Industry News

The Centr app, founded by actor Chris Hemsworth, is launching into the fitness equipment market

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

Fitgearsource Aug-31-2023 0 Comments

Industry News

Dick’s Sporting Goods reports a fall in profits

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…

Fitgearsource Aug-30-2023 0 Comments

Industry News

Forme Touts ‘Transformational’ Plan To Acquire Connected Fitness Biz

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…

Fitgearsource Aug-30-2023 0 Comments

Industry News

Spanish fitness equipment brand BH Fitness presents the new G788 treadmill

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…

Fitgearsource Aug-30-2023 0 Comments

Industry News

August U.S. Consumer Confidence Index Decline is Highest in Two Years

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.

Fitgearsource Aug-30-2023 0 Comments

Industry News

Co-founder Dave Mortensen: Anytime Fitness aiming to grow to 10,000 locations globally in the next 5 years

Self Esteem Brands is looking for further expansion and has set itself a target of reaching 10,000 units globally

Fitgearsource Aug-30-2023 0 Comments

Weekly Post

Fitness Equipment Industry Weekly News – W35 of 2023

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…

Roger Aug-28-2023 0 Comments

Industry News

Gympass raises US$85m, hits US$2.4bn value

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…

Fitgearsource Aug-25-2023 0 Comments

Industry News

Psycle pivots to memberships and opens fifth studio powered by renewable energy

Psycle has opened its fifth London studio in London Victoria. The studio will be powered by renewable energy.

Fitgearsource Aug-25-2023 0 Comments

Weekly Post

Fitness Equipment Industry Weekly News – W34 of 2023

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…

Roger Aug-19-2023 0 Comments

Industry News

Peloton relaunches its corporate offering as Peloton for Business

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…

Fitgearsource Aug-18-2023 0 Comments

Industry News

Echelon Fitness Strengthens its Portfolio with Newest Launch

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,…

Fitgearsource Aug-15-2023 0 Comments

Weekly Post

Fitness Equipment Industry Weekly News – W33 of 2023

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…

Roger Aug-14-2023 0 Comments

Industry News

Australian group class franchise brand F45 Announces Intention to Voluntarily Delist and Deregister its Securities

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…

Fitgearsource Aug-14-2023 0 Comments

Industry News

GymNation opens latest club in Dubai and plans Middle East expansion

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.

Fitgearsource Aug-10-2023 0 Comments

Industry News

Nation‘s Largest Boutique Yoga Brand YogaSix Surpasses 600 Signed Franchise Agreements

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.

Fitgearsource Aug-09-2023 0 Comments

Industry News

Nautilus, Inc. Shrinks Loss in Q1 2023 but Sales Drop 24 Percent

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.

Fitgearsource Aug-09-2023 0 Comments

Industry News

Clmbr Explores ‘Strategic’ Deal After Layoffs, LA Studio Closure

The LeBron James and Jay-Z-backed vertical climbing machine maker laid off around 25% of its staff as the connected fitness industry struggles

Fitgearsource Aug-08-2023 0 Comments

Industry News

Nike enters the fitness market and opens a fitness studio

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…

Fitgearsource Aug-08-2023 0 Comments

Market Insights

2023 European Fitness Market Report: Gym revenue has recovered to pre-COVID levels.

The revenue of European gyms has returned to pre-Covid levels, with global revenue reaching 28 billion euros, a 66% increase compared to 2021.

Fitgearsource Aug-08-2023 0 Comments

Industry News

FITBENCH launches the new generation of multifunctional fitness bench FITBENCH ONE, which will be produced in the United States factory

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…

Fitgearsource Aug-08-2023 0 Comments

Industry News

Australian fitness retailer Fitell prices US IPO at $5, the low end of the range

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…

Fitgearsource Aug-08-2023 0 Comments