Gyms, like multiplex cinemas, saw their traffic rise to match the healthy levels of 2019 in December. Then Omicron arrived and set their game plans back.
Surely, you’ve seen lots of small-space fitness boutiques that teach barre, biking, and yoga. How about one that teaches 70-year-old men to deadlift 385 pounds?
Higher expenses, including logistics and store opening costs, weighed on Allbirds’ profit in the first quarter as it continued to expand its physical footprint.