Planet Fitness to open workout facility inside Detroit Pistons Performance Center
DETROIT – Planet Fitness will build a fitness center inside the Henry Ford Detroit Pistons Performance Center in Detroit. The public will be able to access the fitness center. The fitness center is expected to open late this year. READ: Detroit Pistons coverageWe are pleased to work with Planet Fitness as a new retail partner at the Henry Ford Detroit Pistons Performance Center and look forward to growing our existing partnership for years to come. AdI’m thrilled that Planet Fitness chose the Henry Ford Detroit Pistons Performance Center as the place to open its newest location in the city.
This metric suggests there's an economic boom ahead — and possibly inflation
The widely watched yield curve shows the difference between short- and long-term interest rates. "That it's going to be highly supportive of economic growth." It's somewhere in that neighborhood, all in a year where we're expected to get good economic growth, but we need good economic growth next year, too," Caron said. On Wednesday, the 5-year breakeven inflation rate, a Treasury market metric of inflation expectations, was at 2.30, the highest since April 2013. Cabana said the Fed would see the rising inflation expectations as positive.cnbc.com
It may be worth swapping Peloton for Planet Fitness in 2021, trader says
Planet Fitness, up over 19% in the same time frame, has climbed on reopening hopes as the Covid vaccine rollout begins. With New Year's resolutions right around the corner and the timing of the reopening still up in the air, it's worth taking a closer look at the fitness trade to see what might work in 2021, two traders say. "As I look forward to 2021, I would begin to look to rotate out of Peloton into Planet Fitness," he told CNBC's "Trading Nation" on Tuesday. "I get really interested in Planet Fitness in the low 60s." Planet Fitness shares closed down almost 4% at $73.15 on Tuesday.cnbc.com
How Planet Fitness could survive Covid-19 while other gyms go bankrupt
Covid-19 has thrown the gym industry into a tailspin, wreaking havoc on some of the biggest names in fitness including Gold's Gym and 24 Hour Fitness, which both had to file for bankruptcy protection. Planet Fitness also has had to shut its doors for months but unlike its rivals, the company is poised to sprint past the competition once the pandemic ends. Gyms were forced to shut down in March 2020 to try to curb the spread of Covid-19, crippling the fitness industry, which is a $32 billion market in the U.S., with more than 41,000 gyms and 64 million members. Before the coronavirus pandemic hit, Planet Fitness reported 53 consecutive quarters of positive same-store sales growth. So despite the dire situation in the gym industry can Planet Fitness actually come out ahead?cnbc.com
24 Hour Fitness weighs bankruptcy as coronavirus pushes fitness industry to brink
San Ramon, California-based 24 Hour Fitness had roughly $1.5 billion in sales in 2019, and less than $1 million in cash, according to Moody's. Spokespeople for Lazard and Weil, Gotshal & Manges as well as 24 Hour Fitness did not respond to requests for comment. 24 Hour Fitness announced on March 16 it was closing all its clubs, later acknowledging the closures may last for "an extended period of time" due to coronavirus. Its struggles are emblematic of broader challenges and questions the fitness industry must face. A hit to the gym industry comes as private equity investors have poured money into the space, looking to take advantage of recent trends in health.cnbc.com
5 free workouts to do at home during coronavirus that can instantly lower stressand make you feel happy
Watch YouTube workoutsYouTube channels feature a variety of free workouts. Yoga with Adriene features dozens of yoga workouts from about 5 to 40 minutes long and geared toward all levels of experience. PopSugar Fitness features dozens of high intensity workout videos ranging from cardio to dance to toning workouts from 5 to 35 minutes long each. Use free fitness appsThere are a number of free apps that feature a variety of workouts: Apps like Yoga for Beginners feature free 10 minute workouts that can boost energy and help flexibility and toning. The Daily Workouts app features a series of 10, 20, or 30 minute workouts targeted toward abs, arms, legs, or the full body.cnbc.com
Planet Fitness to offer free at-home workout classes via live stream
Planet Fitness, one of the nation's largest chain gyms, is offering free online classes starting today, because of the coronavirus pandemic. That's why we're offering a free, daily virtual fitness class for everyone on Planet Fitness' Facebook page from Monday through Friday," said Jeremy Tucker, chief marketing officer of Planet Fitness, in a statement to USA TODAY. And if you can't make it live, the workouts will be available on-demand on Facebook and in Planet Fitness' YouTube channel. Tucker said that virtual classes "will be led by Planet Fitness certified trainers, as well as special guests like 'The Biggest Loser' coach and fitness trainer Erica Lugo, among others. The gym chain has consistently grown its revenue in the past three years, with a total revenue stream of $174.4 million for 2018.monroenews.com
Police search for man approaching women aggressively in Brighton
BRIGHTON, Mich. – The Brighton Police Department is searching for a man approaching women aggressively throughout the city. Police are trying to identify the man who is described as white with very noticeable rotting yellow teeth. If you can help identify the man pictured here call police at 810-844-5137.
Woman approached by man in parking lot of Planet Fitness in Brighton, police say
BRIGHTON, Mich. – A woman was approached by a man while sitting in her car in the parking lot of Planet Fitness, Brighton police said. The incident happened around 11:45 a.m. Tuesday in the parking lot of the Planet Fitness on East Grand River Avenue, authorities said. The woman said she was sitting in her car when a white man in his 40s or 50s approached. When she partially lowered her window to ask what he wanted, the man reached for her door handle, according to officials. The only other incident involved a self-proclaimed homeless man who approached a woman in a parking lot and asked for money, Bradford said.