Planet Fitness Plans Huge Expansion, Targeting Sites Left When Other Retailers Go Under

Gym chain Planet Fitness is planning to open a total of 225 new locations this year, some of which will be in sites formerly occupied by Toys R Us or Sears, though the company has not specified where all of those locations will be.

For Planet Fitness, retail closures can mean opportunities for new locations.

"Looking ahead, real estate trends appear to remain in our favor as many brick-and-mortar retailers continue to close stores and landlords are increasingly looking to Planet Fitness as key tenants who drive traffic to their centers," Planet Fitness CEO Chris Rondeau said during the company`s quarterly earnings call in February.

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RSK: 225 new locations is about right for Planet Fitness and joining forces with some Kohls Stores is an excellent idea.