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Revenue of beauty salons in Russia fell to 70%

Revenue of beauty salons in Russia fell to 70%
Photo: pixabay.com

The fall in the revenue of beauty salons and hairdressing salons in Russia amounted to 30% to 70%. A noticeable reduction was recorded from June to September.

As the Kommersant citing the results of a study by the Association of Beauty Industry Entrepreneurs, such a drop in revenue for some outlets depending on rental rates is critical. According to experts, by the end of November, the fall will be even more noticeable, and December will be the most difficult month due to the cancellation of New Year's corporate parties.

The situation is aggravated by the fact that beauty salons were unable to obtain preferential loans to pay salaries: the salons were unable to retain 90% of the staff, as required by law. Representatives of the beauty industry believe that if new restrictive measures are not introduced, then by the end of the year the revenue of beauty salons in the country as a whole will fall by 45%.

In May, representatives of beauty salons said about imminent bankruptcy 60% of market participants... The owners of hairdressing salons could not get interest-free loans from banks for the salaries of their employees.

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