town sports http://clubindustry.com/taxonomy/term/7437/more en Town Sports International Revenue Declines to $100.9 Million in Q2 http://clubindustry.com/profits/town-sports-international-revenue-declines-1009-million-q2 <div class="node-body article-body">Town Sports International's second quarter 2016 revenue declined by 5.9 percent, which the company attributed to club closures in 2015 and the first half of 2016, a decrease in initiation and processing fees, and a decline in personal training products sales volume.</div> <p><a href="http://clubindustry.com/profits/town-sports-international-revenue-declines-1009-million-q2" target="_blank">read more</a></p> http://clubindustry.com/profits/town-sports-international-revenue-declines-1009-million-q2#comments For-profits town sports Fri, 29 Jul 2016 21:05:00 +0000 56881 at http://clubindustry.com <p>Despite the revenue decline and the membership decline, TSI&#39;s net income grew and adjusted earnings before interest, taxes, depreciation and amortization (EBITA) grew.&nbsp;</p> Bob Giardina Resigns from Town Sports International http://clubindustry.com/town-sports/bob-giardina-resigns-town-sports-international <div class="node-body article-body">Bob Giardina, who had been CEO of Town Sports International at one time but lately had been a member of the board of directors, resigned from the company immediately for personal reasons, the company announced in a filing with the Securities and Exchange Commission. </div> <p><a href="http://clubindustry.com/town-sports/bob-giardina-resigns-town-sports-international" target="_blank">read more</a></p> http://clubindustry.com/town-sports/bob-giardina-resigns-town-sports-international#comments For-profits town sports Thu, 26 May 2016 22:09:00 +0000 54501 at http://clubindustry.com <p>Bob Giardina&nbsp;resigned this week from the board of directors for Town Sports International just two weeks after he was voted by shareholders to continue on the board.&nbsp;(File photo courtesy Town Sports International.)</p> Town Sports Revenue Declines to $101.3 Million in Q1 2016 as Debt Management Continues http://clubindustry.com/town-sports/town-sports-revenue-declines-1013-million-q1-2016-debt-management-continues <div class="node-body article-body">Town Sports International's 9 percent revenue drop in the first quarter was primarily due to a decline in membership dues, according to a media release from the company.</div> <p><a href="http://clubindustry.com/town-sports/town-sports-revenue-declines-1013-million-q1-2016-debt-management-continues" target="_blank">read more</a></p> http://clubindustry.com/town-sports/town-sports-revenue-declines-1013-million-q1-2016-debt-management-continues#comments For-profits town sports Tue, 03 May 2016 22:43:00 +0000 53641 at http://clubindustry.com <p>TSI&#39;s total net debt as of March 31 was $187.0 million, marking a six percent drop from Dec. 31, 2015. (Photo by Stuart Goldman.)</p> Town Sports International Partners on a Second Studio Brand http://clubindustry.com/town-sports/town-sports-international-partners-second-studio-brand <div class="node-body article-body">Town Sports International will feature Tone House athletic-based training studios in some of its clubs starting this summer. The studios are in partnership with Tone House, which will operate independently from Town Sports. </div> <p><a href="http://clubindustry.com/town-sports/town-sports-international-partners-second-studio-brand" target="_blank">read more</a></p> http://clubindustry.com/town-sports/town-sports-international-partners-second-studio-brand#comments For-profits town sports Wed, 30 Mar 2016 01:39:00 +0000 51841 at http://clubindustry.com <p>The first Tone House studio will open in a New York Sports Club this summer and then in some of its BFX studios.&nbsp;(Photo courtesy Town Sports International.)</p> Town Sports International Launches New Marketing and First Social Media Campaign http://clubindustry.com/town-sports/town-sports-international-launches-new-marketing-and-first-social-media-campaign <div class="node-body article-body">Town Sports International (TSI) is launching a new marketing campaign, #IBUILTTHIS, for all of its Sports Club brands, which are New York Sports Clubs, Boston Sports Clubs, Philadelphia Sports Clubs and Washington Sports Clubs.</div> <p><a href="http://clubindustry.com/town-sports/town-sports-international-launches-new-marketing-and-first-social-media-campaign" target="_blank">read more</a></p> http://clubindustry.com/town-sports/town-sports-international-launches-new-marketing-and-first-social-media-campaign#comments For-profits town sports Tue, 22 Dec 2015 21:58:00 +0000 46861 at http://clubindustry.com <p>Town Sports International&#39;s new marketing campaign features police officers, such as this one, and other inspirational members of its clubs. (Photo courtesy Town Sports International.)</p> Town Sports International's Q3 Revenue Drops 7.8 Percent Amid Staff Reduction http://clubindustry.com/town-sports/town-sports-internationals-q3-revenue-drops-78-percent-amid-staff-reduction <div class="node-body article-body">The revenue decrease was attributed to existing members downgrading memberships and new members enrolling at a lower rate resulting from the company's move to more low-price clubs.</div> <p><a href="http://clubindustry.com/town-sports/town-sports-internationals-q3-revenue-drops-78-percent-amid-staff-reduction" target="_blank">read more</a></p> http://clubindustry.com/town-sports/town-sports-internationals-q3-revenue-drops-78-percent-amid-staff-reduction#comments For-profits town sports Tue, 03 Nov 2015 22:08:00 +0000 45561 at http://clubindustry.com <p>TSI&#39;s conversion of 123 of its 154 clubs to a high-value, low-price model led&nbsp;to a 6.4 percent decrease in revenue for the company in second quarter 2015.&nbsp;(Photo courtesy TSI.)</p> Town Sports International Appoints Gregory Bartoli as COO http://clubindustry.com/profits/town-sports-international-appoints-gregory-bartoli-coo <div class="node-body article-body">Bartoli, 38, has been providing advisory services to TSI as an outside consultant. </div> <p><a href="http://clubindustry.com/profits/town-sports-international-appoints-gregory-bartoli-coo" target="_blank">read more</a></p> http://clubindustry.com/profits/town-sports-international-appoints-gregory-bartoli-coo#comments For-profits town sports Tue, 18 Aug 2015 19:12:00 +0000 43601 at http://clubindustry.com <p>Bartoli&#39;s&nbsp;background includes years of progressive experience in financial and entrepreneurial leadership roles.&nbsp;(Photo courtesy of Town Sports International.)&nbsp;</p> Town Sports International's Q2 Revenue Fell 6.4 Percent http://clubindustry.com/town-sports/town-sports-internationals-q2-revenue-fell-64-percent <div class="node-body article-body">Town Sports International Holdings Inc. (TSI), New York, reported second quarter 2015 revenue of $108.3 million, a decrease of 6.4 percent compared to second quarter 2014, according to financials filed Thursday by the company.</div> <p><a href="http://clubindustry.com/town-sports/town-sports-internationals-q2-revenue-fell-64-percent" target="_blank">read more</a></p> http://clubindustry.com/town-sports/town-sports-internationals-q2-revenue-fell-64-percent#comments For-profits town sports Thu, 30 Jul 2015 21:08:00 +0000 43051 at http://clubindustry.com <p>TSI&#39;s conversion of 123 of its 154 clubs to a high-value, low-price model led&nbsp;to a 6.4 percent decrease in revenue for the company in second quarter 2015.&nbsp;(Photo courtesy TSI.)</p> Town Sports International Executive Chairman Patrick Walsh to Receive $30,000 Per Month Salary http://clubindustry.com/profits/town-sports-international-executive-chairman-patrick-walsh-receive-30000-month-salary <div class="node-body article-body">The board of director's for Town Sports International has approved a $30,000 per month salary for Patrick Walsh, who was appointed executive chairman of the company in June as the the board seeks a replacement for the company's former CEO. </div> <p><a href="http://clubindustry.com/profits/town-sports-international-executive-chairman-patrick-walsh-receive-30000-month-salary" target="_blank">read more</a></p> http://clubindustry.com/profits/town-sports-international-executive-chairman-patrick-walsh-receive-30000-month-salary#comments For-profits town sports Wed, 22 Jul 2015 21:05:00 +0000 42801 at http://clubindustry.com <p>Patrick Walsh&#39;s salary will be pro-rated for the time that he serves as executive chairman.</p> Town Sports CEO Gallagher to Leave the Company http://clubindustry.com/profits/town-sports-ceo-gallagher-leave-company <div class="node-body article-body">Dan Gallagher will leave his position Friday as CEO of Town Sports International.</div> <p><a href="http://clubindustry.com/profits/town-sports-ceo-gallagher-leave-company" target="_blank">read more</a></p> http://clubindustry.com/profits/town-sports-ceo-gallagher-leave-company#comments For-profits town sports Thu, 18 Jun 2015 13:57:00 +0000 41751 at http://clubindustry.com <p>Town Sports International has made several changes recently, including the departure of its CEO Dan Gallagher. (Photo courtesy Town Sports International.)</p>