Industry Analysis & Industry Trends
Operators in the Hair and Nail Salons industry have begun to offer a variety of new products and services to combat the economic downturn. As a result, revenue is expected to grow over the five years to 2014. Nonetheless, revenue dipped briefly during the recession when consumer incomes began to fall and demand for nonessential manicures, hair treatments and facials decreased. In the five years to 2019 however, industry revenue will benefit from increasing per capita disposable income and declining unemployment, which will occur toward the end of the five-year period... purchase to read more
Industry Report - Industry Investment Chapter
The Hair and Nail Salons industry has a low level of capital intensity. This is similar to other personal service industries, which are labor-intensive. In 2014, for every dollar spent on wages, operators will typically require an estimated $0.06 of capital investment. As a personal service industry, the industry relies heavily on labor and there are not many opportunities for increased mechanization. Over the past five years, capital intensity increased slightly; in 2009, for every dollar spent on wages, industry operators spent about $0.05 in capital investment.
For hair salons, capital investment is mainly in styling, dryer and shampoo chairs, as well as shampoo bowls and mats... purchase to read more