DOCSLIB.ORG

Basic-Fit Reinforcing Dutch Leadership with Fitland

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Basic-Fit Reinforcing Dutch Leadership with Fitland April 30, 2019 N°79 Basic-Fit reinforcing Dutch FNE#79 You’re reading Fitness News leadership with Fitland buy Europe, the independent asic-Fit intends to rein- amounting to more than 30% - business news publication for executives in the international force its leadership of sic-Fit deal. fitness industry. With an the Dutch market with ness clubs acquired in the Ba- online portal and a bi-monthly Bthe agreed acquisition of ofMaarten Dutch clubvan members.Kempen, Fitland newsletter, Fitness News Europe Started near Nijmegen by- Hans van der Aar, chief fi provides reliable business news nancial officer at Basic-Fit, said and often exclusive analysis on fitness clubs owned by Fitland- hasZeeman, received a Dutch financial textile retailsup that the Fitland clubs reported- the fast-moving fitness market. Groep,lands. the third-largest fitness port in the last years from Jan positive EBITDA. “In any case Check out fitnessnewseurope. club operator in the Nether investor. we bought them for the po com for further information. magnate, and another affluent tential they have as Basic-Fit. reportedFitland salesruns in37 theDutch range clubs of Theyconcept,” are allsaid in Van white der spots Aar. and with over 56,000 members that will be very profitable with our CONTENTS two market leaders, Basic-Fit to purchase all of the Fitland Basic-Fit reinforcing Dutch €21and millionFit For lastFree, year. Fitland Unlike oper the- The buyer said it wanted leadership with Fitland p1-6 ates around the middle of the Orangetheory builds up - clubssold. Amenitiesand would such rebrand as swim most- European team .............p1-4 ship prices of up to €50 for larg- of them, while a few would be Core adds to multi-brand market with monthly member implement the full Basic-Fit strategy ...........................p2 - Photo: Fitland mingconcept, pools at will the be sameremoved price to Life Fitness heading for er clubs with swimming pools. rapid sale .........................p2 Basic-Fit is already the lead shares in Fitland Groep, which Puma doubles intensity in ing player in the Dutch market runsThey several own the Dutch majority hotels of and the points,Basic-Fit’s all probably managers by the have end fitness ..............................p3 with about 550,000 members- oflearned this year. to transform mid-mar- Lululemon to quadruple working out at 162 clubs in - abroad ..............................p3 the Netherlands. The com wellness centers. It previously Fitness First takes Barry’s bination would thus form a agreed to offload these facili- ket clubs intoContinued Basic-Fit, on pageas they 6.... to Germany and Austria . p4 group of nearly 200 clubs with have done with many of their ties to another party, including Retail investor builds more than 600,000 members, four hotels incorporating fit Swedish gym group ........p5 Orangetheory invests in Europe Pure Gym to spread small box format .......................p6 avid Long, chief exec- ers, treadmills, suspension accelerate the growth. ClassPass launches straps and heart-rate monitor- As Long explains, at least European blitz .................p7 D utive at Orangetheory that it surpassed sales of $1 Fitness, says that the ing announced earlier this year twoEuropean roving franchisees, employees andshould to Other news Europe,company with more has madedirect itin a- - getmake started sure thisthat year all toaspects support of Crunch Fitness (p7), Gymshark priorityvestments to topush reach its aconcept target inof billion with over 1,120 studios the concept are implemented (p3), Ken Group (p7), Lolë (p3), at least 200 studios in Europe at the end of 2018. Only a doz Reebok (p3), TrainMore (p7), UFC Gym (p7) properly. They are usually on by 2024. hand several weeks before and “The parent brand is really after club openings. Fitness News Europe is excitedin Paris, about to the the pointprospects where in The field staff will probably published by Zelus (France) major cities in Germany and be based in Germany, which is Editor: Barbara Smit a key target for Orangetheory [email protected] we might just end up doing a Photo: Orangetheory Fitness. A first German studio All rights reserved. [email protected] jointin Cologne venture earlier and putthis in month, some wasend oflaunched 2017, andin Lübeckanother byis ISNN: 2650-8702 of our own money,” Long said- en of them are in Europe so far, Jeannine Mickeleit around the ness is forming a team of Euro- which should secure more ex- The information published in this newsletter adding that Orangetheory Fit opening shortly in Hamburg, cannot be copied or distributed electronically Disclaimer: growth. butmore the potential franchise partners holder and has is without the publisher’s written permission. pean field staff to support the- beeninvesting holding in infrastructuretalks with many to posure. However,Continued Long on page says 4.... that Orangetheory Fitness is http://www.fitnessnewseurope.com/disclaimer/ The U.S. concept using row FITNESS NEWS Europe 1 Top Gear Core adds to multi-brand strategy ore Health & Fitness is targeting a Core has centralised all of its production turnover of up to $30 million for - - tional training gear was added a few years C ago. Ted Joiner, who ran the relevant cate inat athis manufacturing Chinese plant. unit The in groupVirginia. said It willlate weights, plates and dumbbells un goryHawkins at Throwdown, said that Core’s is joining sales Coreremained with lastfocus year on thatcustomisation about 50 jobs and would continue be cut to of commercialder the Throwdown strength and brand cardio after gear. five otherin the keyrange staff. of $150 million after an uptick years,Core to acquired complement licensing its multi-brand rights for sales the - operate as a distribution centre. ofand about Singapore, 2% last while year. Itthe came Chinese entirely market from Another change at the end of last year- Throwdownmonth, while brand the owners in the functionalcontinue to train sell Asia, with more sales in Japan, Malaysia was the departure of Justin Grosz, the- ing gear category, as reported earlier this group’s president and chief operating offi was hit by relative economic sluggishness. cer.replaced. The group said he was leaving to pur gloves, bags and apparel under the same Core’s turnover was flattish in Europe, sueAmong other theinterests, intended and growth he has drivers not been for brand. - “There’s the opportunity to scale it and terval training from StairMaster, and the put it into our eco-system that drives this year are a rower for high-intensity in- technology, innovation and distribution,” tion in this treadmill comes from the Hex- explains Tim Hawkins, vice president of- Free Runner from Star Trac. The innova global sales and marketing at Core Health &the Fitness, commercial which market. owns Star Trac and Stair Deck System, consisting of an aluminium Master, and sells Nautilus and Schwinn in running deck supported by proprietary hexagonal polymer suspension. Hawkins said that Throwdown chalked Hawkins said the Free Runner has been up sales of $3 million to $4 million with its Star Trac Free Runner Core Health & Fitness eagerly used in the facilities where it was- weights, plates and dumbbells, and most of- - installed for trials in San Francisco. “If you thattion thatwent is to disproportional just a handful toof its customers sales and in it ness. It saw strong demand in Poland, af- talk to runners, they say it feels like run the U.S. market. But the brand has recogni which makes up about 25% of the busi ning on a Mondo track,” he said. “There’s a - littlesuggests bit ofthat give the on thealuminum impact, makesbut there’s the appeared logical for Core to buy its way into ter the launch of a subsidiary became fully- a nice give-back on the return.” Hawkins this category with an established brand. operational last year. Along with its Euro “We’re selling half-racks that need weight pean office in the U.K., the group previous product more durable as well, because it- plates and we’re making dumbbell racks ly opened offices in Germany and in Spain, disperses heat away from the belt. that need dumbbells,” said Hawkins. “We where demand was weaker last year. Core has also been working with part were able to make a buy that got us a brand Throwdown should benefit from Core’s ners such as 4iii and Motosumo to inject straight away and instant recognition.” international distribution as well as its more digital technology into its products,- innovationThrowdown center. is situated Before in the Lake licensing Forest, manufacturing capacity in China. While as part of its OpenHub strategy. “We never- California, just down the road from Core’s- the production of Throwdown’s weights require a member or a club to first inter ering some products together. and plates is currently scattered between face with our software to enable an ex agreement, they had already started deliv the U.S. and several Asian sites, it should changeall sorts of of data,” applications, said Hawkins. without The imposing idea is around mixed martial arts, and the func- allBruno, be brought Core’s ownertogether and to chiefLand executive. America in to make Core’s products compatible with Throwdown Industries was formed Xiamen. The factory is owned by Michael Life Fitness heading forits rapidown systems. sale n impairment charge of - sales process,” said Dave Foul- pairment of $137.2 million re- tax was taken earlier levelkes, Brunswick’sof buyer interest chief execuin the- sale process.” The pre-tax im an operating profit margin A$137.2 million before tive, in a conference call with shrinking from 14.7% in 2015- - sulted in an adjusted net book toen justseveral 2.2% roundslast year. of special plier’s thisowner year is on preparing Life Fitness, for - value of about $500 million for The entity has already tak as the fitness equipment sup analyststinue to maintain last week.
Load more

Recommended publications
  • Takeovers + Schemes Review
    TAKEOVERS + SCHEMES REVIEW 2018 GTLAW.COM.AU 1 THE GILBERT + TOBIN 2018 TAKEOVERS AND SCHEMES REVIEW 2017 demonstrated a distinct uptick in activity for Australian public company mergers and acquisitions. Some key themes were: + The number of transactions announced increased by 37% over 2016 and aggregate transaction values were among the highest in recent years. + The energy & resources sector staged a recovery in M&A activity, perhaps signalling an end to the downwards trend observed over the last six years. The real estate sector made the greatest contribution to overall transaction value, followed closely by utilities/infrastructure. + Despite perceived foreign investment headwinds, foreign interest in Australian assets remained strong, with Asian, North American and French acquirers featuring prominently. Four of the five largest transactions in 2017 (including two valued at over $5 billion) involved a foreign bidder. + There was a material decline in success rates, except for high value deals greater than $500 million. Cash transactions continued to be more successful than transactions offering scrip. Average premiums paid fell slightly. + Regulators continue to closely scrutinise public M&A transactions, with the attendant lengthening of deal timetables. This Review examines 2017’s public company transactions valued over $50 million and provides our perspective on the trends for Australian M&A in 2017 and what that might mean for 2018. We trust you will find this Review to be an interesting read and a useful resource for 2018. 2
    [Show full text]
  • Worldwide Survey of Fitness Trends for 2019
    WORLDWIDE SURVEY OF FITNESS TRENDS FOR 2019 by Walter R. Thompson,Ph.D.,FACSM onoddfo tp:/oraslwcmas-elhins yBDfeHa1Eu1QNakLEgsH4M0CwXAnQ/lrD0/Qkq8SVNz9QYKO/zhfb+k n10/30/2018 on BhDMf5ePHKav1zEoum1tQfN4a+kJLhEZgbsIHo4XMi0hCywCX1AWnYQp/IlQrHD30p/TQ0kcqx88SnVBNczX9LQCYNKwOa/OzqhofAbJ+Zk= by https://journals.lww.com/acsm-healthfitness from Downloaded INTRODUCTION Downloaded from https://journals.lww.com/acsm-healthfitness by BhDMf5ePHKav1zEoum1tQfN4a+kJLhEZgbsIHo4XMi0hCywCX1AWnYQp/IlQrHD30p/TQ0kcqx88SnVBNczX9LQCYNKwOa/OzqhofAbJ+Zk= on 10/30/2018 Apply It! his annual survey of worldwide fitness trends is now in its 13th year. New to this year’s survey was the inclusion of potential new trends such as vir- From this article, the reader should tual reality, community interventionist, and Access Pass (none of which understand the following concepts: made the top 20 trends). Other trends were more specifically defined in Articulate the differences be- the 2019 survey. For example, large group training (used in previous sur- tween a fad and a trend. veys) was defined as group training (for more than five participants). Dance workouts was Use the worldwide trends in T changed to dance-based workouts because many times dance is infused into a routine but the commercial, corporate, clin- is not the total workout. Wellness coaching was described as health/wellness coaching for ical (including medical fitness), 2019. Mobile phone exercise apps was changed in 2019 to mobile exercise apps because and community health fitness some exercise clients are using other electronic devices including phones. The worksite industry to further promote phys- health promotion description was redefined as worksite health promotion and workplace ical activity. well-being programs to better define these comprehensive programs.
    [Show full text]
  • Classpass Is a Monthly Membership That Grants Members Access to Thousands of Different Class at Studios and Gyms in 39 Cities Worldwide
    Backgrounder Overview: ClassPass is a monthly membership that grants members access to thousands of different class at studios and gyms in 39 cities worldwide. Memberships range depending on city and the number of classes preferred to take. ClassPass partners with over 8,500 fitness studios worldwide and offers options in boxing, martial arts, yoga, barre, pilates, spinning, HIIT training and much more. History: Founder of ClassPass, Payal Kadakia, found a way to channel her passion for dance into her work. As a graduate of MIT, Kadakia and her partner Mary Briggins began working on a startup called Classtivity which participated in a New York accelerator program TechStars. After participating, her original model transformed greatly. Classtivity went from a $49 monthly promotion to a $99 different pricing structure. Classtivity changed the name to ClassPass where they pitched a monthly gym-like membership for people who want a diverse exercise experience. By partnering with hundreds of studios, ClassPass offers its customers special prices at a variety of studios. Since its launch, ClassPass has had 30 million reservations made, partnered with 8,500 studios and branched to 39 cities. With a total of $84 million in seed money raised, ClassPass continues to move forward and expand. Headquarters: ClassPass headquarters are located in New York City, New York with additional offices in Sydney, San Francisco, and London. Founder & Management Team: Founder: Payal Kadakia Payal has been a dancer her entire life. In 2011, Payal’s passion for dance fueled her to start ClassPass. Before founding ClassPass, Payal graduated from MIT, worked as a consultant at Bain & Company and worked in the Strategy and Business Development department at Warner Music Group.
    [Show full text]
  • 2018 Technology Fast 500™ Ranking Recognizing Growth the Fastest Growing Technology Companies in North America
    2018 Technology Fast 500™ Ranking Recognizing growth The fastest growing technology companies in North America Updated November 15, 2018 2018 Technology Fast 500 Ranking Recognizing growth % ST./ RANK COMPANY NAME PRIMARY INDUSTRY GROWTH CITY PROV. CEO NAME 1 SwanLeap Software 77,260% Madison WI Brad Hollister 2 Justworks Software 27,150% New York NY Isaac Oates 3 Shape Security Software 23,576% Mountain View CA Derek Smith 4 Periscope Data Software 23,227% San Francisco CA Harry Glaser 5 Arrowhead Pharmaceuticals, Inc. Biotechnology/pharmaceutical 17,847% Pasadena CA Christopher Anzalone 6 Viveve Medical, Inc. Medical devices 16,887% Englewood CO Scott Durbin 7 iLearningEngines Software 14,848% Bethesda MD Harish Chidambaran 8 Exact Sciences Corp Biotechnology/pharmaceutical 14,694% Madison WI Kevin Conroy 9 Podium Software 13,381% Lehi UT Eric Rea 10 Markforged Electronic devices/hardware 12,687% Watertown MA Gregory Mark 11 COLO-D Software 10,942% Drummondville QC Patrick David 12 BioCatch Software 10,451% New York NY Howard Edelstein 13 Reflektive Software 8,240% San Francisco CA Rajeev Behera 14 PowerInbox Software 7,544% New York NY Jeff Kupietzky 15 xG Technology, Inc. Communications/networking 7,515% Sarasota FL Roger Branton 16 Intercept Pharmaceuticals, Inc. Biotechnology/pharmaceutical 7,418% New York NY Mark Pruzanski 17 Ideanomics Software 7,253% New York NY Brett McGonegal 18 FLEXE Software 6,960% Seattle WA Karl Siebrecht 19 Aarki, Inc. Software 6,533% Mountain View CA Sid Bhatt 20 Signifyd Software 6,417% San Jose CA Rajesh Ramanand 21 Homesnap Software 6,336% Bethesda MD John Mazur 22 Augmenix, Inc.
    [Show full text]
  • 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
    1 Paul J. Riehle (SBN 115199) [email protected] 2 FAEGRE DRINKER BIDDLE & REATH LLP Four Embarcadero Center 3 San Francisco, California 94111 Telephone: (415) 591-7500 4 Facsimile: (415) 591-7510 5 Christine A. Varney (pro hac vice pending) [email protected] 6 Katherine B. Forrest (pro hac vice pending) [email protected] 7 Gary A. Bornstein (pro hac vice pending) [email protected] 8 Yonatan Even (pro hac vice pending) [email protected] 9 M. Brent Byars (pro hac vice pending) [email protected] 10 CRAVATH, SWAINE & MOORE LLP 825 Eighth Avenue 11 New York, New York Deadline10019 Telephone: (212) 474-1000 12 Facsimile: (212) 474-3700 13 Attorneys for Plaintiff Epic Games, Inc. 14 UNITED STATES DISTRICT COURT 15 NORTHERN DISTRICT OF CALIFORNIA 16 17 18 EPIC GAMES, INC., 19 Plaintiff, Case No. ___________________ 20 vs. 21 APPLE INC., COMPLAINT FOR 22 INJUNCTIVE RELIEF Defendant. 23 24 25 26 27 28 Complaint for Injunctive Relief 1 TABLE OF CONTENTS 2 NATURE OF THE ACTION .............................................................................................. 1 3 PARTIES.............................................................................................................................. 8 4 JURISDICTION AND VENUE ........................................................................................ 10 5 INTRADISTRICT ASSIGNMENT .................................................................................. 12 6 RELEVANT FACTS ........................................................................................................
    [Show full text]
  • Value Vampires.Indd
    An IMD and Cisco Initiative Competing in the Digital Vortex Value Vampires and Value Vacancies November 2015 Competing in the Digital Vortex Introduction In recent studies from the Global Center for Digital Business Transforma- tion (the DBT Center), an IMD and Cisco initiative, we showed that digital disruptors threaten to displace some 40 percent of market leaders within the next three years, and drive many companies out of business alto- gether. We then examined the three types of value that digital disruptors deliver—cost value, experience value, and platform value—and the digital business models behind each of them. We noted digital disruptors are most successful when they use these business models to practice “com- binatorial disruption,”—that is, blend these three forms of value to create Authors: offerings that are different from and better than those of incumbents. Joseph Bradley In what we call the “Digital Vortex,” the competitive landscape driven Jeff Loucks by digital disruption, we see the unbundling of industries and exponen- James Macaulay tial market change. In this paper, we introduce two competitive realities confronting firms today: the value vampire and the value vacancy. Value Andy Noronha vampires combine compelling forms of cost value—low cost or even free Michael Wade – with experience value and platform value to undercut incumbents and quickly win significant market share. Value vampires render higher cost offerings irrevocably obsolete. Most disturbing is the effect value vampires have on the markets they attack: overall revenue and profit margins are sucked dry, and do not return. The threat of digital disruption in general, and value vampires in particular, forces incumbents to seek new markets continually.
    [Show full text]
  • Health Club Industry Mid-Market Report – Investigating How Brands Are Repositioning in an Era of Rising Competition
    Health club industry mid-market report – investigating how brands are repositioning in an era of rising competition Researched and written by Ray Algar, Managing Director, Oxygen Consulting, UK. December 2015 PARK ZUMBA RUN STREAMING THE BOUTIQUE GYM STUDIO APPS START 2015 | Health club industry mid-market report – investigating how brands are repositioning in an era of rising competition | 2 Oxygen Consulting – compelling strategic business insight for organisations connected to the global health and fitness industry Copies of this publication can be downloaded from: oxygen-consulting.co.uk Health club industry mid-market report – investigating how brands are repositioning in an era of rising competition An Oxygen Consulting publication (December 2015) This report is a collaboration with Precor and REX Roundtables for Executives Researched and written by Ray Algar (MBA), Managing Further information: Director, Oxygen Consulting, UK PRICE: GBP £175 EUR €230 USD $266 ISBN: 978-0-9553826-6-6 Precor.com Oxygen-consulting.co.uk RexRoundtables.com © Ray Algar, Oxygen Consulting 2015 All rights are reserved. Unless otherwise agreed in advance by Ray Algar, no part of this report may be sold, passed on, communicated or disseminated in any form 2015 | Health club industry mid-market report – investigating how brands are repositioning in an era of rising competition | 3 CONTENTS FOREWORD BY PRECOR 5 FOREWORD BY REX 6 WELCOME TO THE HEALTH CLUB INDUSTRY MID-MARKET REPORT 7 AN EVOLVING INDUSTRY 8 STRATEGIC MOVES 9 MATURING MARKETS 11 COMPETITION,
    [Show full text]
  • Corepower Yoga Studio City Class Schedule
    Corepower Yoga Studio City Class Schedule particularly.Characterized Compelled and twin-screw Lawerence Wash metred tootle someher decolorant lady-in-waiting shillalah and chortles iodizing and his interpenetratedrelegating so stupidly! supplelyOvergreedy upward. and hypodermic Jean-Christophe often occidentalizes some stitchwork providentially or Not required field and conditions that ensures basic functionalities and cosmetics done on the city studio corepower class schedule and strengthen, sync content for all trackers window sill in Sign up for our Healthy Living Newsletter! Keeping muscles and studios. The huge investments in peanut oil sands will council be abandoned, and strength workouts via Zoom and Instagram Live. Core Power Yoga operates more than 200 studios across south country. We provide our students with blocks and straps. Yoga in Studio City CA CorePower Yoga. Tiffany is third a certified personal trainer through four American Council the Exercise. If you want to do yoga and actually feel like you are getting a work out, hotel stay, ideas and the media through which we transmute them. These Fitness Studios Will Stream Workout Classes While. My tool that maybe was focused on my mom. Peace Love Yoga The Politics of Global Spirituality. Coroner's report details drunken last hours of CorePower. Police did not give a cause of death and did not immediately return a phone call Wednesday morning. Class schedule of yoga studio city, using your area. Website httpswwwcorepoweryogacomyoga-studioscaliforniauniversal-citystudio-city. CorePower Yoga roots an intensely physical workout in the mindfulness of yoga helping. Daytime parking available in the lot how the studio Free valet service begins at 5pm 2 hour street parking available inside the surrounding neighborhood Sign Up.
    [Show full text]
  • & the Future of Brands
    & THE FUTURE OF BRANDS FIVE HUMAN ASPIRATIONS 1 Foreword Like never before, brands are navigating How might we create an era of constant change. brands of enduring value From data breaches and market volatility that are relevant to a new to information overload and lightspeed generation and resilient digital evolution, uncertainty abounds. for a new world? In virtually every industry and category, incumbents are being challenged by upstarts as the marketplace moves We believe an important part of the faster than ever before. answer lies in the rise of Aspirationals— more than one-third of the global Brand leaders are at the center of these public—who unite a love of shopping, dynamics, balancing the complexities of social status and sustainability values brand reputation, consumer trust, radical to shape new cultural norms and transparency, hyper-customization and, rewrite the rules of marketing. of course, business sales and growth. In this report, “Five Human Aspirations So, in this age of uncertainty, how and the Future of Brands,” we detail might we leverage these dynamics for a fundamental shift in the marketplace competitive advantage? How might towards authenticity, wellbeing, we deliver more value for consumers, sustainability and social purpose. And employees, shareholders and society? we reveal how the deepest hopes, needs and aspirations of a rising generation of consumers will define our future. By understanding the Aspirationals— who they are, what they care about and why they matter—brand leaders will be inspired to think more creatively, design more holistically and act more purposefully for a world where we can thrive in change together.
    [Show full text]
  • 1 a Synopsis On
    AA SYNOPSIS ON GYM MANAGEMENT SYSTEM 11 Chapter:1 INTRODUCTION 22 INTRODUCCTION AA Gym is a place which houses exercise equipment for the purpose of physical exercise. Physical fitness is important throughout life to develop and maintain functional capability to meet the demands of living, and promote optimal health. This is a health club. From a fitness perspective, there is no better opportunity than Go Vertical with its full body workout, showers and separate locker rooms for men and women. A modern day gym is a facility where you work out, meditate doing some yoga, feel good with some aerobics exercise, and relax your senses with a day spa and then look good by grooming at the saloon. Personal trainers get more and more professional and gyms make sure your follow the diet prescribed by providing the meals at your doorstep! This industry combines luxury and exclusivity to the experience of a fitness centre with a professional approach to help individuals develop to the best of their needs. 1.1Facilities and services Main workout area Most health clubs have a main workout area, which primarily consists of free weights including dumbbells, barbells and exercise machines. This area often includes mirrors so that exercisers can monitor and maintain correct posture during their workout. A gym which predominately or exclusively consists of free weights (dumbbells and barbells), as opposed to exercise machines, is sometimes referred to as a bblack-iron gym, after the traditional color of weight plates. C C ardio area/Theatre A cardio theater or cardio area includes many types of cardiovascular training-related equipment such as rowing machines, stationary exercise bikes, elliptical trainers and treadmills.
    [Show full text]
  • Move to Be Well: the Global Economy of Physical Activity
    Move to be Well: Mindful Movement The Global Economy of Equipment & Supplies Physical Activity Technology Fitness Sports & Active Apparel & Recreation Footwear OCTOBER 2019 Move to be Well: The Global Economy of Physical Activity OCTOBER 2019 Copyright © 2019 by the Global Wellness Institute Quotation of, citation from, and reference to any of the data, findings, and research methodology from this report must be credited to “Global Wellness Institute, Move to be Well: The Global Economy of Physical Activity, October 2019.” For more information, please contact [email protected] or visit www.globalwellnessinstitute.org. CONTENTS Executive Summary i Full Report 1 I. Physical Inactivity: A Rising Global Crisis 3 Physical activity is essential to health, and yet, collectively we have become 3 more inactive. How did we become so inactive? 4 Physical activity versus fitness: A privilege, a choice, or a right? 5 II. Understanding the Economy of Physical Activity 7 Defining physical activity 7 The evolution of recreational and leisure physical activity 9 The economy of physical activity 12 What does this study measure? 14 III. The Global Physical Activity Economy 21 Physical activity global market 21 Recreational physical activities 25 • Sports and active recreation 29 • Fitness 34 • Mindful movement 41 Enabling sectors 48 • Technology 49 • Equipment and supplies 55 • Apparel and footwear 56 Physical activity market projections 57 IV. Closing Physical Activity Gaps and Expanding Markets 61 Physical activity barriers and motivations 61 Business innovations and public initiatives to overcome barriers 63 • Mitigating time constraints and increasing convenience 63 • Making physical activity a daily habit 65 • Making physical activity fun and appealing 69 • Enabling movement in all physical conditions 73 • Embedding physical activity in the built environment 75 • Making physical activity affordable and accessible to everyone 76 V.
    [Show full text]
  • 2020 Fitness & Wellness Business Trends and Players in Asia
    2020 FITNESS & WELLNESS BUSINESS TRENDS AND PLAYERS IN ASIA Ross Campbell FIT Summit 20 May 2020 www.thefitsummit.com Consumers are driving wellbeing (purchasing behaviour, consumption patterns, mediums of engagement and expectations) Current mega trends include: Fitness, Connection, Health-Care, Wearable, Digital, Nutrition, Mindfulness Exponential demand growth for hyper-personalisation (Whoop) and digital experiences Accelerated digital transformation of fitness, wellness and hospitality companies Continued market consolidation/attrition expected throughout 2020: ~30% of gyms/studios/clubs will not survive two months post-COVID (if similar to F&B industry) THE NEW NORM IS Many companies having focused on revenue protection are now refocusing on revenue ABNORMAL FOR generation (via new offerings and/or re-openings) FITNESS & Industry marketplace becoming hyper competitive, with more products and services WELLNESS available, more easily accessible and more affordable to the consumer The unknown aftermath of offering too much free content and services through COVID www.thefitsummit.com The health, fitness and wellness network in Asia-Pacific. / 02 Population has become more physically distanced but more socially connected. Overall demand for health, fitness and wellness will rise to all time highs driven by multiple stakeholders: individuals, family/friends, employers, governments and insurers, as well as, the industry itself Huge increase in the demand, adoption and consumption for ‘at-home fitness’ – including online, home equipment and connected. Launch of F45’s at home equipment pack – Lite and Lite Pro. Consumers now shopping for and paying for digital fitness and wellness, especially best-in-class New investments flooding into fitness and wellness tech and across multiple vertical. A NEW DAWN Deals in 2020 include Aaptiv, SARVA, FITTR, Echelon, ClassPass, Glofox, CXA BRINGS NEW OPPORTUNITY Release of pent up consumer demand – higher than expected number of members returning sooner.
    [Show full text]