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Health and Fitness Club Industry News: Chains

Sunday, November 19th, 2017

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Planet Fitness, Inc. Announces Third Quarter 2017 Results
Posted: November 7, 2017 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT) reported financial results for its third quarter ended September 30, 2017. Third Quarter Fiscal 2017 highlights include: Total revenue increased from the prior year period by 12.1% to $97.5 million. System-wide same store sales increased 9.3%. Net income attributable to Planet Fitness, Inc. was $15.3 million, or $0.18 per diluted share, compared to net income attributable to Planet Fitness, Inc. of $3.4 million, or $0.08 per diluted share in the prior year period. Net income was $18.9 million, compared to net income of $14.9 million in the prior year period. Adjusted net income increased 17.9% to $18.7 million, or $0.19 per diluted share, compared to $15.9 million, or $0.16 per diluted share in the prior year period. Adjusted EBITDA increased 22.4% to $43.4 million from $35.4 million in the prior year period. 31 new Planet Fitness franchise stores were opened during the period, bringing system-wide total stores to 1,432 as of September 30, 2017. Read More...

Equinox Introduces Miracle Mile Location
Posted: November 7, 2017 in Chains

Equinox LOS ANGELES, CA - Equinox, the high-performance lifestyle leader, opened Miracle Mile, its 17th club in the greater Los Angeles area, located in the Wilshire Courtyard complex. Just a few blocks from LACMA, this new club combines Equinox's unparalleled service with the distinctive culture and community found along one of Los Angeles' most iconic corridors. "Equinox Miracle Mile is opening at a pivotal moment in the historic district's evolution," said John Klein, SVP of Real Estate for Equinox. "The club will unite a diverse group, from residents to those who work in the area, providing a hub for regeneration, fitness and community." Read More...

Retro Fitness Powers Up Marketing with Hiring of Chief Brand Officer
Posted: November 6, 2017 in Chains

Retro FitnessCOLTS NECK, N.J. - Known for successfully leading the marketing efforts for consumer brands and franchises through periods of hyper growth, Scott Breault will take on the newly created role of Chief Brand Officer (CBO) at burgeoning gym franchise Retro Fitness, the company announced. Breault, a results-oriented leader respected for leading cross-functional teams "with purpose," comes with a recent history of taking fitness brands such as Pure Barre and Orangetheory to the top of their games. Read More...

Crunch Franchise Announces Its Newest Location in Gilbert, AZ
Posted: November 3, 2017 in Chains

Crunch FranchiseGILBERT, AZ - Crunch Franchise announced it will open its first location in Arizona early next year. The new Gilbert, Arizona location has already begun selling memberships in anticipation of a January 2018 club opening. This new Crunch gym will offer members state-of-the-art equipment and amenities, as well as outdoor parking. Crunch Gilbert will provide a new fitness experience complete with group fitness classes, a designated cardio and strength training area, Zumba, Olympic Platforms and functional training equipment. It will also have HydroMassage beds, tanning beds, a Styku body scanner and a private stretching area. Read More...

Miramont Lifestyle Fitness Joins Genesis Health Clubs’ Rapidly Growing Family of Locations
Posted: November 2, 2017 in Chains

Genesis Health ClubsFORT COLLINS, CO - Miramont Lifestyle Fitness announces the sale of all four health clubs, located in Fort Collins, Colorado, to Genesis Health Clubs based in Wichita, Kansas. This includes the three main full-service health clubs under the Miramont Lifestyle Fitness name: Miramont North, Miramont South and Miramont Central, with amenities such as indoor and outdoor swimming pools, tennis courts and a climbing gym, as well as REVE fitness, a boutique studio currently operated by Miramont Lifestyle Fitness. Founder and owner Cliff Buchholz is pleased to have Genesis taking the reins of Miramont Lifestyle Fitness. Read More...

Planet Fitness Announces Leadership Appointments
Posted: October 25, 2017 in Chains

Planet Fitness HAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., announced the appointments of Craig Miller as Chief Digital & Information officer and Rob Sopkin as Chief Development Officer. Mr. Miller will be responsible for driving the vision and leadership of the company's technology innovation, as well as managing its digital information systems, while Mr. Sopkin will lead the company's strategic and aggressive system-wide expansion efforts. "As we continue to build upon our strong leadership team, these appointments will further support and drive our future growth. Craig and Rob are both highly accomplished leaders in their respective fields with exceptional experience delivering strong results to support leading brands," said Chris Rondeau, Chief Executive Officer of Planet Fitness, Inc. Read More...

Snap Fitness Continues Global Expansion with a Move Into Hong Kong and Taiwan
Posted: October 24, 2017 in Chains

Snap FitnessCHANHASSEN, MN - Snap Fitness, a premier 24/7 fitness brand, has reached a milestone in demonstrating its commitment to growth by expanding further into Asia and announcing the signing of a master franchise agreement in Hong Kong and Taiwan, with the first club set to open in early 2018. Snap Fitness is partnering with experienced business leader Danny Diab, Managing Director of Hong Kong based Fitness Brands Limited, to continue its global expansion of the brand. Diab brings over 29 years of business and franchising experience to the partnership. Read More...

The Edge Fitness Clubs Celebrates 28 Years in the Connecticut Market
Posted: October 18, 2017 in Chains

The Edge Fitness ClubsORANGE, CT - The Edge Fitness Clubs is celebrating 28 years in Connecticut throughout the month of October. Among its 150,000 members at 13 fitness centers across Connecticut, The Edge has earned a reputation as a premium health club with an abundance of amenities, designed to offer something for everyone at every fitness level, at a reasonable price. The Edge is a fitness escape for first-time gym goers and fitness enthusiasts alike. Read More...

Equinox Unveils Fifth Boston Location In Seaport District
Posted: October 17, 2017 in Chains

EquinoxBOSTON, TX - Equinox, the high-performance lifestyle leader, opened its fifth Boston area location. Equinox Seaport combines the unparalleled service Equinox offers at each of its 90 global locations with unique Boston charm and character. Embodying the iconic nautical atmosphere of the transformed Boston Harbor, Equinox Seaport, otherwise known as “Port House,” has all of the elements that make it the ultimate destination for strengthening body, mind and community. Read More...

Planet Fitness Appoints Cammie Dunaway To Board Of Directors
Posted: October 16, 2017 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc. (NYSE: PLNT), one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., announced the appointment of Cammie Dunaway to its board of directors, effective immediately. Mrs. Dunaway joins the Planet Fitness Board with more than 25 years of experience leading the marketing and general management of global brands like Yahoo!, Nintendo and Frito-Lay. Most recently, Mrs. Dunaway served as U.S. President and Global Chief Marketing Officer at Kidzania. Read More...

Life Time Celebrates Grand Opening of Houston’s Premier Tennis and Athletic Club
Posted: October 12, 2017 in Chains

Life Time  - The Healthy Way Of Life CompanyHOUSTON, TX and CHANHASSEN, MN - Life Time, the Healthy Way of Life brand, announced the grand opening of Life Time Tennis and Athletic Galleria. Formerly Galleria Tennis & Athletic Club, Life Time began operating the destination in April 2017. The luxuriously renovated club features nine indoor courts with the most sought-after tennis pros and most innovative programming in the country. Read More...

Crunch Franchise Announces Its Newest Locations In Lancaster, CA and Lubbock, TX
Posted: October 10, 2017 in Chains

Crunch FranchiseLANCASTER, CA and LUBBOCK, TX - Crunch Franchise announces it newest locations in Lancaster, CA and Lubbock, TX. Both locations will offer a membership pre-sale period followed by a grand-opening event. Read More...

Gold’s Gym Delivers An Audio Fitness Experience Anytime, Anywhere With New GOLD’S AMP App
Posted: October 10, 2017 in Chains

Gold's GymDALLAS, TX - Gold's Gym, a trusted authority in fitness, introduces GOLD'S AMP, a new digital personal training app that provides a motivating and results-driven workout experience anytime, anywhere. Available to Gold's Gym members and non-members alike, GOLD'S AMP is the first and only digital coaching platform launched by a brick-and-mortar health club brand. GOLD'S AMP offers hundreds of coach-led, music-driven indoor and outdoor cardio, bodyweight and stretching workouts for users at every fitness level. Read More...

Blink Fitness Accelerates Growth in New York & New Jersey
Posted: October 10, 2017 in Chains

Blink FitnessNEW YORK, N.Y. - Blink Fitness, a premium-quality, value-based fitness brand that focuses on how exercise makes you feel rather than exclusively on how it makes you look, is set to expand in its home territory with a 6-unit agreement for Long Island and Westchester, New York along with Central New Jersey. Eclipse Capital LLC will develop the six gyms, all of which will be open and operating over the next five years. Read More...

Youfit Health Clubs Opens 7 New Clubs
Posted: October 5, 2017 in Chains

Youfit Health ClubsDEERFIELD BEACH, FL - Youfit Health Clubs has announced the opening of seven new clubs across three regions: Phoenix, AZ; Largo, FL; and North Lauderdale, FL. Founded in 2008, Youfit now has over 115 locations across the United States, predominantly in the South and Western regions. Read More...

Now, Through October 13, Planet Fitness to Donate 100% of All New Member Enrollment Fees to Boys & Girls Clubs of America
Posted: October 2, 2017 in Chains

Planet FitnessHAMPTON, N.H. - Planet Fitness, Inc., one of the largest and fastest-growing franchisors and operators of fitness centers in the U.S., aims to spread kindness and end bullying this October (National Bullying Prevention Month) by donating 100% of all new member enrollment fees now through October 13 to its nonprofit partner, Boys & Girls Clubs of America. The promotion, which last year raised more than $1 million, helps support programs to prevent bullying and promote a culture of kindness through Planet Fitness' philanthropic initiative, The Judgement Free Generation. Read More...

Crunch Franchise Announces its Newest Location in Westland, MI
Posted: October 1, 2017 in Chains

Crunch FranchiseWESTLAND, MI - Crunch Fitness has announced a new 25,000-square foot gym with state-of-the-art equipment and amenities in Westland, Michigan. The club is the first Crunch Fitness club in Michigan and opened to the public at the end of September. Read More...

Blink Fitness Expands Into Boston
Posted: September 28, 2017 in Chains

Blink FitnessNEW YORK, N.Y. - Blink Fitness, a premium-quality, value-based fitness brand that focuses on how exercise makes you feel rather than exclusively focusing on how it makes you look, has signed a development deal to bring their concept to the Greater Boston Area. This announcement signals a much-anticipated entrance into the Massachusetts market. Read More...

9Round to Host 6th Annual Kick Event for Breast Cancer
Posted: September 27, 2017 in Chains

9Round: 30 Min Kickbox FitnessGREENVILLE, S.C. - 9Round, a fast-growing kickboxing fitness franchise, will host its 6th Annual Kick Event for Breast Cancer on Thursday, October 12, 2017. Throughout the day, fitness enthusiasts will have a unique opportunity to help raise money for the support of breast cancer research and awareness. Participating 9Round locations across the United States and Canada will donate one penny for every kick recorded. Read More...

Cycle For Survival Launches 2018 Battle To Beat Rare Cancers In Times Square
Posted: September 25, 2017 in Chains

Cycle For SurvivalNEW YORK, N.Y. - Cycle for Survival, the movement to beat rare cancers, will celebrate the national launch of registration and fundraising for its 2018 signature rides with the Times Square Takeover on September 27, 2017. Nearly 1,000 supporters will take part, including rare cancer survivors, patients, caregivers, Memorial Sloan Kettering Cancer Center (MSK) doctors and special guests. High-energy cycling rides will be led by instructors from Equinox, Cycle for Survival's founding partner, on more than 100 stationary bikes in the heart of Times Square. The event is presented by smartwater, Cycle for Survival's longstanding official hydration sponsor. TAG Heuer, the avant-garde of Swiss watchmaking, will debut its sponsorship as the Official Timepiece and Official Timekeeper of Cycle for Survival. Read More...

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