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The typical woman client will spend between $800 and $900 a year on cuts, styles and the occasional dye job, reports Welcomemat.There may be room to negotiate at fancier hair salons too.
People will wear old clothes but find it difficult to skimp on a good haircut, says Nick Arrojo, owner of Arrojo Studio in New York and former star of TV's "What Not To Wear." Indeed, despite the recession of 2008, the number of mom-and-pop hair salons increased by nearly 8% between 20, according to the most recent data available from the U. "A woman is not going to go on a date if her dark roots are showing," says Michael Duenas, CEO and founder of hairstyling service Hair Room Others point out that despite the rising prices, most hairstylists aren't raking in the dough.
Consumers may cut back on their haircuts but they aren't likely to stop visiting the salon altogether, says Kathryn Hawkins, a consultant for small businesses.
economy lost 1.6 million jobs between January 20, salons and spas added 75,000 jobs, according to the Professional Beauty Association."It's a very resilient industry," Arrojo says.
"...except when we feel like negotiating." Some hairdressers will advertise a high price to make them look like they're in demand, but when pressed will charge a lower fee.
Even hair stylists that aren't doing a brisk business may start advertising and charging higher prices to make up for low volume, Arrojo says.
When it comes to styles, industry experts say consumers typically believe they're getting a better cut, from a more established stylist, when they pay more, he says.
There's good reason to negotiate, especially in a neighborhood salon, experts say. According to a recent survey by Atlanta, Ga.-based direct mailing company Welcomemat Services, hair salons are the third most patronized local businesses after pizza restaurants and car washes.
The Bureau of Labor Statistics estimates that consumers will need nearly 16% more hairdressers and beauty salons by 2020.2. The average hairdresser makes an annual salary of only ,700, including reported tips, according to the Bureau of Labor Statistics.
"Your hairline may be receding, but our prices aren't..." The Federal Reserve has worked to keep inflation low over the past year, but Chairman Ben Bernanke -- who probably doesn't need many haircuts -- doesn't seem to be having much luck with the salon industry. Hairstylists also point to the rising popularity of big hair -- curls and waves -- over straightened styles.