Reply
Results 1 to 7 of 7

Thread: Jumping the gun

  1. #1
    Registered User meloncap78's Avatar
    Join Date: Dec 2013
    Age: 42
    Posts: 492
    Rep Power: 4388
    meloncap78 is a glorious beacon of knowledge. (+2500) meloncap78 is a glorious beacon of knowledge. (+2500) meloncap78 is a glorious beacon of knowledge. (+2500) meloncap78 is a glorious beacon of knowledge. (+2500) meloncap78 is a glorious beacon of knowledge. (+2500) meloncap78 is a glorious beacon of knowledge. (+2500) meloncap78 is a glorious beacon of knowledge. (+2500) meloncap78 is a glorious beacon of knowledge. (+2500) meloncap78 is a glorious beacon of knowledge. (+2500) meloncap78 is a glorious beacon of knowledge. (+2500) meloncap78 is a glorious beacon of knowledge. (+2500)
    meloncap78 is offline

    Jumping the gun

    Seems like Gold’s jumped the gun on this decision. Hard to believe a month in and they are financially crippled enough to close millions worth of locations. Unless this is speculative of how prevalent social distancing will be even after reopening. Perhaps loss of business will be far reaching. I have also heard that one of my local gyms (3 locations) may not be reopening. That would leave Planet Fitness around here.......

    https://www.businessinsider.com/gold...dresses-2020-4
    Keep going....

    Big 3
    Bench - 265
    Squat - 260
    Dead - 415
    Reply With Quote

  2. #2
    Weak and foolish OldFartTom's Avatar
    Join Date: Jun 2017
    Posts: 5,297
    Rep Power: 36113
    OldFartTom has much to be proud of. One of the best! (+20000) OldFartTom has much to be proud of. One of the best! (+20000) OldFartTom has much to be proud of. One of the best! (+20000) OldFartTom has much to be proud of. One of the best! (+20000) OldFartTom has much to be proud of. One of the best! (+20000) OldFartTom has much to be proud of. One of the best! (+20000) OldFartTom has much to be proud of. One of the best! (+20000) OldFartTom has much to be proud of. One of the best! (+20000) OldFartTom has much to be proud of. One of the best! (+20000) OldFartTom has much to be proud of. One of the best! (+20000) OldFartTom has much to be proud of. One of the best! (+20000)
    OldFartTom is offline
    Plenty of profitable businesses go bust every year because they ran out of cash. Any business in tourism or leisure that can survive this is likely to get a big uptick in sales once the lockdowns end. Obvious questions are if they have the cash to survive and how long this'll go on.

    But equally I'd ask: were they in trouble before?

    It's a Warren Buffet quote "Only when the tide goes out, do you learn who was swimming naked"
    Faith in Jesus first and faith in squats second.
    Then other details will start to slot themselves into place.
    Bodyweight 73kg (20/09/2020)
    Reply With Quote

  3. #3
    Registered User nitefeatherz's Avatar
    Join Date: Mar 2014
    Posts: 231
    Rep Power: 2016
    nitefeatherz is just really nice. (+1000) nitefeatherz is just really nice. (+1000) nitefeatherz is just really nice. (+1000) nitefeatherz is just really nice. (+1000) nitefeatherz is just really nice. (+1000) nitefeatherz is just really nice. (+1000) nitefeatherz is just really nice. (+1000) nitefeatherz is just really nice. (+1000) nitefeatherz is just really nice. (+1000) nitefeatherz is just really nice. (+1000) nitefeatherz is just really nice. (+1000)
    nitefeatherz is offline
    Originally Posted by meloncap78 View Post
    Seems like Gold’s jumped the gun on this decision. Hard to believe a month in and they are financially crippled enough to close millions worth of locations. Unless this is speculative of how prevalent social distancing will be even after reopening. Perhaps loss of business will be far reaching. I have also heard that one of my local gyms (3 locations) may not be reopening. That would leave Planet Fitness around here.......

    https://www.businessinsider.com/gold...dresses-2020-4
    More than likely they were drowning in debt to start with and Corona was the final kick.
    "We gain strength, and courage, and confidence by each experience in which we really stop to look fear in the face... we must do that which we think we cannot." Eleanor Roosevelt
    Reply With Quote

  4. #4
    Registered User xTeTe's Avatar
    Join Date: Apr 2016
    Location: Chicago, Illinois, United States
    Posts: 101
    Rep Power: 951
    xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500)
    xTeTe is offline
    Originally Posted by nitefeatherz View Post
    More than likely they were drowning in debt to start with and Corona was the final kick.
    Agreed. I feel like quite a few Gold's have gone under in recent years. Both of the Gold's here in San Diego have closed up shop a few years ago. I work out at Eos, who bought one of the former Gold's locations about three or four years ago. Eos is doing fine because they're only charging $16 a month whereas the Gold's was probably charging double that.
    Reply With Quote

  5. #5
    on probation weiss1967's Avatar
    Join Date: Jun 2007
    Location: New Westminster, BC, Canada
    Posts: 1,932
    Rep Power: 8676
    weiss1967 is a name known to all. (+5000) weiss1967 is a name known to all. (+5000) weiss1967 is a name known to all. (+5000) weiss1967 is a name known to all. (+5000) weiss1967 is a name known to all. (+5000) weiss1967 is a name known to all. (+5000) weiss1967 is a name known to all. (+5000) weiss1967 is a name known to all. (+5000) weiss1967 is a name known to all. (+5000) weiss1967 is a name known to all. (+5000) weiss1967 is a name known to all. (+5000)
    weiss1967 is offline
    Originally Posted by xTeTe View Post
    Eos is doing fine because they're only charging $16 a month whereas the Gold's was probably charging double that.
    this is something I don't understand. Whoever can pay 16$ a month could probably pay double or triple that. Price war in fitness doesn't do any good for end user because mediocricy is kind of becomes imbedded into the very business model.
    Reply With Quote

  6. #6
    Registered User xTeTe's Avatar
    Join Date: Apr 2016
    Location: Chicago, Illinois, United States
    Posts: 101
    Rep Power: 951
    xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500) xTeTe is a jewel in the rough. (+500)
    xTeTe is offline
    Originally Posted by weiss1967 View Post
    this is something I don't understand. Whoever can pay 16$ a month could probably pay double or triple that. Price war in fitness doesn't do any good for end user because mediocricy is kind of becomes imbedded into the very business model.
    This is a fair point. But, I guess it probably helped start a mad rush for new members. Maybe the revenue they brought in is enough to keep higher level of service. The staff and the programs are good there.. thus far and that would probably be the biggest determining factor in the difference. Seeing as though the facilities are pretty much exactly the same as it was before other than Eos painting their colors all over the place.

    I will say this though, you can get a good feel for who are newer members there as opposed to the holdovers from Gold's. The place is full of fratty behavior with people that are there to socialize and upload to their social media accounts than actually work out. It really wasn't like that at all when it was Gold's.
    Reply With Quote

  7. #7
    Chihuahua in the rain Corbets's Avatar
    Join Date: Mar 2018
    Location: ZG, Switzerland
    Posts: 696
    Rep Power: 5973
    Corbets is a name known to all. (+5000) Corbets is a name known to all. (+5000) Corbets is a name known to all. (+5000) Corbets is a name known to all. (+5000) Corbets is a name known to all. (+5000) Corbets is a name known to all. (+5000) Corbets is a name known to all. (+5000) Corbets is a name known to all. (+5000) Corbets is a name known to all. (+5000) Corbets is a name known to all. (+5000) Corbets is a name known to all. (+5000)
    Corbets is offline
    Originally Posted by weiss1967 View Post
    this is something I don't understand. Whoever can pay 16$ a month could probably pay double or triple that. Price war in fitness doesn't do any good for end user because mediocricy is kind of becomes imbedded into the very business model.
    Exactly. My last gym in Switzerland was about 1000 USD per year (they didn’t do monthly subscriptions) but it was quality. Now I have my own home gym, but I wouldn’t want to go for the cheapest and be the first on that slope to the bottom...
    My Candito Linear log:
    https://forum.bodybuilding.com/showthread.php?t=177212011&p=1581528721#post1581528721

    My Fierce 5 Novice log (deprecated): https://forum.bodybuilding.com/showthread.php?t=175702561&p=1550387651#post1550387651

    My Strava profile: https://www.strava.com/athletes/3015113
    Reply With Quote

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts