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Beauty Salon/ Beauty Supply |
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Excerpt:
Nearly two-thirds of women say the economy is affecting how much they spend on beauty products and services, according to a recent survey by DailyMakeover.com, with over half reporting they are spending less on makeup, hair products and salon treatments.
As a way to save, nearly half of the women who responded to the recent online survey said they have changed the brands of beauty products they purchase in order to save. Even more (55%) said they are spending less on professional salon services and opting to do things themselves such as coloring their hair and doing their own nails
Nearly half (47%) of all the women surveyed said they had already changed brands of particular beauty products to save money; nearly two-thirds (61%) of women aged 45-54 said they had already changed brands. Nearly three-quarters of respondents (73%) said they would change lipstick and two-thirds (66%) said they would change shampoo and/or conditioner.Other items included: blush/bronzer (67%) lotions/cleansers (64%), foundation (57%).
“Women will always want to look great and not spend a lot to do so – especially now as more women are tightening their pocket books,” Ms. McClennan continued. “This survey reflects the impact the economy is having on beauty spending and supports our own experience: women want the ability to try before they buy before opening their pocketbooks.”
Source: http://www.beautypackaging.com/news/2009/03/27/study_finds_women_are_spending_less_on_beauty_products
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Excerpt:
Fashion's really only part of the style equation. To really look good in clothes, you have to look good. For men that can be a good shave and combing your hair. For women it can get more complicated. While they might cut back on new clothes and accessories in a recession, it's a different story when it comes to highlights and facials. Women -- and they are mostly women -- probably aren't going to give up personal primping entirely. But they are taking a breather. And that has salons scrambling to adjust to beauty's new bottom line.
Source: http://marketplace.publicradio.org/display/web/2008/12/03/pm_vanity/
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Excerpt:
Consumers are slashing their budgets by skipping visits to upscale hair salons and opting for inexpensive stylists. Some are getting haircuts less often or dyeing their own locks at home.
"I'd rather not be pampering myself right now," said Melissa Moats, a Studio City voice-over artist who decided to color her own hair with a $20 bottle from Target rather than pay the usual $120 for a cut and color at the salon. She then went to Supercuts for a $15 trim.
Things are fine in the voice-over business right now, she said, but she figured it would be good to save. "All of us -- no matter what we do -- are looking at ways to cut back."
Beauty products behemoth Procter & Gamble Co. on Wednesday reported a 20% gain in sales of home hair coloring product Nice-n-Easy in its fiscal first quarter, and double-digit sales growth for its Head & Shoulders brand. Meanwhile, its Professional Hair Care line saw a small drop in sales.
Consumers' move toward cheaper products is showing up in the bottom lines of companies that might be expected to benefit from a trend toward penny-pinching.
Regis Corp., which owns Cost Cutters, Supercuts and Sassoon Salon, last week posted a 30% drop in quarterly profit compared with a year ago.
Daniel Hofkin, an analyst at brokerage William Blair & Co. in Chicago, said companies such as Regis were hurting because customers weren't buying expensive products at their salons.
Source: http://articles.latimes.com/2008/oct/30/business/fi-pennywise30
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Excerpt:
Sales of beauty products, particularly high-end, are susceptible to decreased consumer spending.
Source: http://www.hoovers.com/cosmetics,-beauty-supply,-and-perfume-stores/--ID__294,chapter__Call%20Preparation%20Questions--/free-ind-fr-profile-basic.xhtml
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Excerpt:
The cosmetic, beauty supply, and perfume store (beauty store) industry includes about 10,000 stores with combined annual revenue of almost $7 billion. Major companies include Sally Beauty Supply, Ultra, Sephora, and divisions of Limited Brands ( Bath & Body Works) and L’Oreal (The Body Shop International). The Industry is concentrated: the top 50 companies have almost 75 percent of industry revenue.
Source: http://www.hoovers.com/cosmetics,-beauty-supply,-and-perfume-stores/--ID__294--/free-ind-fr-profile-basic.xhtml
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