Today’s key global wellness news articles from around the world, impacting the industry and influencing the business of wellness.
Discussion of a Chief Wellbeing Officer has been circulating in the workplace for years. Why has this taken so long to become a reality, what is the benefit of having a CWO and how does a company implement a CWO position? The time for wellbeing in the workplace is now, and a CWO can greatly help.
Traditional department stores have been experiencing a slow and painful to watch death for years. The pandemic may be the final nail in their coffin. J.C. Penney and Neiman Marcus have declared bankruptcy. Sears and Lord & Taylor are all but gone, and Macy’s is hanging on by a thread.
The sporting world has a soft spot for tales of plucky underdogs overcoming their bigger rivals. Think Leicester City’s unlikely rise to Premier League champions or a 17-year-old Boris Becker winning Wimbledon. Now the young founders of the sportswear brand Castore are hoping to replicate those legendary triumphs, with a grand ambition: to create a challenger to Nike and Adidas from their base in Liverpool.
Samsung-backed Korean start-up SunnyFive is developing a fake window that mimics natural light to boost mood and energy. While its design is decorative, the device demonstrates the importance of light on wellbeing, and suggests the increasing role that sunlight simulation will have, particularly in urban centres.
Following the killing of George Floyd, the Black Lives Matter movement has provoked global change, prompting a reckoning across all areas of celebrity and business. In response to calls for change, Sweaty Betty has announced changes to their product names, many of which formerly featured Sanskrit words.
The coronavirus pandemic has put a damper on a lot of things, but wellness M&A is not one of them. Consumer interest in being healthy has never been higher, experts agree, and during the COVID-19 pandemic that has translated into higher sales in categories like supplements, at-home fitness and self-care.
The Gym Group lost one in five of its members since lockdown started, it said today, as it gets ready to reopen most of its gyms on 25 July. The hit to its numbers came despite the group freezing all membership payments during lockdown. It has around 692,000 remaining customers.