Beauty Store Business magazine - January, 2020

U.S. Salon Services & Product Sales Grew 3.2% in 2015

Overall revenue for all U.S. salon-industry services (hair, skin and nails) plus salon retail grew 3.2%, according to the new 2015 Professional Salon Industry Haircare Study from Professional Consultants & Resources. Total U.S. salon services and salon retail sales grew to $60.27 billion.
In addition, there were nearly 294,000 U.S. salons and barbershops using and selling salon haircare products. Salon count declined by 2.5% as large rental suites opened.
“The state of the professional-salon industry is strong with an upward growth curve and changing dynamically,” says Cyrus Bulsara, president of Professional Con- sultants & Resources. “Major economic barriers affecting the salon industry are fading as innovative, new products, salon suites and new management at top manufacturers bring new vitality. Manufacturers’ sales of hair color, shampoos, conditioners, hair sprays, hairstyling products and specialty products all increased. We also saw a major paradigm shift toward large, family, economy chains and rentals. Most rentals still do not retail effectively. Therefore, product sales at mega-salon stores like ULTA Beauty increased.”
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