Revenue generated by health clubs in the United States increased while overall club membership and usage decreased, according to 2012 figures released by the International Health, Racquet and Sportsclub Association (IHRSA).
Paul Byrne, the president of Precor who has been with the company for 28 years, has announced he will retire on Sept. 1. Precor Vice President Rob Barker will succeed Byrne as president in what has been part of a developing succession plan, according to the company.
Nick Oram, a former SoulCycle master instructor, has filed a class-action lawsuit against the company claiming he and other SoulCycle instructors are not paid for their work outside of the 45-minute classes they lead.
In an earnings call with analysts, Town Sports International CEO Bob Giardina said two of the four victims who were killed as a result of the Boston Marathon bombings and subsequent search for the suspects were Boston Sports Club members.