As an industry total revenue has increased by 16% overall when comparing December 2021 to December 2022 with the Hair Industry increasing by 16% and the Beauty Industry by 14%. Overall service Revenue increased by 23% and Retail has increased by 9%. We are seeing an average Docket charge increase of 4% and an increase of 10% in the number of dockets.
Overall, the Industry has Decreased by 2% from last month. The Beauty Industry Decreased by from 20% last month to 14% this month. The Hair Industry has Decreased from 18% to 16%.
The Hair Industry increased Service Revenue by 24% and Retail by 12%. Average docket increased by 3% and client visits increased by 10%
The Beauty Industry increased Service Revenue by 21% and Retail decreased by 3%. Average docket revenue increased by 7% and total client visits by 8%
While the total industry revenue increases seem like small incremental changes its important to note that December is the peak revenue period. By comparison the total revenue increase in December 2021 compared to 2020 was 9% which then puts the December 2022 increase of 16% into perspective.
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