Life Time Group Holdings Inc
Gen Z and millennials embrace health and wellness. These stocks could benefit
Americans are embracing health and wellness — and none more than Gen Z and millennials. People are spending more than $500 billion in the United States on wellness, and it is growing at 4% to 5% each year, according to McKinsey . Nearly 30% of Gen Zers and millennials said they are prioritizing wellness “a […]
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Oppenheimer’s best stock picks heading into April
Oppenheimer’s research group has a fresh list of top stock ideas that it expects to outperform over the coming year based on each company’s fundamentals and “in the context of current market conditions.” It’s getting harder for investors to find upward momentum as stocks pull back amid trade and tariff tensions, recession fears and a […]
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This gym stock is a buy because of the breakout popularity of pickleball, says Bank of America
The explosive rise of pickleball has at least one major beneficiary: Life Time Group Holdings . According to Bank of America analyst Alexander Perry, the upscale fitness and lifestyle company is set to reap the rewards of the continued surge in popularity of pickleball , a sport which exploded during the Covid lockdown and has […]
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Life Time is creating its own pickleball as the sport booms
Life Time has filed a patent to create The Ultimate Pickleball. Courtesy: Life Time Tired of playing with pickleballs he found inconsistent in bounce and durability, Life Time‘s founder and CEO Bahram Akradi decided to take matters into his own hands. On Friday, the upscale fitness and lifestyle company announced it has created what it […]
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It’s not your imagination. Pickleball courts are everywhere
People play pickleball at Central Park on April 8, 2023 in New York City. Wang Fan | China News Service | Getty Images America’s fastest-growing sport is also rapidly growing its footprint. Over the past seven years, the number of outdoor public park pickleball courts in major cities has skyrocketed 650%, according to a new […]
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Behind America’s divided economy: Booming luxury travel and a jump in ‘relief’ loans
At American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending firm Upstart, there’s a strong interest in microloans as cash-strapped Americans try to scrape by. That juxtaposition underscores the growing picture of bifurcation among income brackets in America. And adds to an increasingly popular view […]
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Planet Fitness is raising prices even as it warns customers are growing cost-conscious
People work out at a Planet Fitness in Alexandria, Virginia, Jan. 8, 2024. Leah Millis | Reuters Planet Fitness said it’s hiking its base-level membership prices for new customers for the first time since 1998, even as the gym operator warns that customers are growing increasingly cost-conscious. Classic card membership will be priced at $15 […]
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Fitness startup that Peloton once tried to buy is growing as the pandemic darling shrinks
Connected fitness company Hydrow, which Peloton once tried to buy, is growing sales and has acquired a majority stake in strength training company Speede Fitness as gymgoers move away from cardio exercises in favor of weights, the company told CNBC on Thursday. Hydrow also announced that its CEO and founder Bruce Smith will step back […]
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Life Time fitness leans into pickleball with Lululemon partnership, new courts and more
Ben Johns and Anna Bright play pickleball at the new Life Time at Penn 1 next to Madison Square Garden in New York City on May 4, 2024. Mike Stobe | Getty Images Life Time fitness is all in on pickleball. That commitment to America’s fastest-growing sport was clear in New York City on Saturday, […]
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Life Time stock plummets as company spends more on premium fitness experience
A Life Time Group Holdings sign at the New York Stock Exchange on Oct. 7, 2021. Source: NYSE Life Time Group shares plummeted 15% Wednesday after the company’s third-quarter results revealed higher spending to boost the premium member experience. The cost of running its fitness centers, including new and ramping locations, rose 8.2% year over […]
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