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. .
NordicTrack maker iFit Health & Fitness has cut 300 more jobs as the Salt Lake City, Utah-based company continues to reel from a post-pandemic change in habits. The cuts announced Monday were the fifth round of layoffs since the end of 2021, cutting ranks to 1,300 from 2,500, according to the Salt Lake Grandstand. Pink … 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
/cloudfront-ap-southeast-2.images.arcpublishing.com/nzme/DULZL4XKEGWBLI6X3EOK2PRCDM.jpg "‘Exhausted’: .3b in business loans tied to house, owners drowning in debt")
Businesses are incurring crippling costs across the board that is having major impacts. Photo / Getty Images About $2.2 billion of business loans secured by residential mortgages is due to be re-fixed within the next year with concerns rife for owners crippled by debt. The news comes as rising wages, inflation, increased costs, a devalued … Read more
Though Gas prices are lower now than it has been in months, inflation continues to send the price of groceries higher than it has been in 43 yearsmaking it a little harder for many Americans to afford the food they need. The home eating index is up 13.5% from last year, according to Most recent … Read more