The National Hair & Beauty Federation(NHBF), formally known as the NHF/NBF, has released an update on its 2019industry statistics.
The data shows a rapid increase in thetotal number of hair and beauty businesses in the industry, now totally 49,000.Perhaps unsurprisingly, barbershops have shown the highest increase followed closelyby beauty salons.
The statistics outline that survivalrates after five years have also come out as 10% higher than average for hairand beauty businesses, highlighting the longevity of companies in the sector. Overthree quarters of hair salons have made it past their first five years inbusiness.
To read more on the 2019 industrystatistics from the National Hair & Beauty Federation click here: https://www.nhf.info/news-and-campaigns/news/the-newly-national-hair-and-beauty-federation-releases-key/