Digital wellness app, Centr, is launching a range of own-branded fitness equipment for homes, gyms and athletes in partnership with sister company, Inspire Fitness
The sporting goods retailer posted a sales growth of 3.6% in the second quarter of 2023, on a comparable basis to the same period of 2022, but saw its profitability fall due to the impact of high stock reductions.
According to Forme’s internal management projections, the fitness maker predicts a combined gross revenue to exceed $10 million in 2023 and over $25 million in 2024. By the fourth quarter of 2024, the company says the combined business is expected to be cash flow positive.
This new treadmill does not skimp on power or features. Designed to offer exceptional performance, the G788 is a testament to our commitment to innovation within a range that symbolizes the evolution of the fitness market.
In August 2023, U.S. consumer confidence dropped significantly due to labor market pessimism, higher borrowing costs, and persistent inflation. The Conference Board expects a recession by year-end.
Self Esteem Brands is looking for further expansion and has set itself a target of reaching 10,000 units globally
1. Fitness equipment company Fitell goes public on NASDAQ: Raises $15 million, but stock plummets 50% two weeks later On August 8, 2023, Fitell Corporation, the online retail giant in Australia’s fitness industry (stock code: FTEL), successfully debuted on the US NASDAQ. The initial stock price was $5 per share,...
Gympass reports that it has now recorded 300m check-ins up to July 2023. In March this year it said it had reached 250m. The 100m milestone was 18 months previous to that
Psycle has opened its fifth London studio in London Victoria. The studio will be powered by renewable energy.
1. DHZ appointed David von Hase as new product and quality management head As of June 2023, DHZ has restructured its product management team. David von Hase, CEO of the European Sales Division, will take over the position of Head of Product Management at DHZ’s new headquarters in China. The...
Peloton is aiming to expand its market share by relaunching Peloton for Business, which offers customized health and wellness solutions for enterprise clients. Despite financial challenges, the company is working hard to restore growth through innovation and market expansion.
Echelon Fitness launches the Echelon Strength Pro, a new smart fitness equipment with a 24-inch HD touchscreen, multiple resistance modes, and customizable workouts. It aims to provide a versatile, user-friendly, and durable fitness solution for both home and commercial use.
1． Nike enters into fitness studios market Nike has entered the group fitness market with the introduction of Nike Studios in partnership with FitLab. These studios aim to provide a fresh approach to group fitness accessible to all individuals and goals, featuring classes led by Nike trainers. The initial physical...
F45 Training Holdings Inc. announced its intention to voluntarily delist and deregister its securities from the New York Stock Exchange. The company failed to meet the exchange's continued listing standards due to non-compliance with public filing deadlines and a share price below $1 for 30 consecutive trading days. F45 believes...
GymNation, which was acquired by JD Gyms in 2022, has opened its latest health club in Dubai, bringing the number of sites in its UAE portfolio to 11.
YogaSix offers a variety of yoga and fitness classes designed to be accessible to all fitness levels. The brand’s growth is fueled by increasing consumer demand for mind-body wellness.
Nautilus, Inc. narrowed its loss in Q1 of fiscal 2024, though sales dropped by 23.8%. The company made significant progress by increasing gross margins and cutting expenses.
The LeBron James and Jay-Z-backed vertical climbing machine maker laid off around 25% of its staff as the connected fitness industry struggles
According to reports, Nike has partnered with FitLab, and the first physical stores will be located in West Hollywood and Newport Beach in Southern California, close to FitLab's headquarters. The new Nike Studios will take over and reshape existing fitness club brands in order to quickly launch their own fitness...
The revenue of European gyms has returned to pre-Covid levels, with global revenue reaching 28 billion euros, a 66% increase compared to 2021.
Incorporating valuable customer feedback, FITBENCH has released its highly anticipated Next Generation FITBENCH ONE, a versatile fitness bench for health clubs, boutique studios, and vertical market facilities that sets new standards in innovation and design. The newly released re-engineered and re-designed bench boasts improved features along with the brand’s commitment...
Fitell faced adverse effects from the capital market after going public. As of August 25, Fitell's stock price has dropped to $2.55 per share, nearly half of its initial offering price.
Fitbit has announced the launch of an all-new, personalised and customisable app coming later this year.
1. American brand, Xponential, announced revenue increased by 30% to US$77.3 million Aug 03, 2023, Xponential, an American group class fitness brand, announced its financial report for the second quarter of 2023. Data show that during this period, revenue increased by 30% to US$77.3 million, and North American system-wide sales...
As a practitioner in the fitness equipment industry quality control, this article will discuss different types of locking methods for double bar products, hoping to help practitioners fully understand these products.
