What significant action did 24 Hour Fitness take regarding its gyms?
24 Hour Fitness Files For Bankruptcy
Interactive Video
•
Business
•
University
•
Hard
Quizizz Content
FREE Resource
24 Hour Fitness announced the closure of about 130 gyms and filed for Chapter 11 bankruptcy to restructure its debt and cut costs. The company secured $250 million in funding to reopen some locations after COVID-19 forced closures. CEO Tony Uber stated that the pandemic's impact necessitated the filing. Other gyms like Gold's Gym also faced bankruptcy, with many middle-tier gyms struggling even before the pandemic. Consumers are shifting towards more affordable fitness options and home workouts, with Peloton seeing a significant revenue increase.
Read more
5 questions
Show all answers
1.
OPEN ENDED QUESTION
3 mins • 1 pt
Evaluate responses using AI:
OFF
2.
OPEN ENDED QUESTION
3 mins • 1 pt
What financial protection did 24 Hour Fitness file for, and what does it imply?
Evaluate responses using AI:
OFF
3.
OPEN ENDED QUESTION
3 mins • 1 pt
How much funding did 24 Hour Fitness secure to help reopen its locations?
Evaluate responses using AI:
OFF
4.
OPEN ENDED QUESTION
3 mins • 1 pt
What impact did COVID-19 have on 24 Hour Fitness's decision to file for Chapter 11?
Evaluate responses using AI:
OFF
5.
OPEN ENDED QUESTION
3 mins • 1 pt
What alternatives are people considering for fitness during the pandemic?
Evaluate responses using AI:
OFF
Similar Resources on Wayground
6 questions
How fit is the fitness industry?
Interactive video
•
University
4 questions
Planet Fitness CEO Says Members Eager to Return to Gyms
Interactive video
•
University
8 questions
How Planet Fitness Worked Out Covid-19 Changes
Interactive video
•
University
3 questions
Classpass Demand Is Robust Amid Covid Pandemic, Says CEO
Interactive video
•
University
2 questions
What's The Risk Of Attending A Group Workout Class?
Interactive video
•
University
6 questions
James Haskell boards orange tank at Parliament in campaign for gyms to stay open
Interactive video
•
University
6 questions
24 Hour Fitness Files For Bankruptcy
Interactive video
•
University
6 questions
Orangetheory Fitness CEO Says Members Want Flexibility as Gyms Reopen
Interactive video
•
University
Popular Resources on Wayground
25 questions
Equations of Circles
Quiz
•
10th - 11th Grade
30 questions
Week 5 Memory Builder 1 (Multiplication and Division Facts)
Quiz
•
9th Grade
33 questions
Unit 3 Summative - Summer School: Immune System
Quiz
•
10th Grade
10 questions
Writing and Identifying Ratios Practice
Quiz
•
5th - 6th Grade
36 questions
Prime and Composite Numbers
Quiz
•
5th Grade
14 questions
Exterior and Interior angles of Polygons
Quiz
•
8th Grade
37 questions
Camp Re-cap Week 1 (no regression)
Quiz
•
9th - 12th Grade
46 questions
Biology Semester 1 Review
Quiz
•
10th Grade