BEAUTY AND THE ECONOMY



CURRENT WORLD ECONOMY SLUMPS HAVE HIT ALLOT OF DIFFERENT SEGMENTS OF OUR BUSINESS STRUCTURE INCLUDING THE BEAUTY INDUSTRY .

The beauty industry as a whole is probably off by close to half of its normal projected earnings for this time of the year .

People just arnt spending the money on their hair the way they used to . They seem to be putting off the cuts longer then usual and definitely cutting back on the expensive color.

The general feeling to me is that people are paying for mortgages , credit cards , car payments , and food only right now . And , as we know allot of folks are not even able do that .

The things we can really do without arnt getting much business , like the beauty business , restaurant , retail , service , transportation , virtually everything is off to a certain degree .

Unfortunately this spending trend is expected to continue for some time , putting pressure on allot of small businesses which make up the core infrastructure of the beauty industry .