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Tonal, a company that sells a wall-mounted workout station for $2,995, is in talks with investors about raising new equity, according to people with knowledge of the matter.
Some of the laid-off employees had been with the company for five years—a situation that left people feeling “angry” and “blindsided."
Vietnam-based WeFit, a fitness startup modelled after ClassPass, has filed for bankruptcy after running out of cash in the wake of the COVID-19 pandemic.
Glofox, the gym management software company, announced the launch of a new platform that enables gyms and fitness studios to deliver live streaming and premium on-demand content. The company also announced additional funding of $10M, bringing total funding for the company to date of $23M.
With U.S. fitness enthusiasts relegated to working out at home during the coronavirus pandemic, Hydrow, which makes rowing machines that use streaming video classes, is in talks to raise new funds.
Italian fitness equipment maker Technogym (TGYM.MI) reported a slump in first-quarter sales due to coronavirus lockdowns, partly offset by a jump in home fitness sales as people stay and work out at home.
Shuttered gyms are seeing memberships and on-site retail sales plummet, prompting many to shift their services online. But an absence of seamless digital payment experiences to complement these virtual offerings can deter customers from even signing up, says Ryon Packer, chief product officer at payment facilitator ABC Financial. In this month’s COVID-19 Business Recovery Report,...
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Battered by the coronavirus-shutdowns of its stores that pushed net losses to $200 million in the first three months of the year, Pittsburgh-based GNC Holdings Inc. may file for bankruptcy protection if it can not convince lenders to delay payments due May 16 on $50 million in debt, company officials said
As U.S. consumers tackle ways to keep themselves and their families busy, active, and fit during this time of social distancing, sports and home fitness equipment as well as children’s and adult leisure bicycles have seen double- and triple-digit sales increases.
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