Pulse August 2015 | Page 64

AUGUST 2015 T he monthly ISPA Snapshot Surveys give ISPA members the opportunity to participate in useable and relevant industry research. In May, members were asked about their retail sales—how important the sale of retail products is to overall revenue, what they sell and how they sell it. NATIONAL PARKS MONTH (U.S.) All spas that responded to the survey sell retail products, although sales are more important to some spas than to others. On average, most spas generate 10 to 15 percent of total annual revenue from the sale of retail products, but there was wide variance within the results. Despite their importance to total revenue, most spas are not planning on a dramatic increase in the amount of August is... l National Golf Month (U.S.) l Family Fun Month While most spas are not planning on an aggressive expansion of their retail l National Parks Month (U.S.) product variety, the majority do plan promotions and staff incentives to make l Foot Health Month retail products they sell. A significant majority, 59 percent, are only planning on introducing one to three new products over the next 12 months. the most out of their product mix. Almost two-thirds of spas hold product promotions at least once every two months, with 35 percent engaging in new promotions every two weeks. More than half of all spas are setting regular retail sales goals while 79 percent incentivize staff to upsell retail products. Cooper Spa June Jacobs 2 3 12 International Friendship Day August Monthly ISPA Foundation Auction open for bidding International Youth Day 2015 East Coast ISPA Media Event Langham Chicago The Body Spectrum To receive next month’s survey results, be sure to check your inbox for the September survey link to participate. 62 PULSE n August 2015 14 21 14 28 31 Deadline to be considered for the 2015 ISPA Foundation Live Auction August ISPA Snapshot Survey opens Women’s Equality Day (U.S.) August Snapshot Survey participation deadline Last day to bid on the ISPA Foundation August Monthly Auction item Last day to save US$100 on 2015 ISPA Conference & Expo registration rates