The game-changing investment, acquisition and funding news impacting the industry and driving the business of wellness this week.
No matter how they package it, these businesses aren’t just selling physical activity; they’re providing people with a way to adhere to expectations that the industry itself helped set. “Exercise, and especially public exercise, came to signify mental, emotional, and even spiritual health and virtue,” Marc Stern, a historian at Bentley University, wrote in 2008.
As beauty shops begin reopening their doors slowly but surely, one thing is certain: Almost nothing will feel “normal” about the experience of shopping for cosmetics in the middle of a global pandemic.
Today, it’s difficult to find a leader who doesn’t comprehend that global events have forever altered organizations and the nature of work. What is more difficult to find are leaders leaning into this great upheaval to remake their organizations and to reimagine what work feels like.
Lululemon on Tuesday reported surprise revenue growth, despite lockdowns during the height of the coronavirus pandemic, as stores started reopening in the fiscal second quarter and consumers stocked up on workout apparel and yoga accessories. Its stock seesawed in after-hours trading and was recently down by about 2%.
Gym and wellness startup cure.fit has laid off as many as 800 of its staff across the country and permanently closed a number of fitness centres to cut costs amid the world’s biggest coronavirus lockdown, sources familiar with the situation said.
Former Xercise4Less chief plans 50+ locations for new Coach Gyms concept | Leisure Opportunities news
Stuart Perrin, a former Xercise4Less COO, has launched a new affordable boutique studio Concept with the aim of opening 50 sites across metropolitan areas outside London. The first Coach Gym studio recently opened in Leeds and houses four studios and a full gym floor with 200 pieces of equipment – including cardio, functional and free weights.
The market for female-focused health products (aka “femtech”) is set for growth via segmentation, per an analyst note from PitchBook which identifies opportunities for entrepreneurs to target a growing number of health issues that specifically affect women or affect women in a specific …