Posted on 04/24/2020 2:36:40 PM PDT by conservative98
"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," the company said in a statement on its Facebook page.
(Excerpt) Read more at businessinsider.com ...
Capitalism is all about destruction. Then we will create again. That’s what we did in the past after a war or a pandemic.
Makes sense that they'd have a lot there; that's where they're headquartered.
But this time i’ll know better than to buy them and think i’ll use them for anything but to hold wet laundry :)
If they own the location on McKinney in Dallas the land underneath it is probably worth a good bit more than the going value concern. If they don’t, the landlord may be really happy that they are leaving.
The other Dallas location is also in a high rent district. The margins just might not be there.
As for DeSoto the opposite issue - it peaked the day before the SuperConducting SuperCollider project was shut down.
Gold’s Gym should be Olds Gym...Most of them here are in old Department Stores or Supermarkets...One is in an old Winn Dixie...
I was just about to start exercising too.... darn!
As Wichita falls... so falls Wichita Falls"
I remember the benches seats and weights had perspiration on them. Everything that I would grip at some point had perspiration on it.
I thought it was gross then and now with the corona virus it is simply disguting.
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