Free workouts: Houston-area high schoolers can work out here this summer for $0
Planet Fitness announced Wednesday that it is inviting high school students ages 14 to 19 to work out for free at any of its Houston locations from May 16 through Aug. 31, as part of its nationwide High School Summer Pass program.
This metric suggests there's an economic boom ahead — and possibly inflation
The widely watched yield curve shows the difference between short- and long-term interest rates. "That it's going to be highly supportive of economic growth." It's somewhere in that neighborhood, all in a year where we're expected to get good economic growth, but we need good economic growth next year, too," Caron said. On Wednesday, the 5-year breakeven inflation rate, a Treasury market metric of inflation expectations, was at 2.30, the highest since April 2013. Cabana said the Fed would see the rising inflation expectations as positive.cnbc.com
It may be worth swapping Peloton for Planet Fitness in 2021, trader says
Planet Fitness, up over 19% in the same time frame, has climbed on reopening hopes as the Covid vaccine rollout begins. With New Year's resolutions right around the corner and the timing of the reopening still up in the air, it's worth taking a closer look at the fitness trade to see what might work in 2021, two traders say. "As I look forward to 2021, I would begin to look to rotate out of Peloton into Planet Fitness," he told CNBC's "Trading Nation" on Tuesday. "I get really interested in Planet Fitness in the low 60s." Planet Fitness shares closed down almost 4% at $73.15 on Tuesday.cnbc.com
How Planet Fitness could survive Covid-19 while other gyms go bankrupt
Covid-19 has thrown the gym industry into a tailspin, wreaking havoc on some of the biggest names in fitness including Gold's Gym and 24 Hour Fitness, which both had to file for bankruptcy protection. Planet Fitness also has had to shut its doors for months but unlike its rivals, the company is poised to sprint past the competition once the pandemic ends. Gyms were forced to shut down in March 2020 to try to curb the spread of Covid-19, crippling the fitness industry, which is a $32 billion market in the U.S., with more than 41,000 gyms and 64 million members. Before the coronavirus pandemic hit, Planet Fitness reported 53 consecutive quarters of positive same-store sales growth. So despite the dire situation in the gym industry can Planet Fitness actually come out ahead?cnbc.com
Hot job skills: Managers in demand in Houston
Houston is seeing strong demand for managers' skills. Employers in the industry posted 174 new jobs over the past week, and 636 in the last month, more than for any other job category in the area, according to ZipRecruiter, a leading online employment marketplace. Top companies seeking local managers include Jack in the Box, Planet Fitness Houston and bellagreen. Jobs posted by Jack in the Box in the past month in the area also included restaurant managers and team leaders, while Planet Fitness Houston was hiring member services representatives, and bellagreen sought servers, cooks and drivers. This story was created automatically using local jobs data, then reviewed by an editor.
24 Hour Fitness weighs bankruptcy as coronavirus pushes fitness industry to brink
San Ramon, California-based 24 Hour Fitness had roughly $1.5 billion in sales in 2019, and less than $1 million in cash, according to Moody's. Spokespeople for Lazard and Weil, Gotshal & Manges as well as 24 Hour Fitness did not respond to requests for comment. 24 Hour Fitness announced on March 16 it was closing all its clubs, later acknowledging the closures may last for "an extended period of time" due to coronavirus. Its struggles are emblematic of broader challenges and questions the fitness industry must face. A hit to the gym industry comes as private equity investors have poured money into the space, looking to take advantage of recent trends in health.cnbc.com
5 free workouts to do at home during coronavirus that can instantly lower stressand make you feel happy
Watch YouTube workoutsYouTube channels feature a variety of free workouts. Yoga with Adriene features dozens of yoga workouts from about 5 to 40 minutes long and geared toward all levels of experience. PopSugar Fitness features dozens of high intensity workout videos ranging from cardio to dance to toning workouts from 5 to 35 minutes long each. Use free fitness appsThere are a number of free apps that feature a variety of workouts: Apps like Yoga for Beginners feature free 10 minute workouts that can boost energy and help flexibility and toning. The Daily Workouts app features a series of 10, 20, or 30 minute workouts targeted toward abs, arms, legs, or the full body.cnbc.com
Planet Fitness opens in Pearland
Planet Fitness, located at 11005 Shadow Creek Parkway, Pearland, opened in Pearland in mid-May. The gym has both exercise equipment and trainers. This is the first Pearland location for the gym. Planet Fitness also has a location near Friendswood at 3100 E. FM 528, Ste. 713-936-5993. www.planetfitness.comcommunityimpact.com