Fitness spending is flying high, but a recession could hit boutique brands first


Fitness spending is flying high, but a recession could hit boutique brands first
Key Points A record 71.5 million consumers used close to 40,000 for-profit health clubs in 2018, according to the International Health, Racquet & Sportsclub Association. The biggest growth sector is boutique. Small, specialized fitness studios with ever-increasing price tags. Names like Barry’s Bootcamp, SoulCycle, Orange Theory and Zengo. Growth in fitness is strong now, but analysts are warning of a slowdown if the economy goes into a recession. As quickly as retail storefronts are disappearing, specialty fitness studios are appearing. 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... ...more RSK: I don`t know of a strip mall that doesn`t have one or one close by. Malls are beginning to see the advantage of fitness centers as well but as the article says, there will no doubt be fallout.
Share this article on you social outlets
Our Sponsors - - Volume: 7 - WEEK: 35 Date: 8/27/2019 5:48:05 AM -

Key Points

A record 71.5 million consumers used close to 40,000 for-profit health clubs in 2018, according to the International Health, Racquet & Sportsclub Association.
The biggest growth sector is boutique. Small, specialized fitness studios with ever-increasing price tags. Names like Barry’s Bootcamp, SoulCycle, Orange Theory and Zengo.
Growth in fitness is strong now, but analysts are warning of a slowdown if the economy goes into a recession.

As quickly as retail storefronts are disappearing, specialty fitness studios are appearing.

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...

...more

RSK: I don`t know of a strip mall that doesn`t have one or one close by. Malls are beginning to see the advantage of fitness centers as well but as the article says, there will no doubt be fallout.

Fitness spending is flying high, but a recession could hit boutique brands first

Share this article on you social outlets