Fitness Industry Works to Rebound From Covid-19 – The Wall Street Journal

The U.S. fitness industry has been upended by Covid-19-related closures, pushing some large gym chains to rapidly shrink their footprints and refocus on apps for at-home workouts, while many smaller studios have gone out of business.

Gym chains 24 Hour Fitness Worldwide Inc. and Gold’s Gym International Inc. filed for chapter 11 after missing out on membership dues. The parent company of New York Sports Clubs and Lucille Roberts gyms as well as the Boston-focused Best Fitness chain have both warned of potential bankruptcies.

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