SoulCycle , to Close 25% , of Its Locations .<br />CNN reports that indoor cycling <br />studio SoulCycle is getting ready to <br />close approximately 25% of its locations.<br />The news comes as another signal <br />that people's exercise habits continue to <br />adapt amid the ongoing COVID-19 pandemic.<br />SoulCycle will close about <br />20 of its 83 studios in the coming days.<br />As riders continue to return<br />to in-studio classes there have been <br />many shifts as a result of the pandemic, SoulCycle spokesperson, via CNN.<br />As riders continue to return<br />to in-studio classes there have been <br />many shifts as a result of the pandemic, SoulCycle spokesperson, via CNN.<br />According to a SoulCycle spokesperson, some of <br />those shifts are geography-based and the company , "assess[ed] whether there is an opportunity <br />to right-size in certain markets.".<br />According to a SoulCycle spokesperson, some of <br />those shifts are geography-based and the company , "assess[ed] whether there is an opportunity <br />to right-size in certain markets.".<br />On August 12, Peloton revealed <br />additional layoffs, price hikes and the <br />closure of many retail showrooms.<br />CNN reports that the fitness industry has been hit <br />hard by the pandemic, with about one-third of <br />fitness locations closing their doors for good.<br />According to a report from the fitness <br />advisory group IHRSA, gyms closing <br />down resulted in the loss of 1.5 million jobs.<br />At the same time, some affordable <br />gym chains, like Planet Fitness,<br /> have managed to thrive. .<br />Last week, the chain reported <br />that its membership base <br />had jumped to 16.5 million.<br />We believe our high-quality affordable <br />fitness experience will resonate now more <br />than ever as Americans are seeking value <br />and feeling the rising costs of everyday <br />items, such as food and gas, Chris Rondeau, Planet Fitness CEO, via CNN.<br />We believe our high-quality affordable <br />fitness experience will resonate now more <br />than ever as Americans are seeking value <br />and feeling the rising costs of everyday <br />items, such as food and gas, Chris Rondeau, Planet Fitness CEO, via CNN
