App Time Beats TV Watching Time: Report
The app time beating TV watching time report found that people with devices used apps for an average of 4.2 hours a day in 2020.
Planet Fitness Expansion Occurring Despite Pandemic
Despite the pandemic, Planet Fitness hopes for further expansion with 100 new locations next year by appealing to the sometimes exerciser.
Tonal Becomes Unicorn With Another $250M Raised
Tonal said it'll use the funds on marketing & creating content for its streaming workout channel to meet the swell of demand.
Motosumo Attracting Investors With Peloton-Like Biking
Investors in Motosumo include Danish-based Promentum Equity Partners & PreSeed Ventures, and London-based Magenta Partners.
Care/of Readymade Vitamin Products Now at Target
Care/of, founded in 2016, sought to take the desire to have everything customized and mail-delivered to the vitamin world.
Peloton Technology Likely to Improve With 3 Acquisitions
For a total of $78.1m, Peloton has purchased three small technology firms specializing in voice recognition, wearable devices & interactive workout mats.
Group Fitness Classes Resuming in NYC Despite Politics
Indoor group fitness classes can resume at 33 percent capacity in NYC starting on Monday, said Gov. Andrew Cuomo at a COVID-19 briefing.
American Rescue Plan: No Funds for Gyms
A proposed $30b recovery fund for the fitness industry is not part of the $1.9 trillion American Rescue Plan that the president signed.
US Fitness Industry Lost 58% Revenue in 2020
US fitness industry profits shrunk from $35b to $15b from 2019 to 2020, leading to loss of 1.8m jobs and closures of 17 percent of gyms.
Adidas and Peloton Announce Partnership
No details on fitness’s hottest name & the time-tested shoe giant's collab, but will Adidas take over the Peloton clothing & accessory shop?
