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Spa Industry at Its Healthiest Point in Three Years
Posted: February 26, 2014
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The Expectations Index, which measures salon/spa owners' six-month outlook on five industry indicators (service sales, retail sales, employees and hours, capital expenditures and business conditions) posted a solid gain in the fourth quarter of 2013. Each of the five industry indicators stood above 100 with increases over third quarter percentages. The Expectations Index continues to remain above 100, which indicates that salon/spa owners are optimistic about growth in the coming months.
Salon/spa owners were most positive on growth relating to service sales, retail sales and the general direction of the economy. Similarly, 54% of spa and salon owners plan to make a capital expenditure for equipment, expansion or remodeling in the next six months, up from 45% last quarter and the highest level in three years.