Gyms: Millennial tribalism bedevil the US fitness business
Middle-tier gyms struggle against low-cost establishments and luxury boutiques shared by members with the same passions
27 January 2020 - 16:12
New York — It’s midday, mid-January at a New York Sports Club in Manhattan. Weights are clanking. Classic rock is pumping. Sweat is sprouting. A steady stream of customers files in and out.
Despite the buzz of the busiest time of year, debt problems are bedevilling the fitness business, especially middle-market gym chains such as parent company Town Sports International Holdings and its peer, 24 Hour Fitness Worldwide...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.