You may visit 24hourfitness.com to locate your local club. 3:30 p.m. | Complaints were filed this week seeking class action lawsuits against LA Fitness, Irvine, California, and 24 Hour Fitness, San Ramon, California. The Wall Street Journalreports that Regals owner, Cineworld Group PLC secured a $450 million loan to stay afloat through at least early 2021. Although its business is expected to recover as malls re-opened and shoppers return, there is still a concern about the decline in mall traffic long-term. Call us at 844-762-6204, M-F 8am to 5pm pacific for questions specific to gift cards, distributions, or claims. How Modern Manufacturing Plants Can Protect Against Ransomware, FTC Will Host May 23, 2023, Workshop on Recyclable Claims and the Appellate Court Affirmed An Order Denying A Beneficiarys Request For An Overview of Why Class Action Privacy Lawsuits May Have Just Gotten Gold Dome Report Legislative Day 26 (2023). LA Fitness. 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Unless online sales can offset in-store losses, the company appears on the verge of filing. Published: 05:50 EST, 8 March 2014 | Updated: 05:50 EST . Desperate Times, Desperate Measuring Cups FTC Brings Enforcement Trending in Telehealth: February 20 26, 2023, IRS Sets Deadline For Using 401(K) Plan Forfeitures, How Generative AI Generates Legal Issues in the Games Industry, DOJ Announces New Nationwide Voluntary Self-Disclosure Policy. The Motely Foolreports that the operator of Victorias Secret and Bath & Body Works have a mixed bag during the pandemic. Bankruptcies are way down during the pandemic. Here's why How to File a Lawsuit Against LA Fitness. The rise in streaming services, slow return of consumers to theaters, as well as a significant portion of their current debt being nonconvertible are all signs that there is a high likelihood of a bankruptcy filing to restructure the debt. A growing number of fitness and sporting goods companies are filing for bankruptcy, as the coronavirus pandemic continues to upend the entire retail industry. You need a Statista Account for unlimited access. (if applicable) for The Wall Street Journal. Topics covered: retail tech, e-commerce, in-store operations, marketing, and more. 24 Hour Fitness Bankruptcy: Which Gyms Are Closing? [FULL LIST] - Heavy.com Here are all the companies that went bankrupt during the COVID pandemic US corporate bankruptcies likely to end 2021 with a whimper as filings Breaking the Link New Developments on U.S. Expanding Regulatory Reach over Intermediaries That May Constitute How to Value Digital Assets for Donation to Charity. U.S. Fitness Industry Revenue Dropped 58% in 2020 | IHRSA Legislative Package Includes Bills to Advance Biofuels Research, PTO to Begin Issuing Electronic Patent Grants, OSHA to Expand the Use of Instance-by-Instance Penalties. 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According toCNN, the company continues to close stores due to little foot traffic closing 400 to 450 stores by the end of this year of its more than 5,000 stores globally. As a Premium user you get access to the detailed source references and background information about this statistic. La Jolla, CA 92037; 641 S. Rancho Sante Fe Road, San Marcos, CA 92078; 324 Sycamore Avenue, Vista, CA 92083; According to New Generation Research, Inc.'s BankruptcyData.com, there were 6,691 commercial bankruptcy filings in 2021, compared to 11,375 in 2020 and 10,056 in 2019. The companys lenders hired PJT Partners Inc. in August in anticipation of talks on a possible restructuring or to secure additional financing. Have buyer habits changed for good due to the Pandemic? EXPOSED: Does a New NCLC Ex Parte Filing Expose Their True Agenda to Little Weight Given to Conclusory Expert Declaration That Repeats IPR Department of Homeland Security Provides Information Related to EB-5 PTAB: Vidal Refocuses Guidance On Fintiv Factors And Discretionary Aluminum Is Now A Hot Topic In Supply Chain And Trade. Still, many think that the company has too many stores. Bloombergnoted in February 2021 that the company reached a deal that released it from a limited guarantee of SoulCycles $265 million credit facility with lender HPS Investment Partners. Topics covered: supply chain and logistics, sourcing, real estate, merchandising, and more. These are the seven fitness and sporting goods companies that have filed for bankruptcy so far in 2020. Topics covered: e-commerce, payment technology, IT, in-store tech, cyber security, and more. Michigan PFAS Challenge Arguments Briefed For The Court. Shutterstock. Still, with appeal suffering, it would not be a surprise if the company were to file. The Future of Stablecoins, Crypto Staking and Custody of Digital White House Climate and Environmental Justice Screening Tool. After reaching a four-year high in 2018, the volume of heath care and medical industry bankruptcy filings in the United States continues to be significant. The acquisition of Paper Source was meant to create synergies between the two. You may cancel your subscription at anytime by calling Words With Friends, Part 1: Insurance Requirements and Contracts, Legislator Proposes To Expand CFL To Encompass "Commercial CERCLA PFAS Scope May Broaden To Many More PFAS, AI Avatar App is the Latest Target of BIPA Class Action Litigation. Here's a list of the fitness and sporting goods companies that have filed for bankruptcy in 2020. LA Fitness's primary competitors include Planet Fitness, Anytime Fitness, 24 Hour Fitness and 17 more. One retailer listed at the top of the list for this year is The Childrens Place. The National Law Review is not a law firm nor is www.NatLawReview.com intended to be a referral service for attorneys and/or other professionals. By Rupert Steiner for the Daily Mail. A November, 2021 article from Sports-Net.org, . LA Fitness is a gym chain offering memberships to customers. Learn more about how Statista can support your business. By the end of 2020, corporate bankruptcies in the U.S. hit a 10-year high. Attorney Advertising Notice: Prior results do not guarantee a similar outcome. 01 of 20. Popular Searches. A bankruptcy seems inevitable. Still, as states and municipalities continue to restrict activities, the gym operations are in flux. Two Days Mattered Most. 2021 hasn't been as bad thanks to an economic recovery built on the back of stepped-up vaccinations - the 183 filings . LA Fitness Employee Lawsuit - Law City Following is our top retailers to watch for possible Chapter 11 filing(s) in the year ahead: including Barnes & Noble, AMC, Regal Theaters, Francescas, LA Fitness, Bed, Bath & Beyond, Party City .