The Gym Group’s new tech-led Euston flagship branch opens FITNESS The Gym Group's state-of-the-art Euston branch is the first to offer tech-led Box12 circuit training classes.
Gym Group sprints to a million members as Brits try to shape up The Gym Group Average revenue per member per month was also up nine per cent, helping revenue to climb 18 per cent to £204m.
After strong 2023 Gym Group plans further growth as low-cost fitness market booms leisure During the year The Gym Group pushed through price hikes to offset its higher cost base. The firm said the average headline price of a Standard membership increased to £23.16 in December 2023 compared with £21.49 in December 2022.
The Gym Group: Brits ditch the pennies and the £s as more fitness fanatics seek cheaper gym membership January 12, 2023 The Gym Group today said it has continued to win over customers in the face of the UK’s cost-of-living crisis as Brits flocked to the low-cost gym in seeking out better “value for money”. The low-cost gym owner said it had increased its membership numbers by 14.3 per cent over the past year, to 821,000, [...]
Swapping printing for press ups: Times publishing boss joins Gym Group as CEO in cost cutting bid May 3, 2023 The Gym Group has announced that seasoned business leader and publishing boss Will Orr has taken on the role of chief executive. The budget exercise chain drafted in the pricing pro to keep costs attractive amid the cost of living crisis. In his new role at the Gym Group, Orr will be leaving the world [...]
The Gym Group’s chair of directors will retire with its founder taking over the role July 25, 2022 Chair of directors for low cost exercise giant the Gym Group has announced she is retiring, having been at the helm since its IPO in 2015. Penny Hughes will step down as the chair of The Gym Group board of directors today, with founder and director John Treharne taking over the role. During her time [...]
The Gym Group sees memberships leap as boss lauds ‘once in a generation’ growth opportunity August 4, 2022 The Gym Group has said membership has swelled 10 per cent in the past six months, as it eyes the autumn opportunity to sign up returning university students. The gym operator, which runs 215 sites, shared that revenue had leapt to £84.2m and group adjusted EBITDA to £33.5m. The London-listed company hopes to have 300 [...]
The Gym Group revenue rockets a third as pandemic losses linger and shares fall March 16, 2022 The Gym Group’s revenue had rocketed a third in the past year, though it continues to swallow lingering pandemic-era losses. The low-cost gym chain enjoyed a revenue boost to £106m from £80.5m, after pandemic restrictions significantly dampened earnings. The company has since unveiled a plan to open 28 new gyms in 2022, with 20 leases [...]
Mental health reasons are the main motivator for gym time May 6, 2024 A survey from The Gym Group identifies supporting mental health as one of the top reasons for gym visits for young people.
Gym Group swings to loss despite uptick in membership volumes September 2, 2021 The Gym Group swung to a loss in the first six month of this year despite a sharp uptick in membership volumes, according to half year results published today. The private gym operator posted a £28.5m loss before tax for the six months to June 30, down from just £100,000 from the same period last [...]