The Professional Beauty Association (PBA) recently released the first quarter 2009 results from the PBA Salon/Spa Industry Tracking Survey. The survey was conducted with a panel of 600 spa and salon owners from around the country. Here’s a look at some of the findings:
- 44 percent of respondents reported a decline in total service sales, while 49 percent reported a decline in retail sales.
- 54 percent of spa and salon owners are optimistic about service sales growth in the months ahead, while only 15 percent expect lower sales.
- 62 percent of spa and salon owners expect business conditions to improve in the next six months, while only 7 percent think conditions will be worse six months from now.
- Spa and salon owners reported an average of 0.5 percent increase in backbar costs in the first quarter.
- On average, spa and salon owners reported a 2 percent increase in their service prices.
- 35 percent of spa and salon owners made a capital expenditure for equipment, expansion, or remodeling, and 41 percent plan to make one in the next six months.
- 16 percent of spa and salon owners plan to open at least one new establishment in the next six months.
The PBA Salon/Spa Industry Tracking Survey is $195 for a yearly subscription for non-members and is provided complimentary to PBA members. For more information, visit www.probeauty.org.