", She continued: "You can imagine a process like this is extraordinarily involved, very, very complex. It will also close down in Toronto, which means a complete exit from Canada. "This will allow us to continue to provide riders with the SoulCycle experience they know and love.". 650.784.7510, Walnut Creek Download the SoulCycle app for iPhone and Android. The-CNN-Wire New York, NY 10007 navigator.sendBeacon('https://www.google-analytics.com/collect', payload); SoulCycle seeks an IT Engineer to join a small team dedicated to: improving and maintaining our IT infrastructure and implementing new technologies that serve our employees and create new experiences for our customers. Bethesda, MD 20814 Atlanta, GA 30326 OurSoul Shopis still open online 24/7 in the US and Canada. According to the news outlet, Peloton currently operates 86 stores throughout the U.S. and Canada, and the company also plans to shutter 16 of its warehouses across the continent. 617.996.7685, Bellevue Broadway Plaza, 116 Broadway Lane (Macy's Parking Garage Entrance off of South Broadway) New York, NY 10022 Fitness chains and independent gyms at large have been hit hard, with roughly one-third of fitness locations closing during the pandemic. The chain, which charges as low as $10 for a monthly membership, reported in its earnings last week that it grew its membership base to 16.5 million. The Maine-based sports retailer is set to shut down permanently just a few years before its 50th anniversary, with its 35 remaining stores closing by the end of September, an Olympia Sports spokesperson told the Portland Press Herald. But affordable gym chains, like Planet Fitness, appear to be thriving. The-CNN-Wire & 2022 Cable News Network, Inc., a WarnerMedia Company. Indoor cycling studio SoulCycle is closing about 25% of its locations, including in D.C. Log in to your WTOP account for notifications and alerts customized for you. New Arrivals; Price: Low to High; Price: High to Low; Best Sellers Most of the SoulCycle closings will be in New York, but locations in California, Massachusetts, Illinois, Florida, Georgia and Washington state will also be shuttered, the company confirmed. 858-333-6190, Las Vegas We'll also post all studio reopenings here. Sign up for notifications from Insider! In the coming days, SoulCycle will shutter around 20 of its 83 studios: six in the New York City area, five in California and others in Washington, DC, Massachusetts, Illinois, Florida and Georgia. SoulCycle is slimming down. 196 Kent Avenue Equinox-owned SoulCycle, known for its indoor cycling and spinning workouts, is closing 19 of its 83 studios in the U.S. and Canada. To stay competitive, Soul opened outdoor studios in 14 locations over the summer, but the company was still struggling with its at-home product. Please enter valid email address to continue. SoulCycle has three locations in D.C. WTOP.com | Alexa | Google Home | WTOP App | 103.5 FM. As riders continue to return to in-studio classes there have been many shifts as a result of the pandemic, a SoulCycle spokesperson told CNN Business in a statement, saying some of those shifts are geography-based and the company assess[ed] whether there is an opportunity to right-size in certain markets.. Locations include Los Angeles, Miami and San Francisco and the company also operates brands including Blink Fitness, Precision Run and Pure Yoga, which permanently closed at least one location in. Makers of in-home fitness equipment are also struggling, including NordicTrack's parent company iFit Health and Fitness. xhr.setRequestHeader('Content-Type', 'text/plain;charset=UTF-8'); Boston, MA 02116 Beginning her SoulCycle career as a rider needing a break from the corporate world, Kaley eventually transitioned to a full-time instructor. If you have any concerns about the accuracy of our content, please reach out to our editors by e-mailing Please reach out toyoursoulmatters@soul-cycle.comto let the team know! We believe our high-quality affordable fitness experience will resonate now more than ever as Americans are seeking value and feeling the rising costs of everyday items, such as food and gas, CEO Chris Rondeau said in an earnings call, adding that hes noticed that people are trading down from high-priced gyms. The privately held company, owned by Equinox, did open some SoulCycle studios outdoors and evencreated an $2,500 at-home bikein an effort to weather the pandemic. The chain, which charges as low as $10 for a monthly membership, reported in its earnings last week that it grew its membership base to 16.5 million. More details about Roubaix in France (FR) It is the capital of canton of Roubaix-1. The company is also planning to end its presence in Toronto, which will take SoulCycle out of Canada altogether. Brooklyn, NY 11201 2549 Kirby Drive "We have to make our revenues stop shrinking and start growing again," McCarthy said in the staff memo, per Bloomberg. A SoulCycle spokesperson did not share the number of expected layoffs, but said in a statement that the downsizing was partially based on "shifts as a result of the pandemic. Vaccine Required - 265 St. Paul Street News provided by The Associated Press. Fitness chains and independent gyms at large have been hit hard, with roughly one-third of fitness locations closing during the pandemic. daily newsletter. Greenwich, CT 06830 New York, NY 10023 914.713.1202, Rye Brook Montauk, NY 11954 New York, NY 10038 1400 Washington Street So much to discuss here - an 80ft aluminium catamaran with unique hull colours and a myriad of layout and drive options. 212.724.1300, East 63rd Street The news comes as another signal that people's exercise habits continue to adapt amid the ongoing COVID-19 pandemic. 415.431.7685, Marin But SoulCycle, which has largely focused on in-studio classes, was hit with the other side of that trend. Washington, DC 20007 Chestnut Hill, MA 02467 ADVERTISEMENT The studio has been closed since November 2020 due to the COVID-19 pandemic, although at the time SoulCycle said the closure would be temporary. Just two weeks after SoulCycle announced an offe | SoulCycle will close 20 studios and lay off about 75 people while Peloton will lay off about 780 people, increase the price on its Bike+ and Tread, close some retail locations and ask remaining workers to return to the office. 631.324.6600, Montauk The company told. A few athletic companies have already announced closures this year. Our . ae0fcc31ae342fd3a1346ebb1f342fcb. Daily News Updates Indoor cycling studio SoulCycle announced that it is closing about 20 of its 83 studios and laying off about 75 of its 1,350 employees, a sign that peoples' exercise habits are still changing. 3699 McKinney Ave #309 215.398.7685, Back Bay how to adjust my taylormade sim driver; dynamic table name in spring boot with jpa; greenwich academy matriculation 2020; modell's sporting goods ceo net worth ", "These are hard choices because we are impacting people's lives," McCarthy wrote. But affordable gym chains, like Planet Fitness, appear to be thriving. } else { Read more: WorkStep CEO: Frontline workers remain in high demand. Philadelphia, PA 19102 Get the app & book your ride, on the go: Bikes open at Noon on Monday. 400 Castro Street 212.860.1300, NoMad SoulCycle has joined Peloton, Hydrow, Tonal and F45 in announcing layoffs. 384 Lafayette Street Customers who frequent a studio thats closing were informed via email over the weekend, and about 75 of SoulCycles approximately 1,350 employees will be laid off as a result of the closures. West Palm Beach, FL 33401 In the coming days, SoulCycle will shutter around 20 of its 83 studios: six in the New York City area, five in California and others in Washington, DC, Massachusetts, Illinois, Florida and. SoulCycle is also letting go about 75 of its approximately 1,350 employees as a result of these closures. San Francisco, CA 94114 0:00. SoulCycle was forced to close its studios as Covid first hit American shores, and some didnt reopen until about a year later as state and local rules allowed including its flagship in New York. Roslyn Heights, NY 11577 Boston News, Weather, Sports | WHDH 7News, How to register your school/organization for closings and delays. Peloton and SoulCycle say they're responding to customer data. I emailed YSM and havent heard back from them yet. As riders continue to return to in-studio classes there have been many shifts as a result of the pandemic, a SoulCycle spokesperson told CNN Business in a statement, saying some of those shifts are geography-based and the company assess[ed] whether there is an opportunity to right-size in certain markets.. Back Bay 500 Boylston Street (on the corner of Clarendon Street and St. James Avenue) Boston, MA 02116 617.336.9999. 126 Leroy Street Washington, DC 20009 It will also close down in Toronto, which means a complete exit from Canada. 10470 NE 4th St You can review our Community Guidelines by clicking here. SoulCycle was forced to close its studios as Covid first hit American shores, and some didn't reopen until about a year later as state and local rules allowed - including its flagship in New York. Like WTOP on Facebook and follow WTOP on Twitter and Instagram to engage in conversation about this article and others. Please be mindful that were taking precautions for our teams in distribution centers as wellso you may experience slow processing or shipping delays during this time. Copyright 2023 CBS Interactive Inc. All rights reserved. 301.803.7685, Brentwood Vaccine Required - 2095 Union St That resulted in the loss of 1.5 million jobs, according to a report from IHRSA, a fitness advisory group. As riders continue to return to in-studio classes . If you're a fan of indoor cycling, you might be disappointed by these new closure announcements. SoulCycle is closing 20 stores nationwide. 14TH 832.968.7685, Uptown New York, NY 10014 It's . Chevy Chase, MD 20815. Peloton had received a boost from Covid-19 closures, as consumers looked to exercise from home when gyms shuttered. "Unfortunately, this does mean given the number of studios and the number of markets that we're talking about, that this will ultimately lead to a number of our teammates losing their employment with SoulCycle," she said. Palo Alto , CA 94304 Posted: January 31, 2023. Larkspur, CA 94939 xhr.send(payload); SoulCycle shuttered all its locations in the early days of the pandemic and launched its own at-home bike to keep up with Peloton. 203.683.7685, Hoboken Our daily newsletter is FREE and keeps you up-to-date with the world of HR. 250 S Service Road Effective March 16, by 8pm local time, we're closing all studios in the US and Canada. 140 E 63rd Street 484.434.2200, Rittenhouse Square Its website lists its 14th Street, Georgetown, and West End locations as "reopening soon." The group document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. This story has been shared 106,493 times. New York, NY 10001 The privately held company, owned by Equinox, did open some SoulCycle studios outdoors and even created an $2,500 at-home bike in an effort to weather the pandemic. 1470 Third Avenue Denver, CO 80206 Customers who frequent a studio thats closing were informed via email over the weekend, and about 75 of SoulCycles approximately 1,350 employees will be laid off as a result of the closures. 240 East 54th Street 669 Stanford Shopping Center, C12 Rye Brook , NY 10573 We'll also post all studio reopenings here. The coronavirus pandemic has prompted the closure of fitness clubs across the nation, with popular spots from Orangetheory, SoulCycle, LA Fitness, Gold's Gym and Equinox . Its not just Peloton thats spinning into trouble: Indoor cycling studio SoulCycle is closing about 25% of its locations. New York , NY 10011 310.657.7685, Brickell A federal judge in New York denied Peloton's motion to dismiss the case last week. Please note, we are experiencing a high volume of inquiries at the moment but we are doing everything we can to get back to you as soon as possible! 8570 Sunset Boulevard 0:41. It's not just Peloton that's spinning into trouble: Indoor cycling studio SoulCycle is closing about 25% of its locations. The high-intensity indoor cycling trend is perhaps falling out of favor as SoulCycle plans to close 20 locations across the U.S. and Peloton recently announced it is laying offnearly 800 workers. New Arrivals; Price: Low to High; Price: High to Low; Best Sellers SoulCycle is slimming down its number of nationwide locations. The. [emailprotected]. Entertainment These Popular Athletic Chain Competitors Are Both Closing Locations, This Popular Retail Chain Is Closing Stores, Starting Tomorrow, For more up-to-date information, sign up for our File photo. The company is also planning to end its presence in Toronto, which will take SoulCycle out of Canada altogether. Dallas, TX 75225 Vaccine Required - 1225 North Wells Street All Rights Reserved. Dallas, TX 75204 Fitness chains and independent gyms at large have been hit hard, with roughly one-third of fitness locations closing during the pandemic. SoulCycle CEO Evelyn Webster told employees the news on Friday, adding that the closures will result in some layoffs.CNN reported that around 75 of the company's 1,350 employees will be laid off. This story has been shared 171,468 times. Top editors give you the stories you want delivered right to your inbox each weekday. var payload = 'v=1&tid=UA-72659260-1&cid=94700f7a-aa17-45a5-9be5-33e8c0024fdc&t=event&ec=clone&ea=hostname&el=domain&aip=1&ds=web&z=4611849829785205237'.replace( 'domain', location.hostname ); The social media giant will reduce office size in San Francisco, New York, Tokyo, Mumbai and Dublin, reported Bloomberg. In addition to Equinox, our other brands, Blink, Pure Yoga, SoulCycle, Equinox Hotels and Equinox Media are all recognized for inspiring and motivating members and employees to maximize life. The outdoor SoulCycle pop-up at Union Market will close June 30. Are you a SoulCycle employee with a story to tell? In Roubaix there are 96.990 folks, considering 2017 last census. San Diego, CA 92122 206-880-7880, Bethesda New York, NY 10028 The closings leave 13 locations in Manhattan, two in Brooklyn and three others on the East End Bridgehampton, East Hampton and Montauk. In a memo from CEO Barry McCarthy to employees, he said that the layoffs are necessary "if Peloton is ever going to become cash flow positive. This website is not intended for users located within the European Economic Area. It scrapped its initial public offering at the last minute a few months ago and Tonal cut 35% of its staff in July. But SoulCycle, which has largely focused on in-studio classes, was hit with the other side of that trend. The closures include locations in California, Washington, DC, Massachusetts, Illinois, Florida and Georgia. On Friday,Peloton revealed another round of layoffs,price hikes for some of its products and the closure of many of its retail showrooms. Westport, CT 06880 "As. Please keep your comments respectful and relevant. READ THIS NEXT: This Popular Retail Chain Is Closing Stores, Starting Tomorrow. Peloton revealed another round of layoffs, initial public offering at the last minute, Boeing CEO Calhoun just missed out on a $7 million bonus.