HS NEWS: New Inflation Data, Consumers Are Reducing Spending, Social Media, & Employee Retentiion

The Hairdresser Strong Show

CPI is still ringing in hot so do not expect interest rate cuts unless inflation comes down more and/or unemployment goes up. Keep your employees excited about working for you by including organized community outreach and volunteer opportunities. Be authentic and own your mistakes to appeal to Gen-Z clients (or employees)! Consumers are continuing to restrict their spending, and the category which contains Hair services and products have gone up over 4% each!

Check out this week's news updates, build Strong Business, and serve your customers better!

We are all impacted by the economy and tech advancements. Your clients are, too!

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Being informed is an integral part of the success of any community or business.

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You now have extra things to talk to your customers about!

Sources:

https://fortune.com/2024/04/28/company-volunteer-programs-nonprofits-lower-employee-turnover-workforce-retention/

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https://fortune.com/2024/05/23/gen-z-ignores-brand-messaging-marketing-advertising/

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https://www.instagram.com/reel/C7aRfqBxbsC/?utm_source=ig_web_copy_link&igsh=MzRlODBiNWFlZA==

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https://www.bls.gov/news.release/pdf/cpi.pdf

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https://youtu.be/uaPLZp4qgGQ?si=74Pk34LAVKe2m1kY

Coming up in the hair industry and visiting London for classes, I noticed that hairdressers were held in higher esteem there than in the USA...I want that for us!

One of our missions is to raise the esteem and perceived importance & value of hairdressers across the USA. HS NEWS is part of that effort. We believe to achieve this goal, we must raise the bar of professionalism, service, and sophistication of hairdressers. We hope you enjoy the news and look forward to your comments!

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DISCLAIMER: Robert holds a B.A. in Business Administration with a Minor in Finance. Robert curates the news, explaining his understanding. We suggest you use this information to talk with your financial advisor, business advisor, and/or CPA. Legal counsel may be required for some of your decisions as well. If you want business advice from Hairdresser Strong, you can hire us as a consultant/advisor, but we are not financial advisors, lawyers, or accountants.

THIS IS NOT FINANCIAL ADVICE. THIS IS FOR ENTERTAINMENT PURPOSES ONLY. IF YOU NEED LEGAL, TAX, OR FINANCIAL ADVICE, SEE A LAWYER, CPA, OR FINANCIAL ADVISOR, RESPECTIVELY

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