BUSINESS TRENDS
INSIDER BEAUTY
Our exclusive monthly benchmarking stats for each sector of the market
FAT FACE
October 2024 has brought a mixed bag for salons, with 39% of respondents reporting growth in treatment business compared to last year. However, 32% saw a decline, suggesting that while many salons are thriving, some are still navigating challenges. Retail business saw an increase for just over a quarter of you, yet 43% experienced a downturn, reflecting a tough retail climate. Despite this, the average treatment room occupancy remained strong at 65%, a positive indicator of continued client demand.
Looking ahead, many salon owners are concerned about the impact of the new Autumn Budget, with 68% anticipating a significantly negative impact on their finances. This is paired with 93% of owners expressing concerns about the scheduled increase to the National Minimum Wage, which will likely influence hiring plans.
On the spot
How do you expect the new Autumn Budget to impact your business financially?
1. Significantly negative impact (68%)
2. Slightly negative impact (14%)
3. Slightly positive impact (11%)
4. No impact (7%)
93%
said the scheduled increase to the National Minimum Wage will impact their hiring plans
Month in numbers
65%
average treatment room occupancy in October
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