There are now more fitness options than ever — from big box gyms, to boutique studios, to streaming classes and even virtual reality workouts. So it’s no surprise that more people than ever are spending more than ever on fitness.
Geil said she thinks boutiques would be hit hardest in an economic downturn, given their price premium.
"Consumers are going to be dropping that from their budget. It's the easiest thing to cut, but gyms will try to up their experience to make people stay with the trainers they know and love," she added. Most of the newer fitness brands are backed by big private capital. TPG recently purchased Crunch, and Stephen Ross' Related Companies owns SoulCycle and Equinox, which recently experienced
. Related is now developing co-branded Equinox hotels and residences, hoping to capitalize on the fitness boom.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Investors Rush Into Havens as Growth Fears PersistInvestors are snapping up safer assets including gold, dividend-paying stocks and the Japanese yen, underlining anxiety over trade tensions and slowing global growth.
Leer más »
Baidu earnings beat estimates on strong video streaming growthChina search engine operator Baidu Inc reported better-than-expected quarterly r...
Leer más »
Mining giant BHP pays record dividend, but flags risks to global growthBHP Group, the world's biggest miner, on Tuesday reported its largest annua...
Leer más »
Shareholder payouts hit an all-time high for the quarter, but growth is slowingDividends paid out by global companies to shareholders have reached a new second-quarter record, according to a new report by investment firm Janus Henderson.
Leer más »
Canopy Growth co-founder Linton buys more stock after cannabis company fired himBruce Linton says he bought more stock in Canopy Growth — even though the cannabis company he co-founded fired him earlier this summer.
Leer más »