Hair Salon Franchises Not Being Affected by the Downturn of the Economy

Even with the imminent economic slump, people in the hair salon franchise industry are not noticing a decline; in fact, they are noticing a slight increase. The business is not being affected at all by the downturn of the economy, according to an article in Franchise Times.

"It's going well. Our business is not being affected at all by the downturn of the economy. We're seeing same-store sales growth of 8 percent (from August 2007 to August 2008.) Everybody's got to get their hair cut." says SportsClip Franchisee, Mark Mansfield.

He attributes his increased client counts to a shift in how people get their hair cut. "We think what's happening is instead of the men going out for a $40 haircut, they look at SportsClips as the mid-tier," Mansfield says.

Read the full article: What Recession? - Hair Biz's Cutting Edge