The Price of Beauty
Beauty salons raked in $65 million in taxable sales in Missouri in 2005, according to the Missouri Department of Revenue, and 2006 looks even more profitable.
Barber shops? Just over $1 million in ’05.
True, there are more females than males in Missouri -- about 51 to 49 percent -- still, beauty salons have witnessed a significant rise in revenue since 2000, even during the recession.
Detailed analysis reveals a marked rise in
beauty salon revenue in the fourth quarter -- the holidays.
Statistics for barber shops reveal a similar rise in fourth quarter revenue. They also offer proof that the traditional barber shop is alive and well in Missouri -- even if total taxable revenues amount to less than two percent that of beauty salons.
Sources: Missouri Department of Revenue Public Taxable Sales Reports 2000-2006, US Census