24-Hour Fitness Declares Bankruptcy

Yet another casualty of the COVID-19 crisis was witnessed on Monday, with 24-Hour Fitness filing for Chapter 11 bankruptcy protection. Their anticipated closing of 130+ gyms may only be the beginning – as Danielle Wallace reports for Fox Business, “Experts expect a dramatic shift in the U.S. fitness industry even after coronavirus restrictions are lifted, as many Americans have become accustomed to at-home, online workout options since gyms remained shuttered for months under stay-at-home orders.”

Is this just the beginning?