With solid growth for 10 years and with over 70 clinics worldwide, our growth is based on a well-designed strategy, focused on the end customer and support for our Franchisees.
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The beauty industry is built on the product and services that help us look the way we want, or the way we believe we should, for personal or professional reasons.
The beauty industry is known to be resistant to economic downturns – even faring well during the Great Recession of 2008. Though consumers tend to be more price conscious during those times, they do not stop spending. So, in today’s environment of rising per capita income, the beauty business is booming.
In 2015 the industry generated $56.2 billion.
And there are a number of trends within the industry that are driving growth and revenue. Chief among them:
- Products and services focused on our aging population – there is a large retired/retiring population and most of them have money to spend.
- Products and services focused young adults. – in particular, millennial moms are willing to pay a premium to make sure they are fitted.
Men’s product and services – this trend is still relatively new but is expected to drive growth for years to come.