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Finance

Nike Announces Likely Job Cuts, $790 Million Loss (UPDATE)

Nike CEO John Donahoe announced in a company-wide email on Thursday that the brand will soon be “forced to make some difficult choices” that will…

Staff Editor • Jun 27 2020
Fitness

Life Time Fitness CEO says gyms could see ‘small degradation’ as more people workout from home

Life Time Fitness CEO Bahram Akradi on Thursday said that the gym industry could see a “small degradation” as more people opt for at-home workouts, although…

Staff Editor • Jun 26 2020
Finance

Peloton hits record, and chart indicates another 28% rally ahead

Peloton keeps pedaling higher: Its shares were up 3.5% in Wednesday’s premarket. The exercise bike maker’s stock has rallied more than 100% this quarter, benefiting…

Staff Editor • Jun 26 2020
Wellness

Restore Hyper Wellness + Cryotherapy chain lands $8M for expansion

An Austin-based wellness chain with offerings ranging from cryotherapy to infrared saunas has raised $8 million for U.S. and international expansion. Restore Hyper Wellness +…

Staff Editor • Jun 26 2020
Fitness

HelloFresh: Solid Q1 Results And Its Growth Momentum Continues

Summary Solid top line growth as the company benefits from Covid-19 restriction. Management guided 10% EBITDA margin in FY20. Jaw-dropping valuation level. In its short…

Staff Editor • Jun 25 2020
Finance

Nike Is a Winner as Virus Brings Focus on Wellness, Analyst Says

Amid the global pandemic, one silver lining may be consumers’ desire to refocus on health and wellness. For many people, that means lacing up some…

Staff Editor • Jun 25 2020
Fitness

CrossFit founder Greg Glassman is selling the company after weeks of controversy

Greg Glassman is selling CrossFit, following intense backlash over his response to the death of George Floyd and the anti-racism movement sweeping the country. The…

Staff Editor • Jun 25 2020
Finance

GNC files for bankruptcy and will close up to 1,200 stores

GNC has filed for bankruptcy, warning it will close up to a quarter of its stores and search for a buyer. The 85-year-old vitamin and…

Staff Editor • Jun 25 2020
Tech

Samsung Health and Leading Fitness Brands Team up to Help People Stay Fit at Home

As people around the world continue to spend more time than usual at home, reports suggest that they have not stopped prioritizing their fitness. In…

Staff Editor • Jun 25 2020
Finance

Tilton Fitness to Close Permanently July 1 Amid COVID-19 Pandemic

Tilton Fitness, powered by Hackensack Meridian Health, announced Wednesday it will close its doors on Wednesday, July 1, citing the COVID-19 outbreak as the reason.…

Staff Editor • Jun 25 2020
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