High street salons thrive during recession
Independent beauty salons are holding their own on Britain's high streets, despite a decline in independent retail stores. Beauty salons now rank number four in the top 20 industries organised by number of UK high street shops, according to new research. Simply Business, the UK's largest business insurance provider, conducted the study of 75,000 small independent high street businesses to show the changes that have taken place over the past two years. The study has been conducted in light of the recent review into the decline of the high street headed by 'Queen of Shops' Mary Portas. Since 2008, independent and start-up hospitality business have increased on the high street, with the proportion of beauty salons rising from 2% to 3% of all high street outlets. While personal grooming is not the fastest growing market, it still remains a strong industry compared with independent fashion retailers, which are struggling to compete against larger high street chains and the increasing number of out-of-town shopping malls. Fashion retailers have fallen one place from number one to number two in the rankings, while newsagents have fallen five places to number nine. Regionally, London and Birmingham are the most popular cities for beauty salons with 7% and 4% of the market respectively.