The Professional Beauty Association (PBA) just announced their Quarterly Salon/Spa Performance Index (SSPI) for the fourth quarter of 2009. The index rose for the third consecutive quarter to 102.6 up from 101.9 in the third quarter. The increase was driven by improvement in service sales and customer visits. Retail sales are still lagging from the prior year. Salon and spa owners are optimistic about 2010 with 72% expecting higher sales.
PBA is a great organization. All salons should belong. Check out their website at http://www.probeautyassociation.org.
Showing posts with label PBA. Show all posts
Showing posts with label PBA. Show all posts
Tuesday, April 27, 2010
Thursday, December 24, 2009
WE SUPPORT PBA
We at Kopsa Otte are strong supporters of the Professional Beauty Association. We wish everyone belonged. Check out their website for membership information at: http://www.probeauty.org/.
PBA is definitely the "voice" for the Salon & Spa Industry in Washington. Here is a link to their video on The Power of Networking: http://www.youtube.com/watch?v=Y0g_tMHI388.
PBA is definitely the "voice" for the Salon & Spa Industry in Washington. Here is a link to their video on The Power of Networking: http://www.youtube.com/watch?v=Y0g_tMHI388.
Wednesday, August 26, 2009
PBA TRACKING SURVEY
The Professional Beauty Association recently released a new report called the PBA Salon/Spa Industry Tracking Survey. Salon Today published the following article. Join Salon Today by clicking on www.salontoday.com.
"PBA’s Salon/Spa Industry Tracking Survey Reveals Challenges, Shows Encouragement
Published: June 16, 2009
The Professional Beauty Association recently released the first quarter 2009 results from the PBA Salon/Spa Industry Tracking Survey, a new report that will be published quarterly. Conducted via a panel of 600 salon/spa owners from around the country in consultation with PBA Economist Bruce Grindy and the PBA Salon/Spa Leadership Council.
In addition to reporting on industry-wide trends, the survey also provides cross-tabulated results based on annual sales volume. The second quarter survey will include the launch of the Salon/Spa Performance Index (SSPI), a quarterly composite index that tracks the health of and outlook for the US salon/spa industry.
Much like the national housing market index and the national restaurant performance index, PBA anticipates a sustained level of interest in these economic indicators. The results of the first quarter 2009 survey are challenging, yet encouraging. Nationally, salon/spa owners reported a decline in both service and retail sales between the first quarters of 2008 and 2009—44 percent of respondents reported a decline in total service sales, while 49 percent reported a decline in retail sales.
However, 54 percent of salon and spa owners are generally optimistic about service sales growth in the months ahead, while only 15 percent expect lower sales. In addition, 62 percent of salon/spa owners expect business conditions to improve in the next six months, while only 7 percent think conditions will be worst than they are now.
Other First Quarter 2009 Salon/Spa Facts:
Salon/spa owners reported an average 0.5 percent increase in back bar costs in the first quarter.
On average, salon/spa owners reported a 2 percent increase in their service prices.
35 percent of salon/spa owners made a capital expenditure for equipment, expansion or remodeling, and 41 percent plan to make one in the next six months.
24 percent of salon/spa owners reported "building and maintaining sales volume" as their number one challenge.
16 percent of salon/spa owners plan to open at least one new establishment in the next six months.
Although salon/spa owners reported relatively steady staffing levels in the first quarter, the reported a cutback in overall employee hours.
The PBA Salon/Spa Industry Tracking Survey is $195 for a yearly subscription for non-members and is provided complimentary to PBA members. For more information, please visit probeauty.org."
"PBA’s Salon/Spa Industry Tracking Survey Reveals Challenges, Shows Encouragement
Published: June 16, 2009
The Professional Beauty Association recently released the first quarter 2009 results from the PBA Salon/Spa Industry Tracking Survey, a new report that will be published quarterly. Conducted via a panel of 600 salon/spa owners from around the country in consultation with PBA Economist Bruce Grindy and the PBA Salon/Spa Leadership Council.
In addition to reporting on industry-wide trends, the survey also provides cross-tabulated results based on annual sales volume. The second quarter survey will include the launch of the Salon/Spa Performance Index (SSPI), a quarterly composite index that tracks the health of and outlook for the US salon/spa industry.
Much like the national housing market index and the national restaurant performance index, PBA anticipates a sustained level of interest in these economic indicators. The results of the first quarter 2009 survey are challenging, yet encouraging. Nationally, salon/spa owners reported a decline in both service and retail sales between the first quarters of 2008 and 2009—44 percent of respondents reported a decline in total service sales, while 49 percent reported a decline in retail sales.
However, 54 percent of salon and spa owners are generally optimistic about service sales growth in the months ahead, while only 15 percent expect lower sales. In addition, 62 percent of salon/spa owners expect business conditions to improve in the next six months, while only 7 percent think conditions will be worst than they are now.
Other First Quarter 2009 Salon/Spa Facts:
Salon/spa owners reported an average 0.5 percent increase in back bar costs in the first quarter.
On average, salon/spa owners reported a 2 percent increase in their service prices.
35 percent of salon/spa owners made a capital expenditure for equipment, expansion or remodeling, and 41 percent plan to make one in the next six months.
24 percent of salon/spa owners reported "building and maintaining sales volume" as their number one challenge.
16 percent of salon/spa owners plan to open at least one new establishment in the next six months.
Although salon/spa owners reported relatively steady staffing levels in the first quarter, the reported a cutback in overall employee hours.
The PBA Salon/Spa Industry Tracking Survey is $195 for a yearly subscription for non-members and is provided complimentary to PBA members. For more information, please visit probeauty.org."
Wednesday, August 19, 2009
PBA & NCA ANNOUNCE MERGER
At noon on August 6th, "The Professional Beauty Association (PBA) and the National Cosmetology Association (NCA) released an announcement that the two organizations have signed an agreement to merge, effective immediately.
Read more about the merger in Modern Salon at PBA & NCA Announce Merger.
Wednesday, December 10, 2008
THE POWER OF PBA
You've heard me say several times how important the Professional Beauty Association (PBA) is. I encourage all salons and spas to be members of PBA. Visit www.probeauty.org to find out how to join.
"When businesses and individuals join together in an association like Professional Beauty Association (PBA), we are more powerful advocates at the local, state and national level. Public policy and perception can have a profound impact on the professional beauty companies and organizations that populate the professional beauty industry. PBA's government affairs initiatives focus on a range of front-burner issues crucial to the beauty industry, including a tip-tax credit for salon/spa owners, wage and hour issues, health-care costs, license mobility, ADA lawsuits, manufacturing issues, and health and safety issues."
Here's how PBA helped in New Jersey.
"When new and confusing state tax legislation was passed in New Jersey, 'Having PBA to advocate for salons here in New Jersey was a big relief,' said Ed Simon of Mystique Hair and Skin. 'It's comforting to know there are experts on staff at PBA to turn to when issues like this arise.' Through direct lobbying, grassroots engagement and involvement in strategic coalitions, PBA advocates the interests of the beauty industry on issues that matter most."
"All of the work PBA is forging in government affairs is supported by individuals like you - citizens of a dynamic industry who understand the real cost of apathy and the true power of ideas and action."
Thursday, July 17, 2008
LEARNING LOUNGE AT COSMOPRO
I was honored to have the opportunity to speak at the Learning Lounge, sponsored by PBA at Las Vegas during the CosmoPro Event. The topic of Learning Lounge was employee compensation. Besides myself, there was an attorney present to discuss labor laws, along with two panels discussing compensation issues. If you weren’t there, you really missed out on some interesting comparison of compensation plans and issues in the industry. In addition, the labor information is something we all need to get our arms around.
PBA is to be commended for their continued efforts to serve our industry.
PBA is to be commended for their continued efforts to serve our industry.
Larry Kopsa CPA
Friday, March 14, 2008
PBA WORKING TO HELP SALON INDUSTRY
The article, "PBA + SBA = A-OK," in Beauty Launchpad's, December 2007 issue describes how PBA is lobbying to help the salon industry.
"In 2004, the Small Business Administration (SBA) considered changing how the federal government defined a small business, which not only would have resulted in hundreds of salons losing their small-business status, but also would have placed a tremendous record-keeping burden on the thousands of salons that would still qualify as small businesses."
The combined effort of PBA and its members helped convince the SBA that the proposal wasn't in the best interests of the salon industry.
PBA is a great organization. If you don't belong, you should. Check out their website for more information: http://www.probeauty.org/.
Subscribe to:
Posts (Atom)
