What’s saving the salon trade?
With discuss of the recession nonetheless prime of thoughts throughout industries, a constructive metric is the well being of the wellness financial system, which incorporates salon and spas. Based on the International Wellness Institute, the wellness financial system is anticipated to succeed in almost $7.0 trillion in 2025.
Realizing that the urge for food for private care and sweetness continues to develop, what enterprise techniques can magnificence professionals make use of to fulfill client calls for, to construct their companies, and to assist them climate intervals of excessive inflation?
We dive into this and extra with Christina Russell, CEO of Radiance Holdings, which represents Sola Salons, the world’s largest and fastest-growing salon studios, and Woodhouse Spas, the biggest premium day spa model within the U.S, each of which achieved the best progress since inception final yr.
On this MODERN EXCLUSIVE, Anne Moratto, director of content material for MODERN SALON, spoke with Russell about the expansion of the salon suite mannequin of employment and the way impartial salon professionals can proceed to thrive even throughout instances of financial uncertainty.
Insights Unfold: Second-by-Second within the Interview
- Why are hair salons changing into extra of a launching pad for hairstylists to open their very own salons? (1:32)
- How do magnificence professionals reply to the realities of inflation? What are they doing when prices are going up? (3:49)
- How do you backfill extra purchasers into your e book? (5:59)
- Small bites of training that assist hairstylists rethink their impartial mindset. (8:22)
- How the uptick in hybrid work and the way shoppers are working has contributed to an uptick in magnificence and wellness companies. (10:28)
- What’s saving the salon trade? (13:01)
- The significance of chatting with the people who find themselves driving the trade ahead . (15:31)
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Initially posted on Fashionable Salon
