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.
Under Armour on Monday reported a sales decline of 23% during its first quarter as its business took a blow from the coronavirus pandemic and its stores were forced shut, freezing its turnaround plans.
Since going into quarantine, I've seen two of my budgets skyrocket: my coffee spending, and the money I put into fitness. With studios in my neighborhood and across the country closed due to coronavirus restrictions, I didn't exactly see that second one coming (admittedly, I could have predicted the caffeine spike). Yet now that I...
Analyst calls company an ‘unstoppable juggernaut’
The company said the move would mean the permanent closure of 30 company-owned gyms.
Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its first quarter ended March 31, 2020 and provided a further update on its response to COVID-19.
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