April 5, 2019

Last year, the total revenue earned by the U.S. health-and-fitness industry hit an all-time record of $32.3 billion, representing a 44 percent increase over the past five years. By 2023, analysts estimate that the exercise sector could generate as much as $43 billion. In order to stand out in this ever-growing industry, many fitness clubs have added amenities such as spas, massages, and premium workout classes to entice new members. And as we saw yesterday, some high-end customers are willing Continue reading

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April 4, 2019

Since launching a few years ago, the New York-based startup Peloton has grown into a $4 billion company by offering its high-end clientele a “private indoor cycling studio in your home.” For $2,000 plus a $39 monthly membership fee, customers receive a Peloton stationary bike equipped with a touchscreen that can stream more than 13,000 live and on-demand cycling classes. These workout sessions are often driven by upbeat songs from well-known artists to keep bikers peddling with enthusiasm.

But while Continue reading

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February 1, 2018

For decades, malls served as community hubs where people could shop, see a movie, or grab some food all in one convenient location. But the rise of e-commerce and social media caused malls to decline both as retail and recreational centers, leading many to look like ghost towns today. In fact, experts predict that one in every four malls could go out of business by 2022.

In an effort to stay open, mall owners across the country have started appealing Continue reading

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