As an industry, total revenue has increased by 12% overall when comparing January 2022 to January 2023 with the Hair Industry increasing by 8% and the Beauty Industry by 28%. Overall service Revenue increased by 17% and Retail has increased by 7%. We are seeing an average Docket charge increase of 5% and an increase of 8% in the number of dockets.
Overall, the Industry has Decreased by 4% from 16% last month to 12% this month. The Beauty Industry Increased by 14% from 14% last month to 28% this month. The Hair Industry has decreased by 8% from 16% last month to 8%.
The Hair Industry Increased Service Revenue by 13% year on year but retail has remained unchanged in the January 2022 to 2023 comparison. Average docket charges increased by only 1% and client visits increased by 8%
The Beauty Industry Increased Service Revenue by 34% and Retail Increased by 33%. Average docket revenue increased by 20% and total client visits by 7%
The standout statistic this month is that while the increase in client visits were similar in both industries, Hair 8% and Beauty 7%, the Beauty industry was able to turn this into a 28% revenue compared to the Hair industries 8% total revenue because of the Beauty Industries 20% increase in average docket charges.
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