research

New Study Details Chair & Suite Rentals

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By 2015, nearly 50% of all U.S. salons will offer some form of the booth rental/leasing model. In the long run, there’s little doubt that the better managed, private and corporate chains and booth rental salons combined will satisfy nearly 75% of all U.S. salon consumer market needs. That’s according to the new “Professional Salon Industry—2013, Chair and Suite Rental Study” from Professional Consultants & Resources, a strategic consultancy and salon-industry data source in the United States.

Wig & Hairpiece Stores Market to Rise

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Over the next five years, revenue for the wig and hairpiece stores industry is projected to rise, according to market-research firm IBISWorld’s updated Wig & Hairpiece Stores in the US industry report . The industry will primarily benefit from improving per capita disposable income, which will boost demand for discretionary purchases of wigs and hairpieces.

Millennial, Gen X, Boomer Women Share Similarities

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Despite some key distinctions in areas such as communication preferences and smartphone usage, women of all ages share surprising similarities when it comes to their shopping habits, according to SheSpeaks' new #GenWomen Survey.

Fragrance Proves Essential to Beauty Routines

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Poshly Fragrance Report

Eighty percent of women wear fragrance at least once a week, according to a report recently released by Poshly, which builds personalization technologies that connect beauty brands with beauty consumers.

The Fragrance Report covers fragrance preferences and shopping habits, amongst key insights; and is based on results from more than 11,000 beauty consumers. The insights may serve to help beauty retailers' fragrance considerations as they determine their level of investment in the category.

Consumers Prefer In-Store Shopping

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Ninety percent of consumers prefer shopping in brick and mortars and more than half of online retail sales are captured by brick and mortars, according to the "Omnichannel Shopping Preferences Study" by A.T. Kearney, a global management consulting firm.

Retail Sales Increase to 4.1% in 2014

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Retail Sales Increase to 4.1% in 2014

This year’s retail-industry sales are expected to increase 4.1%, up from 3.7% in 2013, according to the National Retail Federation’s 2014 economic forecast. Furthermore, online sales are expected to grow between 9% and 12%. The forecast includes traditional retail categories, such as specialty stores.

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