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COVID-19 & The Great Fitness Equipment Shortage Of 2020

The big picture: The gym and exercise equipment manufacturing industry generated $2B in revenue in 2019. Of that, 65% of our exercise equipment comes from foundries in China. As COVID-19 took hold, the supply chain was disrupted, creating shortages. Takeaway: Beyond fitness equipment, the current pandemic is forcing the US to reconsider its

Actived: Thursday Jan 1, 1970

Detail: https://insider.fitt.co/fitness-dumbbell-kettlebell-shortage/

Issue No. 105: The Next Mainstream Wearable | Fitt Insider

Posted: (52 years ago) Nov 17, 2020  · Issue No. 105: The Next Mainstream Wearable. Courtney Powell. This morning, Levels Health announced $12M in seed investment led by a16z, one of Silicon Valley’s top venture capital firms. What it is: Combining a continuous glucose monitor (CGM) with intelligent software, Levels allows users to track blood glucose in real time.

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Fitt Insider: The Connected Fitness Report

Posted: (52 years ago) Aug 18, 2019  · The Connected Fitness Report. For years, the at-home fitness space was devoid of innovation — a treadmill was a treadmill. The problem, of course, was that your cardio machine quickly turned into a drying rack. Then in 2012, Peloton turned the direct-to-consumer fitness market upside-down. In the time since, as Peloton pulled ahead, a growing ...

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COVID-19: The Shift From Gyms to Streaming Fitness Apps in ...

Posted: (52 years ago) While tracking the effect of COVID-19 on the fitness industry, we began compiling key data points to better understand the fallout.. From gyms and studios to at-home and on-demand options, consumer behavior—and an entire industry—has shifted almost overnight. The following charts help to explain that shift, providing context on the broader impact.

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Fitness and Wellness Investments | Fitt Insider

Posted: (52 years ago) What We Do. We invest in early-stage companies across health & fitness. Taking lessons learned as operators in the industry, we partner with ambitious founders who are redefining every aspect of well-being. We also serve as advisors to Courtside Ventures, evaluating investment opportunities and providing insights on the business of fitness.

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About | Fitt Insider

Posted: (52 years ago) Hi! We’re Anthony and Joe Vennare. Brothers, founders, and the team behind Fitt Insider, we’ve spent more than a decade building companies in the fitness space. From starting and selling a brick-and-mortar business to developing educational content and scaling a technology startup, we have deep operational experience in this industry.

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Newsletter | Fitt Insider

Posted: (52 years ago) Dec 17, 2019  · The future of fitness looks more like a game. Beyond working out for the sake of training or competition, technology has the potential to engage …

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Fitt Insider | The Business of Fitness and Wellness

Posted: (52 years ago) Fitt Insider is a curated look at the news and ideas redefining the fitness and wellness industries.

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Issue No. 103: What is Community Anyway? | Fitt Insider

Posted: (52 years ago) Nov 03, 2020  · Community: a unified body of individuals, such as the people with common interests living in a particular area. ( Merriam-Webster) Derived from one’s literal place in the world, neighborhoods, churches, universities, and countries of origin defined us. But in recent decades, something changed.

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The Numbers Behind The Boutique Fitness Boom | Fitt Insider

Posted: (52 years ago) The Boutique Boom. Equinox Holdings, Inc. Combing luxury health clubs with a collection of boutique fitness studios, Equinox Holdings is a force in the fitness industry. With an estimated $1.3B in revenue in 2017 across its collection of brands—including Equinox, SoulCycle, Blink Fitness, and Pure Yoga—Equinox has become synonymous with a bespoke fitness experience defined by brand, luxury ...

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How Coronavirus is Impacting the Fitness & Wellness Industry

Posted: (52 years ago)

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Move Over Millennials: Gen Z Is The New Wellness Consumer

Posted: (52 years ago) Born between 1997 and 2001, Gen Z is currently the largest generation in America, comprising 40% of all US consumers by 2020. More importantly, though, Gen Z is estimated to wield $143B in spending power while influencing another $300B of indirect spending in the US alone.

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#61 Startup Spotlight: Lola Priego, Founder of Base | Fitt ...

Posted: (52 years ago) Dec 15, 2020  · Lola is the founder of Base — where they’re using at-home blood testing to improve diet, stress, sleep, and brain fog. In this episode, we talk about putting health in the consumer’s hands, targeting potential customers beyond the realm of biohackers, and how Lola was able to raise $3.5M with a team of only five employees as a first-time ...

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Issue No. 113: The Next Billion-Dollar Wearable | Fitt Insider

Posted: (52 years ago) Jan 12, 2021  · Issue No. 113: The Next Billion-Dollar Wearable. Courtney Powell. In the midst of a pandemic, Oura saw sales of its health-tracking smart ring skyrocket. Accelerating into 2021, we’d be surprised if the company didn’t announce a new funding round in the first part of the year.

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Issue No. 133: The Outdoor Economy | Fitt Insider

Posted: (52 years ago) Jun 01, 2021  · Issue No. 133: The Outdoor Economy. Courtney Powell. Bolstered by pandemic tailwinds, there’s a growing opportunity in the great outdoors. The US outdoor recreation economy hit $788B in 2019. 15 national parks set visitation records last year. 10.1M new households camped for …

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Issue No. 130: The New Guard | Fitt Insider

Posted: (52 years ago) May 11, 2021  · Athletes, celebrities, and entertainers are increasingly investing in health and fitness companies. Coming full circle, celebrity fitness instructors and wellness influencers are becoming highly sought-after investors and founders in their own right. Ultimately, in the battle for instructor talent, user growth, and retention, the new guard is a force to be reckoned with.

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#68 Startup Spotlight: Wilfred Valenta, CEO of Silofit ...

Posted: (52 years ago) Feb 02, 2021  · Wilfred is the CEO & Co-founder of Silofit, a platform for fitness and wellness professionals to run their physical and digital business completely from end to end. The company offers private workout space at 40% less compared to standard gyms, an app to help sell content and find leads, and supporting education and certification. Silofit is ...

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Podcast | Fitt Insider

Posted: (52 years ago) Dec 19, 2019  · Fitt Insider Weekly Letter. Every Tuesday, we’ll send you an email filled with curated insights on the industry’s most important news.

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Issue No. 110: The SPACs are coming | Fitt Insider

Posted: (52 years ago) Dec 22, 2020  · Issue No. 110: The SPACs are coming. Courtney Powell. If you follow the stock market or financial dealings, you’ve probably heard about the recent SPAC boom. So far, the health and fitness sector has been relatively unaffected. But behind the scenes, industry dealmakers are …

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#64: Avrum Elmakis, CEO of CLMBR | Fitt Insider

Posted: (52 years ago) Jan 05, 2021  · Avrum Elmakis is the co-founder and Chief Executive Officer at CLMBR. A serial entrepreneur, Avrum has founded and sold many successful businesses, and won EY Entrepreneur of the Year in 2013. At CLMBR, he is responsible for leading a team of design, fitness and tech visionaries in creating the world’s most advanced climbing machine.

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Essential Reading: 12 Key Trends Worth Revisiting | Fitt ...

Posted: (52 years ago) Essential Reading: 12 Key Trends Worth Revisiting. Every Tuesday, we publish a newsletter exploring the trends impacting the business of fitness and wellness. We also release a weekly podcast featuring interviews with industry-leading founders, investors, and CEOs. If you’re new to Fitt Insider or just want to revisit key topics, here’s ...

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DTC Startups: The Direct-to-Consumer Healthcare Report

Posted: (52 years ago) Sep 15, 2019  · The DTC Healthcare Report. September 15, 2019. A new generation of startups is disrupting healthcare, seizing a trillion-dollar market in the process. From new-age clinics and mobile apps to wearables and DTC medical testing, there’s a growing number of companies working to alleviate the numerous pain points associated with healthcare.

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Behind The Brand: An In-Depth Look At Ritual Vitamins

Posted: (52 years ago) Casper is a sleep company, not a mattress company. Glossier is a people-powered beauty ecosystem. And Ritual is in the business of you.. Like other standouts in the early-stage DTC cohort, Ritual built its brand around a lifestyle, and the company happens to manufacture the very product that enables that lifestyle — women’s multivitamins.

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Behind The Brand: Barry's Bootcamp Vs. Orangetheory Fitness

Posted: (52 years ago) Takeaway. Barry’s Bootcamp and Orangetheory Fitness are a study in two brands that amassed a cult-following in the HIIT bootcamp space in two totally different ways. Barry’s is an experience for the fitness enthusiast, the millennial consumer who wants their workout to come with a cool factor.

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The Fake Meat Startups Disrupting The Billion Dollar ...

Posted: (52 years ago) The Fake Meat Startups Disrupting The Global Meat Industry. Whether it’s health concerns associated with eating meat or the environmental impact of animal agriculture, more and more Americans are choosing to reduce meat consumption and seek out meat alternatives instead. In fact, a recent Nielsen Homescan survey found that 39% of Americans ...

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#70: Harpreet Singh Rai, CEO of Oura | Fitt Insider

Posted: (52 years ago) Feb 16, 2021  · Harpreet Singh Rai is the Chief Executive Officer of Oura and a member of its board. His purpose is to be part of a team that is committed to improving population-level health and wellbeing. Under his leadership, Oura has grown to a team of over 150 employees and has launched its generation 2 ring, shipping over 300,000 units to 98 different ...

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Issue No. 132: The ‘Shroom Boom | Fitt Insider

Posted: (52 years ago) May 25, 2021  · 💰 Money Moves. Ro acquired Modern Fertility, adding women’s health to its digital pharmacy/telehealth platform.Most recently valued at $5B, Ro is estimated to have paid more than $225M for Modern Fertility. More from Fitt Insider: Femtech 2.0 Noom, a habit-forming weight loss app, added $540M in new funding led by Silver Lake, valuing the company upwards of $3.7B.

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It's All About Community: The Bull Case For Boutique Fitness

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Equinox Announced Peloton Competitor Amid Trump Fundraiser ...

Posted: (52 years ago) Equinox is a luxury fitness company backed by The Related Companies (more on that later), whose portfolio of brands includes Equinox, PURE Yoga, Blink Fitness, and SoulCycle. Across all its brands, Equinox counts more than 200 locations that generated $1.3B in 2017 revenue. Although Peloton has assembled a strong talent pool, pointing to its ...

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The Connected Fitness Wars: Peloton, Mirror, Tonal, Hydrow ...

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Issue No. 94: Amazon’s Halo looks like Whoop | Fitt Insider

Posted: (52 years ago) Sep 01, 2020  · Issue No. 94: Amazon’s Halo looks like Whoop. Last week, Amazon introduced Halo, a wrist-worn health and fitness tracker. Along with a corresponding app and subscription service, the Halo wristband is Amazon’s most ambitious consumer health initiative to date. Sure, Halo is Amazon’s attempt to keep pace with Apple and Fitbit in the battle ...

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Are Plant-Based Meat Alternative The Future of Our Food ...

Posted: (52 years ago) Combined, A.T. Kearney predicts that by 2040, cultured meat will make up 35% of meat consumed worldwide, while plant-based alternatives will account for 25%. When it comes to plant-based meat alternatives, Beyond Meat and Impossible Foods are leading the charge. While the former is riding the wave of a successful IPO, the latter recently raked ...

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Will Coronavirus Change the Fitness Industry Forever?

Posted: (52 years ago) Usage is the highest in company history. Hydrow saw sales increased 3x recently. Usage is up more than 40%. FightCamp usage is at an all-time high and sales are up 6x. iFit’s digital subscription + connected equipment from NordicTrack and ProForm has seen a 200% increase in sales versus a year ago. Echelon’s sales are up 5x over average ...

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The Rise of The Fitness Creator | Fitt Insider

Posted: (52 years ago) The US personal training industry is valued at $10B. There are an estimated 370K fitness instructors and trainers in the US. The median income for a fitness professional is $40,390 annually or $19.42/hour. Across the industry, trainers are often employed as independent contractors. In the group setting, instructors are paid per class.

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Issue No. 125: Smart Strength | Fitt Insider

Posted: (52 years ago) Apr 06, 2021  · Issue No. 125: Smart Strength. Courtney Powell. Going beyond cardio equipment and boutique-style classes, strength training is the next frontier of connected fitness. In the news: Last week, Tonal raised $250M in Series E funding, valuing the company at $1.6B. Giving chase, Tempo is reportedly finalizing an investment of more than $100M from ...

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The Vegan And Vegetarian Market Will Be Worth $5 Billion ...

Posted: (52 years ago) The Vegan And Vegetarian Market Will Be Worth $5 Billion By 2020. Thanks in part to the internet, veganism is currently having its moment. From documentaries like Cowspiracy and Forks Over Knives to news about vegans protesting meat-serving restaurants to celebrities like Brad Pitt and Beyoncé touting the benefits, it seems like everyone’s ...

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Insider No. 47: What’s Next in Mindfulness? | Fitt Insider

Posted: (52 years ago) Sep 24, 2019  · The US meditation industry is now worth $1B, according to IBISWorld. By 2024, the alternative healthcare industry—including meditation, acupuncture, breathing exercises, yoga and tai chi, and chiropractic services—will be worth $19.9B. Meditation and mindfulness are the fastest-growing health trends in America, with nearly 40% of people ...

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Issue No. 122: Unbundling the Gym | Fitt Insider

Posted: (52 years ago) Mar 16, 2021  · Issue No. 122: Unbundling the Gym. Courtney Powell. Accelerated by the pandemic, the gym is being unbundled. From connected equipment and digital communities to remote coaching, the business of fitness has been transformed. The result? Gyms and studios will no longer be the hub of a fitness seeker’s universe.

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Behind The Brand: An In-Depth Look At Daily Harvest

Posted: (52 years ago) Founded in 2015, Daily Harvest is a subscription-based DTC food brand offering frozen smoothies, grain bowls, soups, snacks, and more. By building a strong brand and engaged following, Daily Harvest has amassed a loyal and growing customer base. Here’s how they’re doing it.

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Issue No. 123: Connected Mindfulness | Fitt Insider

Posted: (52 years ago) Mar 23, 2021  · Issue No. 123: Connected Mindfulness. Courtney Powell. Thanks to gamified meditation, mindfulness has gone mainstream. But smartphone apps were just the beginning. From stress trackers and brain trainers to VR experiences, a new wave of innovation promises to unlock awareness and improve productivity. Elsewhere, high-tech, evidence-based ...

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Issue No. 120: WFH Wellness | Fitt Insider

Posted: (52 years ago) Mar 02, 2021  · Pre-COVID, 4% of US employees worked from home full time. In 2021, one in four Americans will be working remotely. Hoping to ease the transition, employers are upping their wellness budgets. According to the NYT, last year, the average budget for well-being programs jumped up nearly 40% from 2019, reaching $4.9M.

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The High-Performance Lifestyle, an Emerging Fitness ...

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What's Next For The Meditation Startups and The ...

Posted: (52 years ago) The US meditation industry is now worth $1B. By 2027, the global alternative healthcare industry—including meditation, acupuncture, breathing exercises, yoga and tai chi, and chiropractic services—will be worth $296.3B. Meditation and mindfulness are the fastest-growing health trends in America, with nearly 40% of people reporting weekly ...

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Issue No. 121: The Quantified Athlete | Fitt Insider

Posted: (52 years ago) Mar 09, 2021  · Issue No. 121: The Quantified Athlete. Courtney Powell. Technology is transforming sports, ushering in a new era of the quantified athlete. But the pursuit of high performance is just the beginning. From injury prevention and in-game insights to fan engagement and sports betting, data is an instrument of optimization, a source of entertainment ...

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#24: Aly Orady, CEO of Tonal | Fitt Insider

Posted: (52 years ago) Mar 31, 2020  · Aly Orady is the CEO and Founder of Tonal, the world’s most intelligent fitness system and the first truly personalized approach to strength training. A 20-year silicon valley veteran, engineer and serial entrepreneur, Orady started his career at Hewlett-Packard’s Computer Systems Laboratory designing super-computers, followed by technical ...

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#17: Ally Davidson, co-founder & co-CEO of Camp Gladiator ...

Posted: (52 years ago) Feb 11, 2020  · Listen on Apple Spotify. On this week’s show, Joe Vennare spoke with Ally Davidson — the co-founder and co-CEO of Camp Gladiator. Ally and Camp Gladiator have used technology to scale to 4,000 locations nationwide with 1,000 trainers and 100,000 members. If you’re not familiar, Camp Gladiator hosts bootcamp-style classes at under-utilized ...

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#80: Saeju Jeong, co-founder and CEO of Noom | Fitt Insider

Posted: (52 years ago) Apr 27, 2021  · Noom is a psychology-based digital health platform. In this episode, we discuss Noom’s 14-year history. Saeju shares his journey, from South Korea to founding and scaling a digital health startup. We explore the product’s many iterations, including fitness, healthcare, and weight management. And Saeju explains why he is so passionate about helping people live healthier lives.

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