Planet Fitness CEO explains how he keeps gym memberships at $10 Planet Fitness has kept gym membership prices as low as $10 per month for 30 years. CEO Chris Rondeau explains how the company manages to maintain the same price amid high inflation and its plans to scale internationally. .
Fitness guru Kayla Itsines has revealed that her company has been forced to lay off staff and cut costs as people return to gyms post-COVID-19. The 31-year-old launched her digital fitness platform Sweat in 2015, in partnership with her now-ex-fiancé Tobi Pearce. More than 30 employees at the company’s Adelaide headquarters will be made redundant, … Read more
Was i think Am I hanging from this bar? I think I’m an ape. I think I’m a trapeze artist. I think I’m Jason Momoa. I think I am a 54-year-old man with a questionable shoulder experiencing, by the pound, by the ounce, the precise terms of my contract with gravity. That’s one thing you … Read more
New York CNN Business — A gym membership in the United States typically costs around $50 per month. Boutique gyms and high-intensity classes are doubling and tripling. fitness planet, however, has offered monthly memberships of $10 for 30 years. The no-frills chain of gyms hasn’t raised its price, making it one of the few things … Read more
During the pandemic, Studio B Fitness YEG in South Edmonton suffered financially. Co-owner Megan Clark remained optimistic when everything opened up again: new and old members would return, helping the business thrive. Instead, the boutique gym at Whitemud Crossing faced another challenge: inflation. “The cost of everything else, with gas and food, people just don’t … Read more
Gym chain Life Time Inc. has closed sale-leaseback deals for four properties for a total of $175 million. The deals are with an institutional real estate investor “who has entered into multiple sale-and-leaseback transactions with the company in the past,” the Minnesota-based firm said in a statement. statement. The first two properties are scheduled to … Read more
An Australian fitness body says half the industry has suffered a “total loss” of revenue and Omicron is further derailing the financial growths normally seen in the New Year. Key points: The Weighed Down report found that moving classes online had limited financial benefit for coaches Research shows roughly half of industry workers have quit … Read more