Based on your estimate, each hairstylist only bring in $15 gross revenue per hour. You think can even pay rental and running costs? Where is the logic?1.5 customers per stylist per hr will be more accurate.
Time and again, I see no customer or just 1 customer worked on by 1 stylist.
In any case, I've never got inside QB or EC to have a hair-cut. I've right-graded from shopping centre upmarket hair salons to Malay barber shop and now to Snip Street after I discovered its $3.80 per hair cut.
Also, at Snip Street, I can make friends with the PRC cashier or the female hair stylist, which all of them come from Malaysia.
That's why I never go to these cheap ones. Don't feel good sharing sissors, cutter, comb and apron with these ah nehs.i saw Bangla, Malay guys cut hair at Snip Avenue. cheap mah.
Based on your estimate, each hairstylist only bring in $15 gross revenue per hour. You think can even pay rental and running costs? Where is the logic?
in business, you don't estimate based on lowest volume. Anyone here who frequent malls will tell you that there is always some customers having haircut inside QB, even during off peak hours. In the more popular outlets like Toa Payoh and Bishan, seeing three or four hair stylists is not uncommon.
Alot of coffee cafes opening and have opened in peesai, but do you know Gloria Jeans closed alot of their shops due to poor business, even some starbucks dont make more than 500 bucks a day. Even with their takeaways. Peesai too small of a market. I got this info from suppliers and also to my manager kakis in FnB.
Can't disagree with that. But QB and EC are still making it good, at least that is what I observed up to now. There is always steady stream of customers.Many businesses are just nice concepts on paper, but fail miserably when put to practice. That's why prices keep going up to sustain the viability of its business model.
The same biz can have vastly different results.
For instance, Borders bookstore failed miserably because of the absurdity of allowing people to go in and not just browse books but to literally plonk themselves in an outlet the whole day and read a book from cover to cover. So, it drew more scroungers than customers.
On the other hand, another similarly high-end bookstore Kinokuniya succeeds marvellously because it caters to the serious book reader. Rent at Taka is about the same astronomical rate as it was for rent for the Borders store at Wheelock Place. Yet, it seems Kino is profitable and just recently announced further expansion in Singapore.
Borders book are expensive and wider range, ie. carrying too much dead stock.
Can't disagree with that...................
What I still can't figure out are the luxury goods like Gucci, Prada etc. So many shops along orchard road, and all are super prime locations with super expensive reno. But you don't see the kind of sales volume like those in HKG. I suspect many of these luxury brands will need to scale back their retail presence in sinkieland in the coming years.
Care to explain how the luxury brands here do the money laundering?It's MONEY LAUNDERING at its best and also for branding and tax evasion. Can be all these reasons or some of them. For QB and EC, it's a clear case of structuring a commission scheme with ZERO basic pay for its stylists and also a clear case of a few outlets doing well to support the majority that are not. It will not last by increasing price. It should just cut down the number of outlets but then again, it can't because I've a suspicion the owners are trying to turn it into a franchise to expand into other countries.
Let's face it, if the concept is so darn workable, you will see many copycats, just like bubble tea, or manicure/pedicure girlie shops, but they're hardly never in shopping centres but in neighbourhood centres instead. There are reasons for this and one of them is the rental. Look at Snip Avenue, it offers hair-cuts for $3.80 and hair bonding/coloring, etc at good prices and it's definitely a winning formula. QB and EC just offer a gimmicky product and that is 10 mins hair-cut. Now, who is so in a rush for a 10 mins hair-cut, but only idiots and parents with young kids who has no time on their hands even for a decent hair-cut and frankly, at $10, it has severe competition from Mohd Salleh barbershop at the corner unit in a shopping centre.
Like 1.99, Nanz Chong had a nice concept but she still failed. While Daisu succeeds like crazy. And I know why but it's too detailed to expound here.![]()
EC House will follow? I guess so.
i don't mind QB's increase...QB still maintains the standard...the others... copycats... have failed quite badly.....some really very terok ones!!!...i once got a prc boy cropping my hair....it was horrible!!!
Even at $12 the price is very cheap.
because all I need is a quick haircut to remove as much hair as possible.![]()
Weasel words such as 'cheap' or 'affordable' tell nothing at all.