Gold's Gym Taps Former 24 Hour Executive for COO RoleBy: Stuart Goldman Dallas Mike Feinman has changed addresses in the health club industry but not his personal address. Last month, Gold's Gym International (GGI), Dallas,... Clubs Grow 18.1 Percent in Third QuarterBy: Pamela Kufahl Boston For 18 mid-size club companies, the third quarter of 2007 was a time of financial growth, according to a survey of health and sports club companies... Bridge to SuccessAfter a three-year hiatus, the Club Industry East 2008 Conference and Exposition is back in New York City. This year's show, April 16-19 at the Javits... Life Time Reports 28 Percent Growth, Expects Less in 2008By: Pamela Kufahl Chanhassen, Mn Despite announcing late last month a 22.8 percent revenue growth in the fourth quarter 2007 and 28.1 percent revenue growth for the year... Latest 24 Hour Club Involves a New York YankeeBy: Stuart Goldman New York Last month, New York Yankees shortstop Derek Jeter signed up with 24 Hour Fitness. Jeter is the latest in a line of celebrity athletes to lend... 24 Hour Restructures Top RanksBy: Stuart Goldman San Ramon, Ca In late January on Mark Mastrov's official last day as chairman of 24 Hour Fitness, four additional executives left the company. The departing... Fuel Fitness Trustee Accepts Bids for New OwnerBy: Stuart Goldman Nashville, Tn Gary Murphey, who was appointed as the trustee of the troubled Fuel Fitness chain by a bankruptcy court judge last August, is accepting... RDV Celebrates 10 YearsBy: Pamela Kufahl Orlando, Fl MVP Sports Clubs' RDV Sportsplex facility in Orlando, FL, celebrated its 10th anniversary last month. In February 1998, the owners of RDV... Times Change, Members May NotBy: Jennipher Shaver One last thought about change. They say that the more things change, the more they stay the same. That doesn't always hold true for business, especially... First WordDigital Edition We've spruced up our Web site and beefed up our Newsbeat e-newsletter. So what more can we do to entice those of you enthralled with anything... In BRIEFIn mid-February, a little more than a month after police had arrested two men who had broken into lockers and stolen credit cards and other belongings... Tap Into Your Members For Non-dues RevenueBy: Karen Woodard-Chavez Our industry has a steady stream of members coming through our doors each day, but some operators seem to believe that just having the members come through... The Proper Use of Space Can Maximize ProfitsBy: Bruce Carter In a recent survey about health clubs in Consumer Reports, the magazine indicates that for many people, the idea of a health club is totally unappealing... Franchises Make Top 500 ListBy: Pamela Kufahl Irvine, Ca Eight fitness club franchises made Entrepreneur magazine's 2008 Top 500 franchise list, including two key-card clubs, a personal training studio... Clubs Can Help Seniors Fend Off DepressionBy: Sandy Coffman The medical industry is telling us that within the next five to 10 years, depression will become the No. 2 killer in the world. Depression comes from... SEC Sues Bally on Fraud Charges, Reaches SettlementBy: By Stuart Goldman, managing editor CHICAGO -- On the same day the Securities and Exchange Commission (SEC) filed a civil lawsuit against Bally Total Fitness on financial fraud charges, the Chicago-based health club company reached a settlement with the SEC. However, the SEC’s investigation is continuing, according to a statement.... TSI Reports Growth in 2007By: By Stuart Goldman, managing editor NEW YORK -- Town Sports International (TSI) reported a 7.9 percent increase in revenue in the fourth quarter of last year and a 9.2 percent revenue growth for the year, according to a statement the company released Thursday. Fourth quarter 2007 revenue was $118.9 million, up from $110.2 million during the same period in 2006. Revenue for the year was $472.9 million, up from $433.1 million in 2006.... Life Time Reports 28 Percent Revenue IncreaseBy: By Pamela Kufahl, editor CHANHASSEN, MN -- Life Time Fitness reported 22.8 percent revenue growth in the fourth quarter of last year and 28.1 percent revenue growth for the year, according to a statement from the company released today. Fourth quarter 2007 revenue was $171.1 million, up from $139.3 million during the same period in 2006. Revenue for the year was $655.8 million, up from $511.9 million in 2006. Memberships grew 12.5 percent in 2007 to 499,092.... 24 Hour Teams Up With Baseball Star Derek JeterNEW YORK -- New York Yankees shortstop Derek Jeter has become the latest in a line of celebrity athletes to lend his name to 24 Hour Fitness clubs.... Fitness Instructor Convicted of Second-Degree MurderEL CAJON, CA -- A fitness instructor, who once managed three Bally Total Fitness locations in Virginia and Chicago, was recently convicted of second-degree murder in El Cajon (CA) Superior Court.... Fuel Fitness Trustee Accepting Bids for New OwnerNASHVILLE, TN -- Gary Murphey, who was appointed as the trustee of the troubled Fuel Fitness chain by a bankruptcy court judge last August, is accepting bids for a new owner.... Gold’s Gym Names Former 24 Hour Exec as COOBy: By Stuart Goldman, managing editor DALLAS -- Mike Feinman has changed addresses in the health club industry but not his personal address. On Wednesday, Gold’s Gym International (GGI), Dallas, announced it has hired Feinman to serve as its chief operating officer. Feinman resigned from 24 Hour Fitness, San Ramon, CA, on Jan. 28 after serving as 24 Hour’s Dallas-based vice president.... Leading Clubs Report Growth in Third QuarterBOSTON -- For 18 mid-size club companies, the third quarter of 2007 was a time of financial growth, according to a survey of health and sports club companies conducted by Industry Insights for the International Health, Racquet & Sportsclub Association (IHRSA). The companies collectively grew their revenue an average of 18.1 percent to $16.6 million in revenue for the third quarter. ... RDV Celebrates 10th AnniversaryORLANDO -- This month, RDV Sportsplex, Orlando, celebrates its 10th anniversary. The facility blends sports, fitness and medicine. ... Fitness Franchises Make Top 500 ListBy: By Pamela Kufahl, editor IRVINE, CA -- Eight fitness club franchises made Entrepreneur magazine’s 2008 Top 500 franchise list, including two key-card clubs, a personal training studio and two well-known brands. Several of the companies also made Entrepreneur’s list for low-cost franchises and fastest-growing franchises. ... |
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