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Sports Direct in talks to enter health club market
POSTED 14 May 2014 . BY Jak Phillips
It has reportedly been a long-held goal of Sports Direct founder Mike Ashley to enter the health club market
Sports Direct International – the company founded by Newcastle United owner Mike Ashley – is considering a high-profile arrival in the health clubs sector with the acquisition of up to 33 LA fitness sites, according to reports.

Sports Direct confirmed to Reuters it was in talks over the move, which if successful, would see it follow retail rivals JD Sports into the gym market. The latter launched its first club at a former Fitness First site in Hull earlier this year.

Leases for the 33 sites were put up for sale by LA fitness in March as part of company voluntary arrangements (CVA) as part of a restructuring plan to reduce debt. It is not yet known how the sites would be branded or operated under any deal with Sports Direct.

Sources quoted in the national press claim Ashley has offered a parent company guarantee to LA fitness landlords in order to secure the sites, with a deal reportedly imminent.

Health Club Management understands that negotiations have been ongoing for some time and that a meeting took place yesterday among Sports Direct’s senior management.

The group recently recruited former DW Sports and Fitness CEO Winston Higham to become head of leisure at Sports Direct – a move widely viewed as a precursor to an assault on the health club market.

Sports Direct is also said to be attracted by the potential for synergy between gyms and the company’s existing operations. Sports Direct has over 600 sports stores in Europe, including 400 in the UK and also owns sports brands such as Dunlop, Everlast and Slazenger.
RELATED STORIES
  Exclusive: Sports Direct targets up to 30 health club openings in coming weeks


Having launched the first Sports Direct Fitness.com gym earlier this week, the newest entrant to the health club industry is aiming to make an instant impact by opening up to 30 sites over the next couple of weeks.
  Sports Direct shares shrink despite punchy profits


The latest high-profile entrant to the health and fitness industry had analysts scratching their heads on Thursday (17 July), as shares in Sports Direct dropped more than three per cent in the hours after the company reported “record” figures.
  Sports Direct to reportedly launch in-store gyms


Following the news that JD Sports plans to incorporate a JD Gym into its major Newcastle store, retail and health club rival Sports Direct is eager to not be outdone and will reportedly also incorporate branded gyms above three new stores.
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NEWS
Sports Direct in talks to enter health club market
POSTED 14 May 2014 . BY Jak Phillips
It has reportedly been a long-held goal of Sports Direct founder Mike Ashley to enter the health club market
Sports Direct International – the company founded by Newcastle United owner Mike Ashley – is considering a high-profile arrival in the health clubs sector with the acquisition of up to 33 LA fitness sites, according to reports.

Sports Direct confirmed to Reuters it was in talks over the move, which if successful, would see it follow retail rivals JD Sports into the gym market. The latter launched its first club at a former Fitness First site in Hull earlier this year.

Leases for the 33 sites were put up for sale by LA fitness in March as part of company voluntary arrangements (CVA) as part of a restructuring plan to reduce debt. It is not yet known how the sites would be branded or operated under any deal with Sports Direct.

Sources quoted in the national press claim Ashley has offered a parent company guarantee to LA fitness landlords in order to secure the sites, with a deal reportedly imminent.

Health Club Management understands that negotiations have been ongoing for some time and that a meeting took place yesterday among Sports Direct’s senior management.

The group recently recruited former DW Sports and Fitness CEO Winston Higham to become head of leisure at Sports Direct – a move widely viewed as a precursor to an assault on the health club market.

Sports Direct is also said to be attracted by the potential for synergy between gyms and the company’s existing operations. Sports Direct has over 600 sports stores in Europe, including 400 in the UK and also owns sports brands such as Dunlop, Everlast and Slazenger.
RELATED STORIES
Exclusive: Sports Direct targets up to 30 health club openings in coming weeks


Having launched the first Sports Direct Fitness.com gym earlier this week, the newest entrant to the health club industry is aiming to make an instant impact by opening up to 30 sites over the next couple of weeks.
Sports Direct shares shrink despite punchy profits


The latest high-profile entrant to the health and fitness industry had analysts scratching their heads on Thursday (17 July), as shares in Sports Direct dropped more than three per cent in the hours after the company reported “record” figures.
Sports Direct to reportedly launch in-store gyms


Following the news that JD Sports plans to incorporate a JD Gym into its major Newcastle store, retail and health club rival Sports Direct is eager to not be outdone and will reportedly also incorporate branded gyms above three new stores.
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Researchers find that 90-120 minutes of strength training a week has longevity benefits
According to research which tracked more than 147,000 people for 30 years, 90-120 minutes of strength training a week may deliver some of the biggest long-term health rewards.
Everlast pushes internationally with Dublin site
Everlast Gyms expands its footprint outside of the UK this month with the imminent launch of a club in Dublin.
UK updates physical activity guidelines with focus on daily movement
The UK's four Chief Medical Officers have published a refreshed edition of Physical activity guidelines: UK Chief Medical Officers' report, updating the evidence that underpins the nation's physical activity recommendations and placing greater emphasis on strength, balance, reducing sedentary behaviour and, for the first time, supporting people taking weight loss medications.
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