Chloe Randall

Nail & beauty salons amongst fastest growing categories in H1 2023, according to new data

By Chloe Randall | 28 September 2023 | Movers & Shakers, News

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According to the H1 2023 Retail and Leisure Trends Analysis report by the Local Data Company, the top 10 fastest-growing subcategories in the first half of this year was dominated by health & beauty, cafés & fast food and grocery retail sectors.

Taking the spot of the fastest growing category was barbers which has seen an increase of 304 units and nail salons taking second place with an increase of 142 units.

Lucy Stainton, commercial director for Local Data Company puts this data down to the much cited ‘lipstick effect’.

“Customers are seeking beauty services to feel better in a low cost setting,” comments Lucy.

The report also shows that there has been an average net loss of 4000 units across the UK, but despite this, the majority of beauty services has bucked this trend and has continued to see net growth.

Whilst barbers remain in the top spot, the increase in these premises has slowed.

In previous reports, the locations saw an increase of 545 units. It is believed by British Beauty Council that this points towards the challenges that hair services have struggled to overcome when it comes to energy consumption and staffing.

To read the full report, click here