The American Fitness Industry Lost 58 Percent of Its Revenue in 2020

The coronavirus outbreak has wreaked havoc on nearly every sector of the retail industry — including fitness and sporting goods. 

A growing number of fitness companies have filed for Chapter 7 or Chapter 11 bankruptcy in recent months, after failing to recover from temporary government-mandated closures to gyms and indoor fitness facilities intended to prevent the spread of the disease.

Each of these companies also join a rapidly expanding list of retail bankruptcies so far this year, which include restaurants and off-price clothing brands.

Here’s a list of the fitness and sporting goods companies that have filed for bankruptcy in 2020… READ MORE @ Business Insider