Arlington, VA 22201 Vaccine Required - Marin Country Mart 425.786.0004, South Lake Union (470) 381-4770, Castro SoulCycle is closing 25% of its studios - ABC17NEWS [CLOSURE ALERT] SoulCycle To Shutter Single Atlanta Studio By Lauren Thomas, CNBC. I was planning on celebrating my birthday ride in the coming weeks, can I get this class in my account for later? Equinox-owned SoulCycle, known for its indoor cycling and spinning workouts, is closing 19 of its 83 studios in the U.S. and Canada. 2325 Collins Avenue These aren't the first closures that athletes have had to deal with in 2022. Beverly Hills is one of five. In the coming days, SoulCycle will shutter around 20 of its 83 studios: six in the New York City area, five in California (San Jose, San Francisco - SoMa, Beverly Hills, Newport Beach, Del Mar). If you would like to share a story idea, please submit it here. Still, SoulCycle continues to eye expansion. Sucharita Kodali, principal analyst at business research and analysis firm Forrester, also told Insider that the "good news is that they shouldn't be getting any viable new competitors in the space. On Friday,Peloton revealed another round of layoffs,price hikes for some of its products and the closure of many of its retail showrooms. The company has one spin studio in Toronto's Yorkville neighbourhood, and another in Yaletown in Vancouver. We love celebrating birthdays at SoulCycle, and we look forward to celebrating you when we are back on the bike. 55 Court St 212.996.7685, Williamsburg if( navigator.sendBeacon ) { } else { 21 Rye Ridge Plaza Peloton revealed another round of layoffs, initial public offering at the last minute, Boeing CEO loses $7M bonus, keeps $22.5 million compensation, It really doesnt concern me: Arlington Co. official reacts after Amazon HQ2 construction put on hold, Franklin Square leases up despite pandemic, office downsizing, Md. NOW WATCH: The most expensive durian ever sold was auctioned for $48,000. A New York SoulCycle studio is pictured in September of 2020. (702) 637-3230, Notting Hill Are you a SoulCycle employee with a story to tell? The New York-based indoor cycling chain's Canadian location in downtown Toronto has all but vanished from its coveted brick-and-mortar spot near the corner of King Street West and Spadina Avenue. A federal judge in New York denied Peloton's motion to dismiss the case last week. It's not just Peloton that's spinning into trouble: Indoor cycling studio SoulCycle is closing about 25% of its locations. 556 West 33rd St. Daily News Updates 212.787.1300, West Village A shrinking physical footprint is also on the horizon at Peloton. Plus, you can check in for class, shop our retail collection, and see your full SoulJourneyall in one place. The privately held fitness company is looking to raise millions of dollars in an effort to go public, the Wall Street Journal reported in March. The privately held company, owned by Equinox, did open some SoulCycle studios outdoors and even created an $2,500 at-home bike in an effort to weather the pandemic. 212.873.7685, East 54th Street Flywheel Sports Is Filing for Bankruptcy and Closing All Its Studios 830 Pacific Coast Hwy #106 The company is also planning to end its presence in Toronto, which will take SoulCycle out of Canada altogether. 415.695.7685, Clarendon The company will relocate some staffers and lay off many others. SoulCycle will close at least 19 of its 83 studios across the U.S., including at least two in the Chicago area, amid adjustments related to the pandemic, a spokesman told NBC Tuesday. 10470 NE 4th St How many SoulCycle studios are in the US? Get browser notifications for breaking news, live events, and exclusive reporting. Rye Brook , NY 10573 SoulCycle has joined Peloton, Hydrow, Tonal and F45 in announcing layoffs. A New York SoulCycle studio is pictured in September of 2020. Peloton CEO Barry McCarthy told employees in an Aug. 12 memo that the company is planning a "significant and aggressive reduction" of its retail footprint in North America, starting next year, Bloomberg reported. On Friday, Peloton revealed another round of layoffs, price hikes for some of its products and the closure of many of its retail showrooms. xhr.setRequestHeader('Content-Type', 'text/plain;charset=UTF-8'); According to the news outlet, SoulCycle is shuttering 20 of its 83 U.S. studios in in the coming days: six in the New York City area, five in California, and others in Washington, D.C., Massachusetts, Illinois, Florida, and Georgia. 3-4 Great Marlborough Street The-CNN-Wire SoulCycle To Close Newport Beach Location, 18 Others: Report We've received your submission. SoulCycle suddenly shuts down in Toronto leaving staff and - BlogTO A New York SoulCycle studio is pictured in September of 2020. 212-583-1378, NoHo Front Desk Associates, San Ramon - Equinox Fitness Clubs - LinkedIn Anal sex 'taboos' put 'generation of women' at risk amid b Canadian teacher with size-Z prosthetic breasts placed on paid leave, What's next for Buster Murdaugh after dad's murder conviction, life sentence, Patrick Mahomes' brother accused of assault, forcibly kissing owner at bar, Alex Murdaugh shaves head for latest mugshot after learning his fate for killing his wife, son, US home prices just did something they haven't done since 2012, Heather Dubrows youngest child comes out as transgender, Tom Sandoval drops out of interview amid backlash from Raquel Leviss scandal, Rebel Wilson says Meghan Markle isnt as naturally warm as Prince Harry, Tom Sizemore And The Dangerous Burden of Desperation, Tom Sandoval breaks silence on Ariana Madix split amid cheating claims. 99 studios Type Subsidiary Headquarters New York City Number of locations 99 (2020) Key people Evelyn Webster, CEO Products Exercise equipment. SoulCycle to Close At Least 19 Studios, Including in the 2 Chicago Area 561.465.8937, Palo Alto ", "Some of these shifts have been based on geography and therefore we are naturally reevaluating our portfolio of studios to assess whether there is an opportunity to right-size in certain markets," the spokesperson said. 212.996.1300, East 83rd Street 12 West 27th Street Greenwich, CT 06830 Roslyn Heights, NY 11577 The social media giant will reduce office size in San Francisco, New York, Tokyo, Mumbai and Dublin, reported Bloomberg. KTVZ NewsChannel 21 is committed to providing a forum for civil and constructive conversation. This will allow us to continue to provide riders with the SoulCycle experience they know and love.. SoulCycle To Close Beverly Hills Location, 18 Others: Report - MSN 631.842.1044, Bronxville San Diego, CA 92122 New York, NY 10003 Vaccine Required - 265 St. Paul Street Both Peloton and SoulCycle have just revealed that they will be closing locations soon. The popular product may be contaminated with dangerous bacteria, the agency confirms. Peloton revealed another round of layoffs, initial public offering at the last minute, 7WEATHER: Snow, sleet, rain and wind Saturday, Greenfield police release video of car slamming into cruiser, Communities prepare for overnight snow as new round of winter weather approaches, Appeals court upholds dismissal of wrongful death lawsuit in Whitey Bulger case, Cleanup underway after car crashes into Wilmington home. Makers of in-home fitness equipment are also struggling, including NordicTracks parent company iFit Health and Fitness. 212.724.1300, East 63rd Street As soon as we are given the all-clear and feel its safe to reopen our doors, youll be the first to know. Entertainment Effective March 16, by 8pm local time, we're closing all studios in the US and Canada. 212.580.7685, TriBeCa Vaccine Required - 111 West Wacker 516.833.1300, Studio Stream at West Village The privately held company, owned by Equinox, did open some SoulCycle studios outdoors and evencreated an $2,500 at-home bikein an effort to weather the pandemic. By Bethany Biron Jan 11, 2019, 7:00am EST. The closings leave 13locations in Manhattan, two in Brooklyn and three others on the East End Bridgehampton, East Hampton and Montauk. Beginning her SoulCycle career as a rider needing a break from the corporate world, Kaley eventually transitioned to a full-time instructor. Once the fitness darling of the pandemic, Peloton has shed more than 3,500 workers so far this year. Shops at Merrick Park SoulCycle is closing 20 stores across the nation - Patabook News Dallas, TX 75225 Miami Beach, FL 33139 El Segundo, CA 90245 But he still got a raise, Despite toxic disaster, railroads still want single-person crews, Disneyland removes controversial zip-a-dee-doo-dah lyric from its parade, Walgreens will not distribute abortion pill in 20 states. That resulted in the loss of 1.5 million jobs, according to a report from IHRSA, a fitness advisory group. Indoor cycling studio SoulCycle is closing about 25% of its locations. As we learn more, well continue to update you with new information. (720) 400-8500, Downtown Austin As a result, Insider reported that SoulCycle CEO Evelyn Webster told staff the following during an Aug. 12 company meeting, "The timing was appropriate to look at our studio footprint by market to understand whether we continue to believe that we had indeed oversaturated some markets, and the conclusion is that after much work and analysis, that perhaps we have. For more information on this site, please read our Privacy Policy, and Terms of Service. Cycling Brands to Shrink: SoulCycle to Close 25 Percent of Locations Montauk, NY 11954 SoulCycle, Equinox to close locations worldwide as fitness studios face 3699 McKinney Ave #309 We believe our high-quality affordable fitness experience will resonate now more than ever as Americans are seeking value and feeling the rising costs of everyday items, such as food and gas, CEO Chris Rondeau said in an earnings call, adding that hes noticed that people are trading down from high-priced gyms. Hoboken, NJ 07030 . In the coming days, SoulCycle will shutter around 20 of its 83 studios: six in the New York City area, five in California and others in Washington, DC, Massachusetts, Illinois, Florida and. McCarthy described the decision as "a significant and aggressive reduction of Peloton's retail footprint," although he didn't say when those closings would happen. sound information and advice to make the smartest, healthiest choices. 908.206.1300, La Jolla 101 Maiden Lane Chestnut Hill, MA 02467 Please note, we are experiencing a high volume of inquiries at the moment but we are doing everything we can to get back to you as soon as possible! In the coming days, SoulCycle will shutter around 20 of its 83 studios: six in the New York City area, five in California and others in Washington, DC, Massachusetts, Illinois, Florida and. BOSTON - In the coming days, Soul Cycle plans to close about a quarter of its locations - and that could include spots in the Boston area. 2023 NYP Holdings, Inc. All Rights Reserved, Get ready to ride, using ClassPass to book SoulCycle classes for the first time ever, Top SoulCycle instructors some with huge followings say theyre being laid off with little to no pay, Bike-lash: Peloton riders troll SoulCycle for bribing riders who trade in Peloton bikes, Impeachment prosecutor takes campaign cash from billionaire Trump backer, slash 800 jobs and hike the price of its stationary bikes, shuttered all its locations in the early days of the pandemic. London, LND W1F 7HH Vaccine Required - 2095 Union St 484.434.2200, Rittenhouse Square This story has been shared 106,493 times. scientific studies and medical journals. To stay competitive, Soul opened outdoor studios in 14 locations over the summer, but the company was still struggling with its at-home product. 113 S 16th Street 19102 These Popular Athletic Chain Competitors Are Both Closing Locations, This Popular Retail Chain Is Closing Stores, Starting Tomorrow, For more up-to-date information, sign up for our For more up-to-date information, sign up for our Customers who frequent a studio thats closing were informed via email over the weekend, and about 75 of SoulCycles approximately 1,350 employees will be laid off as a result of the closures. SoulCycle plans to close 25% of studios - CBS Boston As riders continue to return to in-studio classes there have been many shifts as a result of the pandemic, a SoulCycle spokesperson told CNN Business in a statement. SoulCycle to hit brakes on nearly 25% of its locations Bellevue, WA 98004 Show all. This comes after Peloton, a New York City-based exercise equipment manufacturer, joined the growing list of American employers reducing headcount ahead of an anticipated recession. SoulCycle closing 20 locations across US - New York Post O'Rourke did have some words of optimism, however. And now the company is adding 20 new locations for those who are ready to . Peloton had received a boost from Covid-19 closures, as consumers looked to exercise from home when gyms shuttered. Legal Statement. 68 Newtown Lane Peloton and SoulCycle say they're responding to customer data. This is temporary, and as soon as we feel its safe to reopen our doors, youll be the first to know. 1470 Third Avenue As a result of pressures from the COVID pandemic and more recent rising inflation, even well-established companies like Walmart, CVS, and Loft have been forced to shutter stores since 2020. The three opened up the first SoulCycle studio on 72nd Street on Manhattan's Upper West Side in 2006, believing they could change spinning, making it less of a chore and more recreational. Aug. 13, 2022, 12:21 AM PDT. On Friday, Peloton revealed another round of layoffs, price hikes for some of its products and the closure of many of its retail showrooms. The closures include locations in California, Washington, DC, Massachusetts, Illinois, Florida and Georgia. SoulCycle is closing 19 studios, CEO Evelyn Webster told staffers on Friday. 312.337.7685, Palm Beach - Outside We are experiencing a high volume of correspondence at the moment, but are working to get back to you as soon as possible. McCarthy told Bloomberg that the official number of Peloton closures will be determined by negotiations with landlords, but that the savings from its store closures will be reallocated toward marketing and selling its products in other ways. 0:00. Be the first to know about the latest news. The company had previously closed its more than 100 Russian stores temporarily in March amid the country's invasion on Ukraine, but just three months later, Nike revealed that the stores "will not reopen.". 140 E 63rd Street Most of the SoulCycle closings will be in New York, but locations in California, Massachusetts, Illinois, Florida, Georgia and Washington state will also be shuttered, the company confirmed. The chain, which charges as low as $10 for a monthly membership, reported in its earnings last week that it grew its membership base to 16.5 million. New York, NY 10018 11640 San Vicente Boulevard Fitness chains and independent gyms at large have been hit hard, with roughly one-third of fitness locations closing during the pandemic. 310.640.7685, Pasadena 2022 CBS Interactive Inc. All Rights Reserved. Company also laying off about 75 employees. Fitness chains and independent gyms at large have been hit hard, with roughly one-third of fitness locations closing during the pandemic. READ THIS NEXT: This Popular Retail Chain Is Closing Stores, Starting Tomorrow. Dallas, TX 75204 8 West 19th Street The chain, which charges as low as $10 for a monthly membership, reported in its earnings last week that it grew its membership base to 16.5 million. 350 Amsterdam Avenue But while there have been clear struggles in the grocery, pharmacy, and clothing sectors, athletic chains are also feeling the heat. SoulCycle is closing both of their Canadian locations until at least the end of the year due to COVID-19.. SoulCycle is closing 5 California locations - The Black Chronicle 972.737.7685, River Oaks SoulCycle , to Close 25% , of Its Locations . Severe Weather Chestnut Hill 200-230 Boylston Street. Expect to sprint throughout Kaley's class and dance to some of the . CNHL. "We need to be where our customers are when they make purchasing decisions," McCarthy told the news outlet, adding that foot traffic shows they "increasingly do that online. "They've either moved where they live and they no longer live close to a studio, or for many of our riders they've moved where they work because they're working from home. 401 Congress Avenue Just two weeks after SoulCycle announced an offe | SoulCycle will close 20 studios and lay off about 75 people while Peloton will lay off about 780 people, increase the price on its Bike+ and Tread, close some retail locations and ask remaining workers to return to the office. Approximately 90 of the San Francisco-based firms roughly 400 employees were let go, according to the report.