The Beauty Industry is Booming – Here’s What It Means for Your Business!

"Overall employment of barbers, hairstylists, and cosmetologists is projected to grow 7% from 2023 - 2033, faster than the average for ALL occupations." Dear Sharkey’s Family, Franchisees, I wanted to share some exciting industry news that reinforces the strength of our brand and the long-term potential of what we are building together. According to the U.S. Bureau of Labor Statistics, the overall employment of barbers, hairstylists, and cosmetologists is projected to grow 7% from 2023 to 2033—which is faster than the average for all occupations. Industry Insights: • Total Employment: There are over 525,000 hairstylists and cosmetologists currently working in the U.S. • Top States for Employment: Texas, California, Pennsylvania, Florida, and New York lead in hairstylist employment numbers. • Highest-Paying States: The District of Columbia, Massachusetts, Washington, Maine, and Colorado offer the highest wages in the industry. • Metro Areas with the Most Stylists: New York City, Chicago, and Philadelphia rank among the top metropolitan areas for hairstylist employment. What This Means for Sharkey’s & Kids’ Salons As the beauty industry continues to expand, Sharkey’s is in a unique position to capitalize on this growth. While most hair salons cater to adults, our fun, engaging, and family-friendly experience sets us apart. Parents are looking for salons they can trust—places that not only provide great haircuts but also create memorable experiences for their kids. Why Sharkey’s Stands Out: ✔ A One-of-a-Kind Experience: With fun car chairs, mini-manicures, video games, and TVs at every station, we make haircuts enjoyable for kids and stress-free for parents. ✔ Growing Demand for Kid-Focused Services: More families are prioritizing quality and experience, making Sharkey’s the go-to choice for children’s haircuts. ✔ Strong Brand & Franchise Support: As the industry expands, our model continues to thrive by combining high-quality service with an experience that keeps families coming back. How This Impacts Your Business: ✔ Recruitment & Retention: With employment in hair styling on the rise, competition for great stylists will increase. Creating a positive salon culture, offering incentives, and investing in training will be key. ✔ Long-Term Growth: With more professionals entering the field, there’s a strong pipeline of talent for hiring and expansion opportunities. ✔ Market Leadership: Sharkey’s isn’t just another salon—we are the leader in the kid’s haircut industry. We provide a unique service that differentiates us from traditional salons and other kids salons, positioning our franchisees for long-term success. Now is the time to take advantage of this momentum. Let’s continue working together to make our salons the best places for both our teams & our customers! □ Read the full report here: BLS Report Sincerely, Sharkey's Corporate