Report: Barbershops outgrowing different retail companies

Barbershops are outperforming magnificence salons, nail bars and well being golf equipment on the subject of opening essentially the most retail shops. The Native Knowledge Firm’s Retail and Leisure Tendencies Report 2017/2018 discovered that barbershops additionally outgrew different retail companies together with eating places, bars, tobacconists, café and tearooms, pizza takeaways, espresso retailers and cell phone shops.  Barbershops not solely opened essentially the most shops between 2012 and 2017, however their charges of progress really elevated in 2017.  Apart from tearooms and cafés, all different classes ranked within the high five-year openings noticed a slowdown of their fee of progress in 2017.

Place in 2018                         Sort of enterprise                         Place in 2017

1                                                    Barbershops                                        2

2                                                    Magnificence salons                                      3

3                                                    Tobacconists                                        1

4                                                     Cafés and tearooms                            5

5                                                     Nail salons                                           7

6                                                     Eating places and bars                          10

7                                                     Espresso retailers                                        6

8                                                      Pizza takeaways                                  –

9                                                      Well being golf equipment                                         –

10                                                     Cell phones                                    8

Hilary Corridor, Nationwide Hairdressers Federation’s chief government, stated: “Whereas this report gives proof of the persevering with progress and recognition of barbershops it does imply that these companies face ever-increasing competitors in a troublesome market.  To remain forward of their opponents, they should work more durable than ever on their model, on delivering an excellent consumer expertise, investing of their groups and retaining tight management on prices as a way to flip a revenue.”

The report could be discovered right here



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