Gold's Gym closing gyms permanently: list of addresses - Business Insider

, it had temporarily closed gyms in March as states across the US announced stay-at-home orders in response to the coronavirus outbreak. The permanent closures do not include franchised locations. "Gold's Gym has been the world's trusted fitness authority for more than 50 years, and we're absolutely not going anywhere," Adam Zeitsiff, Gold's Gym president and CEO, said in a statement.

"While the COVID-19-related closures have caused us to reassess the viability of some company-owned locations and make the difficult decision to permanently close about 30 gyms, we know that we will emerge from this stronger and ready to grow. This decision affects only company-owned gyms, mainly in our St. Louis, Alabama and Colorado Springs markets, and does not have an impact on any of our franchise-owned gyms.

Example of businesses not being able to “come back” or made 100% after this is over.

The whole industry is dead

jiggyjayy2

All businesses that require unrequired close personal contact are going to suffer and possibly never truly recover unless they pivot with a new strategy (malls,theaters,concerts,sports,gyms,amusement parks) essentially entertainment

I’m not a customer, but they deserve to be bailed out

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Fitness Centers Sued Over Member Charges, As Coronavirus Threatens $30 Billion Gym IndustryA spate of lawsuits targeting gym chains over member charges is a bad sign for a huge industry that may have a hard time getting back into shape post-pandemic ¯\\_(ツ)_/¯ This is an industry that will have to reinvent itself completely. Foolish to expect people rushing back to gyms anymore. Expect people to increasingly exercise at home. exercise GymAtHome lockdown StayHomeStaySafe COVID19 CoronavirusLockdown These corrupt greedy GYM CHAINS lose more and more money of present-future CLIENTS CUSTOMERS by NOT stopping gym charges...AMERICANS REMEMBER...NOV2020ISCOMING on all levels...unstoppable
Source: Forbes - 🏆 394. / 53 Read more »