
Industry Report - Starting a New Business Chapter
The Hair and Nail Salons industry has low barriers to entry. The industry is in the mature stage of its economic life cycle; companies are still entering due to consumers' demand for higher-value spa treatments and new hair and nail products. Competition within the industry is high and increasing, since there are a significant number of operators with little market share.
Start-up costs vary depending on the scale of operations. New businesses need to secure a rental space and styling, dryer and shampoo chairs. Hair salons also need to invest in salon mats, straighteners and curlers; they may also require specialized facial equipment such as facial steamers if they offer additional day spa services... purchase to read more