Turning Hair Loss into Gain

BusinessWeek Online: Kathy Walsh was just 16 years old when her hair began falling out. She’d then fashion her own beehive wigs and decorate them with strings of pearls. In black and white photographs from back then, her hair looks a foot tall. After years of struggling with the problem herself, she finally decided to open up her own wig shop to help others suffering from hair loss.
Her niche business has bloomed. Continually outgrowing its locations, PK Walsh been forced to move into a bigger space several times, most recently in April. The salon has continued to expand its services, now including laser treatment, which helped make 2004 a record year. Although Walsh declines to provide specific figures, she says revenue has increased every year since the company’s founding more than two decades ago.

Turning Hair Loss into Gain [BusinessWeek Online]