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Spa Industry Remains Steady in First Quarter 2012, According to PBA
Posted: May 30, 2012
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The Expectations Index, which measures spa/salon owners' six-month outlook on five industry indicators (service sales, retail sales, employees and hours, capital expenditures, and business conditions) rose 0.5% to 104.7. This marks the second consecutive gain for the Expectations Index. Each of the five indicators showed growth, keeping them all above the 100-level mark. Despite low sales numbers in the Current Situation Index, spa/salon owners continue to be optimistic most notably in the service sales and retail sales. Seventy-five percent of spa/salon owners expect to have higher service sales in the next six months, while 71% of owners expect to see higher retail sales within the same time period.
The full SPPI report and the Salon & Spa Tracking Survey, along with other helpful research on the professional beauty industry, can be found at www.probeauty.org/research.