Despite warnings of rough times ahead for small- and medium-sized businesses in the current economic climate, some hairdressing salons have revealed they are actually prospering, reporting an increase in turnovers from last year.
Although savers have been hit by falling interest rates, many with large mortgages have found themselves in a good financial position, leaving them with more disposable income for small luxuries. This combined with savvy sales techniques such as discounts on hair cuts, special offers and complementary treatments has led to improved experiences which customers can justify spending their money on.
Cumbrian salon Jibe has reported retail figures 25% up on last year, while London-based salon Rush has experiences a net increase of 7% and has vast expansion plans. The feeling seems to be that in times like these, if salons can plan ahead and be flexible, they should be able to deal with all eventualities – including recession.
