To stay fighting fit in the ring, Singapore gyms need new workout regimes
Recent gym closures indicate that the post-pandemic fallout is not over. As more players fight for a smaller slice of the fitness pie, new models are needed
RITUAL Gym’s closure of its four branches in Singapore last week sent shockwaves through the fitness community.
The home-grown brand had been around since 2013, and was an established player in the high-intensity interval training (HIIT) space.
Yet, industry watchers should have seen it coming. The local fitness sector has been plagued by closures. Among them were boutique gyms Fenix Fitness, Haus Athletics, boOm and UFC Gym.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
SMEs
Singapore architectural firm wins US$28 million deal to light up Saudi theme park
Applications open for Emerging Enterprise Awards 2024, now in their 17th year
As airports expand, Singapore SMEs can tap opportunities
Sun rising for Singapore businesses breaking into Japan market
One in three Singapore SMEs expect AI to replace or take over jobs: survey
Fintech KPay aims to triple Singapore merchant base, double local workforce