Health and Fitness Club Industry News: Chains
Monday, May 6th, 2024
New York Sports Club (NYSC) Announces the Acquisition of Fhitting Room
Posted: October 18, 2022 in Chains
NEW YORK, N.Y. - New York Sports Club ("NYSC" or the "Company") and its family of brands, one of the largest privately held fitness operators in the U.S., announces the acquisition of Fhitting Room, a leading NYC based boutique fitness brand. As part of the acquisition, Fhitting Room founder Kari Saitowitz, a prominent marketing executive and brand strategist whose held leadership roles at Pepsi and American Express, was named Chief Marketing & Creative Officer for NYSC. Read More...
Town Sports International Holdings, Inc. Receives Second Nasdaq Notice Regarding Non-Compliance With Continued Listing Standards
Posted: August 20, 2020 in Chains
NEW YORK, N.Y. - Town Sports International Holdings, Inc. (“TSI” or the “Company”) (NASDAQ: CLUB) received a second notice on August 18, 2020 from the Listing Qualifications Department of Nasdaq indicating that, as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the period ended June 30, 2020 (the “Second Quarterly Report”), and because the Company remains delinquent in filing its Quarterly Report on Form 10-Q for the period ended March 31, 2020 (the “First Quarterly Report,” and together with the Second Quarterly Report, the “Reports”), the Company remains in non-compliance with the continued listing requirements as set forth in Nasdaq Listing Rule 5250(c)(1). The notice has no immediate impact on the listing of the Company’s common stock, which will continue to trade on the Nasdaq Global Market, subject to the Company’s compliance with other applicable continued listing requirements. The Company’s management is working diligently to complete the Reports and intends to file them as soon as practicable. Read More...
Town Sports International Holdings, Inc. Receives Nasdaq Notice Regarding Non-Compliance With Continued Listing Standards
Posted: July 13, 2020 in Chains
NEW YORK, N.Y. - Town Sports International Holdings, Inc. (“TSI” or the “Company”) (NASDAQ:CLUB) received a notice on July 7, 2020 from the Listing Qualifications Department of Nasdaq indicating that, as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the period ended March 31, 2020 (the “Report”), the Company no longer complies with the continued listing requirements as set forth in Nasdaq Listing Rule 5250(c)(1). The notice has no immediate impact on the listing of the Company’s common stock, which will continue to trade on the Nasdaq Global Market, subject to the Company’s compliance with other applicable continued listing requirements. Read More...
Town Sports International Holdings, Inc. Announces Appointment of Phillip Juhan as Chief Financial Officer
Posted: March 22, 2020 in Chains
NEW YORK, N.Y. - Town Sports International Holdings, Inc. (“TSI” or the “Company”) has announced the appointment of Phillip Juhan as Chief Financial Officer of the Company, effective immediately. Mr. Juhan, age 45, has served as Vice President of Business Operations for the Company since August 13, 2018. Read More...
Town Sports International Temporarily Closes All Locations Amid COVID-19 Outbreak
Posted: March 17, 2020 in Chains
NEW YORK, N.Y. - In adherence with State and Federal guidelines concerning COVID-19, also known as Coronavirus, we are temporarily closing all clubs until further guidance from the state government. We will miss all of our valued members and whenever this passes we'll be back at our clubs waiting for you. Read More...
Town Sports International Holdings, Inc. Announces the Acquisition of Flywheel Sports, Inc.’s Studio Business
Posted: January 8, 2020 in Chains
NEW YORK, N.Y. - Town Sports International Holdings, Inc. ("TSI" or the "Company") (Nasdaq: CLUB), a diversified holding company and one of the largest owners and operators of fitness clubs in the Northeast, has announced that it entered into an agreement to acquire the studio business of Flywheel Sports, Inc. (“Flywheel”). The acquisition is expected to close in the first quarter of 2020, upon satisfaction of customary closing conditions. Established in 2010, Flywheel revolutionized competitive indoor cycling. Flywheel has expanded to 29 locations across the United States and multiple modalities and content, including its acclaimed results-driven indoor cycling and off-bike precision training workouts, including “FlyBarre” and “FlyFIT.” Read More...
Town Sports International Announces the Acquisition of Flywheel Sports, Inc.’s Studio Business
Posted: January 6, 2020 in Chains
NEW YORK, N.Y. - Town Sports International Holdings, Inc. ("TSI" or the "Company") (Nasdaq: CLUB), a diversified holding company and one of the largest owners and operators of fitness clubs in the Northeast, announced that it has entered into an agreement to acquire the studio business of Flywheel Sports, Inc. (“Flywheel”). The acquisition is expected to close in the first quarter of 2020, upon satisfaction of customary closing conditions. Read More...
Town Sports International Locations in Philadelphia Join the Silver&Fit Network
Posted: November 19, 2018 in Chains
PHILADELPHIA, PA - Town Sports International Holdings, Inc. (TSI), one of the largest gym networks in the Northeast, is pleased to announce that its five Philadelphia locations are now participating in the Silver&Fit program's network of fitness facilities. This allows them to provide no-cost or low-cost club access to Silver&Fit members who work out at these fitness centers. The Silver&Fit program is one of the nation's leading exercise and healthy aging programs for Medicare members. Read More...
EY Announces Patrick Walsh of Town Sports International Holding Inc., Named Entrepreneur of the Year 2018 Award Winner in New York
Posted: June 14, 2018 in Chains
NEW YORK, N.Y. - EY announced that Patrick Walsh, Chairman and Chief Executive of Town Sports International Holdings Inc., (“TSI,” “Town Sports” or the “Company”) (NASDAQ:CLUB) received the Entrepreneur of the Year 2018 Award in the Transformational category in New York. Entrepreneur of The Year is the world’s most prestigious business award for entrepreneurs, and it’s the only competitive awards program for leaders of high-growth companies. Read More...
Town Sports International Holdings Inc. Announces Acquisition of TMPL Gym
Posted: February 28, 2018 in Chains
NEW YORK, N.Y. - Town Sports International Holdings Inc., ("TSI' or the "Company") (Nasdaq: CLUB), a diversified holding company and the largest owner and operator of fitness clubs in the Northeast, announced the acquisition of TMPL. Founded by David Barton, TMPL focuses on the intersection of metabolic science, exercise and nutrition leveraging state of the art technology to drastically change one's body. Read More...
Town Sports International Holdings, Inc. to Acquire Total Woman Gym and Spa
Posted: February 22, 2018 in Chains
JUPITER, FL - Town Sports International Holdings, Inc. ("TSI” or the "Company") (NASDAQ:CLUB) announced that, through its wholly-owned subsidiaries, it has entered into an asset purchase agreement to acquire substantially all of the assets of the Total Woman Gym and Spa business (“Total Woman”). Once consummated, this acquisition will add another women-focused fitness brand to the Company’s growing fitness portfolio. The acquired assets of the California-based Total Woman business include 12 locations which TSI will continue to operate under the Total Woman brand. Read More...
Town Sports International Holdings Inc. Announces Plans to Acquire Lucille Roberts Health Club Business
Posted: July 14, 2017 in Chains
NEW YORK, N.Y. - Town Sports International Holdings Inc., ("TSI' or the "Company") (Nasdaq: CLUB), owner and operator of New York Sports Clubs (NYSC), announced that it has entered into an agreement to acquire Lucille Roberts Health Clubs businesses. The closing of the transaction is subject to certain conditions. The parties expect the transaction to be closed within the next month. The acquisition will add 16 clubs to TSI's portfolio in the Northeast and Mid-Atlantic regions of the United States. Read More...
Town Sports International Holdings, Inc. Reports First Quarter 2017 Results
Posted: April 26, 2017 in Chains
NEW YORK, N.Y. - Town Sports International Holdings, Inc. (“TSI” or the “Company”) (NASDAQ: CLUB) reported financial results for its first quarter ended March 31, 2017. Total member count increased 7,000to 551,000 during Q1 2017 compared to an increase of 12,000 in Q1 2016. Membership monthly attrition averaged 3.9% per month in Q1 2017 compared to 3.5% per month in Q1 2016. Q1 2017 net loss was $2.9 million, or $0.11 loss per share, compared with Q1 2016 net loss of $6.9 million, or $0.28 loss per share. Adjusted EBITDA was $10.7 million in Q1 2017, an increase of 35.3% compared to Adjusted EBITDA of $7.9 million in Q1 2016. Read More...
New York Sports Clubs Takes Over Shuttered David Barton Gym
Posted: March 2, 2017 in Chains
NEW YORK, N.Y. - Town Sports International (TSI) (Nasdaq: CLUB), owner and operator of New York Sports Clubs (NYSC), and Newmark Holdings, a vertically integrated owner, operator, property manager and developer of commercial real estate, announced the acquisition of the former David Barton Gym located at Newmark Holdings' 4 Astor Place in Manhattan's East Village. The 30,000-square-foot space will become one of New York Sports Clubs' collection of Elite clubs featuring the company's newly redesigned brand image and state-of-the-art equipment, facilities and class offerings. Read More...
Town Sports International Holdings, Inc. Reports Fourth Quarter and Full-Year 2016 Results
Posted: February 16, 2017 in Chains
NEW YORK, N.Y. - Town Sports International Holdings, Inc. ("TSI" or the "Company") (NASDAQ: CLUB) reported financial results for its fourth quarter and year-ended December 31, 2016. Read More...
Boston Sports Clubs Partners With Pro Football Star Rob Gronkowski to Spearhead a New Fitness Program
Posted: December 14, 2016 in Chains
BOSTON, MA - Just in time for all those New Year's resolutions, Boston Sports Clubs (BSC) is teaming up with the Gronkowski Family to bring a new form of fitness to the Boston area. Launching January 2nd, 2017 at the BSC Wellington Circle location in Medford, the Gronk Fitness Program is designed by Gronk & Co. to help people stay strong, toned, healthy, fit and focused while committed to their long term goals. Read More...
Town Sports International Holdings, Inc. Reports Third Quarter 2016 Results; Announces New Look and Experience of its Brand
Posted: October 26, 2016 in Chains
NEW YORK, N.Y. - Town Sports International Holdings, Inc. ("TSI" or the "Company") (NASDAQ:CLUB) reported financial results for its third quarter ended September 30, 2016: Total member count decreased 6,000 to 545,000 during Q3 2016 compared to an increase of 14,000 in Q3 2015 (Q3 2015 member count increase was associated with the roll out of the lower pricing model). Membership monthly attrition averaged 4.2% per month in Q3 2016 compared to 4.4% per month in Q3 2015. Q3 2016 net loss was $5.5 million, or $0.21 loss per share, compared with Q3 2015 net loss of $22.0 million, or $0.89 loss per share. Net loss for Q3 2016 and Q3 2015 included non-cash fixed asset impairment charges of $742,000 and $12.4 million, respectively. The fixed asset impairment charges did not have any tax effect due to the impact of the Company's tax valuation allowance in Q3 2016 and Q3 2015. Adjusted EBITDA was $11.0 million in Q3 2016, an increase of 68.5% compared to Adjusted EBITDA of $6.6 million in Q3 2015. Read More...
Town Sports International Holdings, Inc. Announces Appointment of Chief Executive Officer and Departure of Chief Operating Officer
Posted: September 21, 2016 in Chains
NEW YORK, N.Y. - Town Sports International Holdings, Inc. ("TSI" or the "Company") (NASDAQ:CLUB), a leading owner and operator of health clubs located primarily in major cities from Washington, DC north through New England, operating under the brand names "New York Sports Clubs," "Boston Sports Clubs," "Washington Sports Clubs," "Philadelphia Sports Clubs" and "BFX Studio," announced that Patrick Walsh, Executive Chairman of the Company, has been appointed as the Company's Chief Executive Officer, effective September 30, 2016. The Company also announced that Greg Bartoli, the Company's Chief Operating Officer, will be leaving the Company, effective September 30, 2016. Read More...
Town Sports International Salutes First Responders
Posted: August 3, 2016 in Chains
NEW YORK, N.Y. - Town Sports International (TSI) (Nasdaq: CLUB), operators of New York, Boston, Washington, D.C. and Philadelphia Sports Clubs, is honoring the men and women who put their lives on the line every day to save the lives of others by deeming August, "First Responder Appreciation Month." Throughout August, TSI is offering complimentary one month memberships to all police, fire, EMS and military personnel so that they may work out for free at the company's 150+ locations throughout the Northeast. For first responders who are already members, they may bring in a guest for free during the entire month. Read More...
Town Sports International Holdings, Inc. Reports Second Quarter 2016 Results
Posted: July 28, 2016 in Chains
NEW YORK, N.Y. - Town Sports International Holdings, Inc. (NASDAQ:CLUB) reported financial results for its second quarter ended June 30, 2016. Read More...
