Topic: Is The Economy Having an Impact on Salons? (Read 1508 times)

Arden · « **on:** October 14, 2008, 08:10:38 AM »

We have seen a drop of a little over 5% year over year. This bucks a trend of 24 months of growth. Wondering if others are seeing flattening or drops in their business. Times are tough for everyone but this is the first it has impacted us. But maybe it has been all along and our growth would have been better had the economy not been so bad.

Brian · « **Reply #1 on:** November 13, 2008, 05:56:41 PM »

We have not been open long enough to know about a drop but our first year has been very good and we expect to have a doubling of the business for 2009. Where we opened there was a lack of options and we filled a niche. A lot is about providing the things customers want.

We started with tanning but have continued to expand into other areas because once people are in the salon they are ready to roll. I have brought in a lot of sale items for skin and body and those continue to increase every month. We are gaining an audience for them.

BeeBop · « **Reply #2 on:** January 05, 2009, 09:05:04 PM »

We are up year over year. Not sure if many are but we are seeing nice growth even while it is still slow season for us

BeeBop · « **Reply #3 on:** February 11, 2009, 09:30:45 PM »

Since my last post we lowered our prices a bit with out "bailout discount" and people seem to love it. We are now trending 11% over preveous year and that is moving up still. Now is the time to look at pricing and try to find ways to package things or discount things to make it less painful in these tough times.

Fupita · « **Reply #4 on:** March 04, 2009, 12:20:34 PM »

I think so, I managed a private salon and got completely screwed over. I think it had a lot to do with the economy and the fact that the owner only knew how to spend. They still owe me over $2000.00. I haven't been able to work in a salon since then. Ive been out of the salon business for almost a year. I have had many offers but I'm so nervous plus tips are not what the use to be people cannot afford to give extra. It really stinks i miss my clients and I miss being a cosmetologist but its too much of a risk for me at the moment and i have built my reputation and i just cant see my self working for a chain salon in my area not that there is anything wrong with it our salons in the area just are not the best and have terrible reps.

Billie · « **Reply #5 on:** March 09, 2009, 08:14:15 PM »

We are up pretty good too. Not sure of the percent but def up. A less expensive way to look and feel good in tough times. I think it is good for biz

Arden · « **Reply #6 on:** April 21, 2009, 07:48:31 AM »

Back up a bit after a long stretch of not so good months. I think the economy is getting better it is the only reason I can think of. We tried everything else to improve but I guess we just couldn't stop the recession completely. Happy that the worst seems over for us anyway.

salonsuccess · « **Reply #7 on:** May 07, 2009, 09:20:17 PM »

I have spoken to many salons who are thriving in this economy. How many of you are taking the RIGHT action! Here's how one Salon Owner ignores this recession and made great profits just this week... http://tinyurl.com/dzg2b3

brend · « **Reply #8 on:** August 28, 2009, 08:37:47 AM »

Yes!

Well, kinda...

We've seen a drop of about 7%. Not too bad considering.

And hi by the way. I'm new here.

Brend x

Parker · « **Reply #9 on:** March 18, 2010, 10:15:01 AM »

Wow this was started 2 years ago and is still an issue today? I'd have to say the economy is having an impact. I think it depends on the industry though. Tanning is getting hit a little harder I would say and I see many salons up for sale. Hair is also taking a beating but I think they can weather it a little better. People need to get their hair cut, they don't need a tan (though they should be health benefits!) and can wait till the sun is out.

I know we are holding steady but it has not been easy. This year they say the economy is picking up but had a better start last year.

BeeBop · « **Reply #10 on:** March 18, 2010, 08:35:28 PM »

Yeah still an issue. We are holding our own but worse off than when this post was first done. I see some signs of a turn around though. The past few weeks have helped make our march.

Parker · « **Reply #11 on:** March 19, 2010, 07:40:36 AM »

What signs do you see? I wish I saw some signs this year. I was hopefully last year. At least we are not anywhere near a point of concern. We have a good client base, just would like to do some new things but need to wait until we get a little busier

Arden · « **Reply #12 on:** March 22, 2010, 05:07:28 AM »

Amazing what a few months will do, last year was doing well, this year down. We are starting back in the right direction though

YaYaTan · « **Reply #13 on:** March 22, 2010, 05:46:52 AM »

Yeah we have had month after month of increase since we bought our place about 2 years ago. Last month we were down a little and this month looks like we will be down about 20%. Hoping to make it up in April or finish this month strong.

Arden · « **Reply #14 on:** March 24, 2010, 09:02:08 AM »

Yeah we are continuing to have a good month, each day is at or above what we expect.

StingrayTan · « **Reply #15 on:** March 24, 2010, 02:55:06 PM »

Hi everyone, new to the site. We are having a pretty good year so far, a little better than last but not quite what we did 3 years ago.

Parker · « **Reply #16 on:** March 24, 2010, 08:47:47 PM »

Welcome, busy day for me today. Running around all day and then a million things to catch up after closing up. Glad for it but tiring.

Tonya · « **Reply #17 on:** March 30, 2010, 04:15:24 PM »

Welcome, I dont come on here as often anymore but that's good since I am too busy. It's good to look back on an old post and see how things have improved or at least not gotten worse.

YaYaTan · « **Reply #18 on:** April 06, 2010, 04:41:04 AM »

So I ran my YTD numbers, down about 10% compared to last year which kinda sucks. We did have a flood which caused us to close for 3 days, a late starting college year, and a late spring break. Hoping to make up some this month. If not, we shall see how the summer goes. May-July we usually can't even come close to breaking even so I bank cash to cover. Just hope I banked enough so I don't need to add any of my own cash.

Tonya · « **Reply #19 on:** April 06, 2010, 07:04:26 AM »

Well I hope you come back this month. We had a solid month and are starting positive this month too. Nice weather has helped for sure, people actually getting out

YaYaTan · « **Reply #20 on:** July 19, 2010, 07:19:19 AM »

Well we just about finished up our summer since we close this week until college restarts. It's REALLY slow in the summer and after this week there are zero people in town since even summer classes are done. We actually about doubled our income from the prior summer so we are really happy. It still stinks but we were able to cover payroll and rent/electric which is great. Let me not use our reserves for once....well not all of the reserves. Last summer I had to loan the salon money to cover the summer

Author Topic: Is The Economy Having an Impact on Salons? (Read 1508 times)