In a recent November article in Forbes, Peloton CEO John Foley said he isn’t quite sure what to make of his companies public market’s reception commenting: “It’s a head-scratcher.” As I will explain, the failings of WeWork, the massive declines in value among Uber and Lyft, and most recently Under Armour and Fitbit’s valuation woes […]
Club Industry Magazine Club Industry Magazine HealthClubNews.org, very literally just as their name describes, offers those in the health club industry health club news with ongoing and astounding success. Comprehensive in nature this site has now been viewed by over 1,000,000 visitors who are interested in what the health club industry has to share by […]
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KEY POINTS A record 71.5 million consumers used close to 40,000 for-profit health clubs in 2018, according to the International Health, Racquet & Sportsclub Association. The biggest growth sector is boutique. Small, specialized fitness studios with ever-increasing price tags. Names like Barry’s Bootcamp, SoulCycle, Orange Theory and Zengo. Growth in fitness is strong now, but […]
Health Club Industry News Leading with the number one spot in Google ranking Health Club News is searched by thousands weekly for the latest breaking news such as club openings, franchise expansions and executive promotions to name a few topics. Updated from thousands of sources on the internet the comprehensive news and fitness business information […]
The Gold’s Gym in Courthouse will be closing Dec. 1, according to a letter to members obtained by ARLnow. The letter, sent today (Friday), says that the fitness chain made “several attempts to come to a lease renewal agreement with the landlord” but ultimately made the decision to close. Members will instead be transferred to […]
Today, Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its third quarter ended September 30, 2019. Third Quarter Fiscal 2019 Highlights Total revenue increased from the prior year period by 22.1% to $166.8 million. System-wide same store sales increased 7.9%. Net income attributable to Planet Fitness, Inc. was $25.8 million, or $0.31 per diluted share, compared to net income attributable […]
Town Sports International Holdings, Inc. (“TSI” or the “Company”) (NASDAQ: CLUB) today reported results for the third quarter of 2019. TSI’s earnings for the third quarter of 2019 are summarized below. To become fully apprised of our results, shareholders are urged to read our Form 10-Q for the quarterly period ended September 30, 2019 posted […]
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Besides his athletic career, Columbu acted for TV shows, series and in movies. He appeared in three of Schwarzenegger’s films: “The Terminator,” ”The Running Man” and “Conan the Barbarian.” Italian bodybuilder, boxer and actor Franco Columbu, one of Arnold Schwarzenegger’sclosest friends, has died in his native Sardinia. He was 78. Italian bodybuilder, boxer and actor Franco Columbu, one of Arnold Schwarzenegger’sclosest friends, has died in his native Sardinia. He was 78. Columbu died […]
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Gold’s Gym, the world’s trusted fitness authority, recently entered into a new master franchise agreement for brand development in Australia and New Zealand with Australian investment group Colour Capital. According to the deal, Colour Capital’s development commitment entails a minimum of 30 new locations in Australia and a minimum of 10 new locations in New Zealand. In addition to the development of […]
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Despite recently delisting from NASDAQ, YogaWorks still filed its form with the SEC to report its second quarter earnings, noting a 6.7 percent quarterly revenue decrease, in addition to outlining its declining stock price. Additionally, the filing addresses a pending class action lawsuit alleging that YogaWorks did not disclose critical financial issues prior to its […]
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Chris Clawson didn’t leave Life Fitness in 2017 because he wanted to. The company was his legacy, as his wife told him. And that’s why he hedged his bets and fought his way back to Life Fitness for a third time. On July 8, Chris Clawson walked back through the doors of Life Fitness, Rosemont, […]
BASIC-FIT APPOINTS REDOUANE ZEKKRI AS CHIEF OPERATING OFFICER Hoofddorp, 19 July 2019 – Basic-Fit announces the appointment of Redouane Zekkri as Chief Operating Officer (COO) and member of the leadership team of Basic-Fit as of 1 August 2019. He will complement the team, which currently consists of Rene Moos (CEO) and Hans van der Aar […]
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https://www.ihrsa.org/improve-your-club/industry-news/tracking-100-bills-that-could-impact-the-fitness-industry/ In Washington, IHRSA defeated an effort that would have required health clubs to comply with burdensome permitting regulations. The bill specifically targeted for-profit clubs with a redundant inspection program. IHRSA created a grassroots campaign motivating local health clubs to take action leading to the successful defeat of this punitive proposal. In New Mexico and […]
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A former bookkeeper at a health club in Monmouth County has been indicted on 11 charges in connection with the theft of $223,000 over a five-year-period, authorities said. Jennifer Ambrosino, 41, of Point Pleasant Borough, changed bank statements, initiated false wire transfers and submitted incorrect reconciliation paperwork in stealing the money from The Atlantic Club […]
YogaWorks will again privatize its business on July 22 after 23 months of public trading on the NASDAQ Global Market. In a media release, company executives said the decision was based on the company’s current financial situation and because its common stock is currently held by a relatively small number of traders. YogaWorks, Los Angeles, […]
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This acquisition brings Taymax Group Holdings’ club count to 65 locations across North America. It also marks Taymax’s first major acquisition since private equity firm Trilantic North America acquired a majority stake in the franchise group in August 2018. Planet Fitness franchisee group Taymax Group Holdings, Salem, New Hampshire, has acquired MJ Fitness, the operator of […]
By: Katherine Rosman is a features reporter. She covers media, social media and celebrity — and the way in which they intersect and collide. She joined The Times in 2014. @katierosman A visit to an upscale suburban mall or a city shopping district used to be marked by stops at Gap, Sharper Image and Barnes […]
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[Editors’ Note: SoulCycle withdrew its IPO in 2018. The original version of this article misstated that the withdrawal just occurred in May 2019. Club Industry apologizes for this error.The story has been revised to reflect this information.) The news of Peloton starting its initial public offering (IPO) harkens back to the pursuit that SoulCycle, New […]
The global health club industry claimed 183 million members in 2018 while generating $94 billion in revenue, according to IHRSA. The United States led all markets with 62.5 million members and $32.3 billion in revenue. The global health club industry generated $94 billion in 2018 revenue, according to the newly released 2019 IHRSA Global Report. […]
Casey Willard’s lawsuit portrays a “debaucherous” environment at Planet Fitness’ corporate offices in Hampton, New Hampshire, with claims of ritualistic drinking activities such as Fireball Friday, Beers with Peers and Beer Cart Friday, in which managers would direct subordinates to consume alcohol as early as 8:30 a.m. Judge Rules That Chris Rondeau, Other Planet Fitness […]
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