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Tuesday, January 31, 2023

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Gold’s Gym is permanently closing 30 locations

Like small businesses across America, many large businesses are starting to see their bottom line hit hard during the Coronavirus shutdowns. AMC announced that they are raising their debt capacity and now Gold’s Gym has announced the permanent closure of 32 locations.

The states with closing locations include Colorado, Alabama, Texas and the Carolinas. It is important to note that these gyms were underperforming prior to the Coronavirus shutdown.

In a statement to Business Insider, the President and CEO said “Gold’s Gym has been the world’s trusted fitness authority for more than 50 years, and we’re absolutely not going anywhere,” Adam Zeitsiff, Gold’s Gym president and CEO, said in a statement. “While the COVID-19-related closures have caused us to reassess the viability of some company-owned locations and make the difficult decision to permanently close about 30 gyms, we know that we will emerge from this stronger and ready to grow. This decision affects only company-owned gyms, mainly in our St. Louis, Alabama and Colorado Springs markets, and does not have an impact on any of our franchise-owned gyms. Our focus is and always will be on our members in nearly 700 gyms in 29 countries around the world, and we look forward to welcoming you back as soon as it is safe for our members, team members and communities.”

Business Insider also has the comprehensive list of the closing locations.

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Ruben Jay
Ruben Jay
Ruben Jay is an American broadcaster, media blogger, and podcast host. Currently, Ruben is the President of MultiMediaMouth.com and the executive producer and host of the popular podcasts You’re My Best Friend and ON AIR with Ruben Jay, exclusively on MultiMediaMouth.com. Follow Ruben on Instagram, Twitter, and Tiktok @TheRubenJay.

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