Industry Analysis & Industry Trends
The Hairdressing and Beauty Treatment industry has recorded weak to moderate growth over the past five years. Hair salons, which generate 77% of industry revenue, have remained relatively resilient through the downturn due to the essential nature of the industry's core services. People typically have frequent haircuts regardless of economic conditions. Demand for higher value services, however, has been much weaker as consumers hit by rising unemployment and falling disposable income growth cut back on more discretionary services such as beauty treatments, colouring and hair extensions. Demand for beauty salons have also been weak as consumers cut back the frequency of their visits and put off more expensive treatments... purchase to read more
Industry Report - Industry Locations Chapter
Industry revenue is concentrated in London and the South East, which together account for 44% of hair and beauty salon revenue. This is far in excess of the regions' population share (about 26.1%) but it does correlate with value-added figures for the area. London and the South East generate 35.5% of total value added for the United Kingdom and gross domestic household incomes are also higher in these areas.
A major city such as London does draw a greater concentration of hair and beauty salons, and higher per capita income levels contribute to above average spending on premium hair and beauty services... purchase to read more