The Founder and Creative Director of Hair We Are, Olanike Idowu, has said her luxury read-to-wear hair business grew and significantly increased its customer base during the recent economic recession that hit Nigeria.
Idowu, who said this at GTBank Fashion Weekend in Lagos, noted that the economic crunch made Nigerian women to realise that it is more cost-effective to buy one luxury ready-to-wear hair that would last several years than buy any hair brand.
She said, â€œFor us, business was good during recession because women realised they couldnâ€™t continue buying hair every now and then. They needed to invest in one that will last forever. We opened our first shop two years ago, during the recession. Trust me, our market share in the high-end section is significant. Our customer base keeps increasing every day. The value of our product stands out so much that we donâ€™t need to market too much.
â€œOther people seeing our products on our customers always ask them where did you get this from. That is the feedback we get always. Yes, there is recession but we canâ€™t complain. Women always wear hair no matter what. So theyâ€™ve bought bad hair and have seen somebody who sells great hair, why wonâ€™t they invest in great hair that will last them forever, and also help them achieve the look they want.â€
Idowu noted that Hair We Are had created 150 different ready-to-wear hairstyles giving their customers a wide range of products to choose from based on either texture or price.
She added, â€œIn our niche, we are the first to open a big shop with a stock of about 150 different ready-to-wear hairstyles. On a typical Saturday, we get up to 20 to 30 customers coming in, picking up different hairstyle, so they can try out different looks. So that they know what looks right. Itâ€™s not about just getting it.
â€œChoosing a hairstyle at our shop is like a fun game. You try different hairstyles until you get the one that pops.
The next question is: does it fall within your price range? As far as you are looking for luxury human hair, you will get something that fall within your price range.â€
She stated that because of its growing customer base, Hair We Are was working at getting bigger, more comfortable and modern shops in different locations within and outside Lagos State.
She said the business already has distributors in places like Abuja and outside the country.