Salons with alternative business models could be new norm in a post-pandemic world
Coronavirus causes Atlanta salon to lose $35K
Authentic Beauty CEO Alyson Hoag discusses her plan for safely reopening the Atlanta salon amid coronavirus.
The salon industry has been crippled by the novel coronavirus, which has caused the nation's economy to come to a near standstill, and the future remains bleak for businesses that are attempting to sustain viability and survive the effects of the pandemic.
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However, salon companies with suite-based business models are seeing an uptick in demand for both stylists and services, providing a glimpse into what the beauty care industry could look like in the post-pandemic world.
HAIR SALONS, SPAS CRIPPLED IN CORONAVIRUS
“The beauty sector estimates that 25 to 30 percent of traditional salons may not survive this crisis,” Sola Salons CEO Christina Russell told FOX Business. “Salons traditionally are very small microbusinesses that are not set up to well to withstand a crisis like a recession, let alone a pandemic.”
Sola, a salon studios franchise company with 505 locations and 15,000 beauty professionals, leases spaces to independent stylists to work under their own business and licensing. Each salon is its own independent studio equipped with a sink, salon chair, and back bar, yet combined with the synergy and support network of like-minded stylists in the co-locations of the shared building space.
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