Thursday, August 23, 2018

Planet Fitness Sees Opportunity In Retail Vacancies

bisnow.com
Even as some retail businesses shutter their doors, other brands see expansion in their future in some of the spaces left vacant. Planet Fitness, for one, is ramping up its growth, and many of its new locations are likely to occupy recent vacancies — and help replace missing anchors and drive traffic.

Between 2013 and 2017, the company added an average of 187 new locations each year. Since Planet Fitness was founded in the early 1990s, it has only closed 22 sites. According to Planet Fitness Chief Financial Officer Dorvin Lively, many of the brand's new locations will be in shopping centers.. . . more