Another New York Spa Closes
Interesting industry news this week: Lather Spa, an L.A.-based skincare company (with a great name in my opinion), opened in Manhattan.
What is even more interesting is that it opened in the same space that used to be the Greenhouse Day Spa. That took me by surprise, as the Greenhouse closing was not on my radar.
I’ve noticed a slight increase in the number of day spas throughout the U.S. that have been sold or have closed in the past few months – we keep track because of our need to keep Spafinder.com current.
This comes just a few months after the Avon spa – in the same neighborhood – announced that they were closing down. Perhaps some fresher spa concepts – such as the well publicized Cornelia Day Resort – have lured much of the Upper East Side business away from Avon and Greenhouse. I don’t tend to believe what press releases say about why spas close or sell; most of the time it has everything to do with the balance sheet.