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Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

Fitness First’s Andrew Cosslett: We’ve turned a corner

Fitness First CEO Andrew Cosslett believes the gym chain has put its darkest days behind it, pointing to improving financial figures released today (11 May) as a three-year transformation programme begins to make headway.

Despite group earnings falling 0.3 per cent to £509.3m for the year ending 31 October 2014, revenue increased across the chain’s rebranded clubs (122 out of 377) and the UK arm returned to EBITDA growth for the first time in five years. There was also reason for cheer in Asia, as Fitness First clubs there enjoyed a 10.5 per cent jump in like-for-like EBITDA.

“We’ve worked hard to stabilise the business and create a platform for growth going forward,” said Cosslett.

“We reached the turning point during the latter part of 2014 as the impact of better results from a growing number of rebranded clubs started to be felt.”

Having come close to collapse before its Company Voluntary Arrangement (CVA) in 2012, the chain is now on course to complete its £270m (US$408m, €346m) transformation programme by the end of 2015 – one year ahead of schedule.

The rebrand has been rooted in motivational science, looking at what encourages members to enjoy exercise and stay longer. This has entailed a comprehensive staff training programme, a retune of the gym space resulting in fewer machines and more interactive spaces, as well as what Cosslett describes as a “sense of arrival.”

“As we make the turn, you are seeing a very different business emerge. One that offers a more welcoming experience, expert staff and digital technology to ensure our members always get the most out of their fitness time and stay on track,” added Cosslett.

“We aim to complete the club refurbishments during 2015, accompanied by an exciting digital launch which will complete the re-positioning of the business and set it up for growth in 2016 and beyond.”

Fitness First CEO Andrew Cosslett believes the gym chain has put its darkest days behind it, pointing to improving financial figures released today (11 May) as a three-year transformation programme begins to make headway.
HAF,FIT,IND,PHR
997124_778334.jpg
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News

Fitness First’s Andrew Cosslett: We’ve turned a corner

Fitness First CEO Andrew Cosslett believes the gym chain has put its darkest days behind it, pointing to improving financial figures released today (11 May) as a three-year transformation programme begins to make headway.

Despite group earnings falling 0.3 per cent to £509.3m for the year ending 31 October 2014, revenue increased across the chain’s rebranded clubs (122 out of 377) and the UK arm returned to EBITDA growth for the first time in five years. There was also reason for cheer in Asia, as Fitness First clubs there enjoyed a 10.5 per cent jump in like-for-like EBITDA.

“We’ve worked hard to stabilise the business and create a platform for growth going forward,” said Cosslett.

“We reached the turning point during the latter part of 2014 as the impact of better results from a growing number of rebranded clubs started to be felt.”

Having come close to collapse before its Company Voluntary Arrangement (CVA) in 2012, the chain is now on course to complete its £270m (US$408m, €346m) transformation programme by the end of 2015 – one year ahead of schedule.

The rebrand has been rooted in motivational science, looking at what encourages members to enjoy exercise and stay longer. This has entailed a comprehensive staff training programme, a retune of the gym space resulting in fewer machines and more interactive spaces, as well as what Cosslett describes as a “sense of arrival.”

“As we make the turn, you are seeing a very different business emerge. One that offers a more welcoming experience, expert staff and digital technology to ensure our members always get the most out of their fitness time and stay on track,” added Cosslett.

“We aim to complete the club refurbishments during 2015, accompanied by an exciting digital launch which will complete the re-positioning of the business and set it up for growth in 2016 and beyond.”

Fitness First CEO Andrew Cosslett believes the gym chain has put its darkest days behind it, pointing to improving financial figures released today (11 May) as a three-year transformation programme begins to make headway.
HAF,FIT,IND,PHR
997124_778334.jpg

News

Gym and health club members in England have flocked back to fitness facilities in droves
PureGym will take its budget fitness concept to Saudi Arabia, after securing a franchise partnership
Gyms, health clubs, leisure centres and fitness studios in England are back in business today
The UK government has published its impact report for the three-tier COVID-19 alert system, which
Professor Chris Whitty, the chief medical officer for England, has said exercise and physical activity
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Miha Bodytec GmbH
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In collaboration with ukactive, FunXtion has driven a global discussion with some of the world’s
This year's UK government Spending Review, announced in Parliament by chancellor Rishi Sunak on 25
Up to 100k people will benefit from the free gym and physical activity sessions, thanks
To the relief of the sector, the UK government confirmed yesterday (23 November) that gyms,
Closing gyms and leisure facilities during any possible future lockdown would be "unthinkable", according to
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The University of Stirling has opened its new £20m sports and fitness centre. The building,
Servicesport UK
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Active IQ has launched its Level 3 Award in Understanding the Development and Delivery of
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UK Parliament will debate COVID-19 restrictions on gyms and leisure centres on Monday 23 November,
fibodo Limited
fibodo Limited
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HCM Magazine
Editor's letter
Being fit increases the efficacy of COVID-19 vaccines, so we’re calling on the government to keep gyms open and encourage exercise
HCM Magazine
Sponsored
Venueserve Fitness enables clubs to offer white-label content streaming to optimise capacity and member engagement
HCM Magazine
Profile
The chair of énergie and vice chair of BMF talks to Kate Cracknell about creating an omnichannel approach that brings together indoor, outdoor, online and VR
HCM Magazine
Research
New research from the Karolinska Institutet in Sweden, has established why people who exercise when suffering from cancer generally have better outcomes
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Jetts Fitness CEO, Elaine Jobson has adapted and simplified Maslow’s Hierarchy of Needs to better fit the company – built on a foundation of company vision, purpose, and values; which Elaine believes should permeate through everything Jetts does.
Opinion: Jetts Fitness – Brilliant Basics, Maslow’s Hierarchy of Needs, and Net Promoter Score®
Featured supplier news
Featured supplier: Cryotherapy specialists, L&R Kältetechnik, launch new artofcryo.com division
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Featured supplier news
Featured supplier: Funxtion collaborates with global experts on white paper exploring digital in the future of fitness
In collaboration with ukactive, FunXtion has driven a global discussion with some of the world’s leading fitness operators and influencers, exploring how digitalisation will influence the delivery of fitness services and products moving forwards.
Company profiles
Company profile: Safe Space Lockers
Safe Space have over 25 years of experience in the UK leisure and fitness industry, ...
Company profiles
Company profile: Fisikal Limited
Fisikal helps fitness professionals, operators and education organisations improve efficiencies and service through its online ...
Supplier Showcases
Supplier showcase - Powering through
Catalogue Gallery
Click on a catalogue to view it online
Directory
Management software
fibodo Limited: Management software
Fitness Software
FunXtion International BV: Fitness Software
Software
Volution.fit: Software
Lockers/interior design
Crown Sports Lockers: Lockers/interior design
Gym flooring
REGUPOL/Berleburger Schaumstoffwerk (BSW): Gym flooring
Wearable technology solutions
MyZone: Wearable technology solutions
Spa software
SpaBooker: Spa software
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Locking solutions
Monster Padlocks: Locking solutions
Fitness equipment
TRX Training: Fitness equipment
Property & Tenders
11 - 25 Union St, London SE1 1SD
Bankside Open Spaces Trust
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Waltham Abbey, Essex
Lee Valley Regional Park Authority
Property & Tenders
Diary dates
09 Dec 2020
Raffles City Convention Centre, Singapore, Singapore
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