The company that runs New York Sports Club and Lucille Roberts gyms filed for bankruptcy protection with COVID-19, still prevalent in man parts of the U.S., gutting membership rolls at fitness companies nationwide.
Goldās Gym sought bankruptcy protection in May and 24 Hour Fitness Worldwide filed for bankruptcy in June.
The company lost $136 million during the first quarter this year, only a fraction of which included state- and city-mandated shutdowns of retail shops, gyms, salons, restaurants and bars.
Home fitness company Peloton reported a 172% surge in revenue during its most recent quarter and it doubled its subscribers.
Bike shops in New York, as well as most outdoor fitness gear sellers, have been largely cleared out.