As an industry total revenue has increased by 16% overall when comparing December 2021 to December 2022 with the Hair Industry increasing by 16% and the Beauty Industry by 14%. Overall service Revenue increased by 23% and Retail has increased by 9%. We are seeing an average Docket charge increase of 4% and an increase of 10% in the number of dockets.
Overall, the Industry has Decreased by 2% from last month. The Beauty Industry Decreased by from 20% last month to 14% this month. The Hair Industry has Decreased from 18% to 16%.
The Hair Industry increased Service Revenue by 24% and Retail by 12%. Average docket increased by 3% and client visits increased by 10%
The Beauty Industry increased Service Revenue by 21% and Retail decreased by 3%. Average docket revenue increased by 7% and total client visits by 8%
While the total industry revenue increases seem like small incremental changes its important to note that December is the peak revenue period. By comparison the total revenue increase in December 2021 compared to 2020 was 9% which then puts the December 2022 increase of 16% into perspective.
Want more Personalized Information?
ESP Cloud gives you real time analysis of your own business and most importantly the "ESP Staff Excelerators (C)" boost your or your staff turnover performance & client retention. Which is critical to maximise turnover by increasing the per client spend. This technology is available to all ESP Subscribers so if you aren’t already making use of this Industry Leading Tech ... connect with us to access your personalized view of your business in the most affordable way ... From a single Practitioner to the most sophisticated Group access your NanoVerse.
Email: info@espconnect.africa