Episode 73: Industry Tea with the fitDEGREE Team
Episode description
What We Cover In This Episode:
- Introducing Ali and Montse from the fitDEGREE team [2:32]
- A closer look at the recent Lululemon Studio announcement [3:34]
- TRX and the dramatic changes that are happening within that company [12:06]
- How big box gyms are starting to incorporate boutique studios inside the gyms [16:38]
- Montse shares more about the new Peloton Row available for pre-order [24:35]
Quotes:
“I’m speculating and trying to figure out if this is going to be a consistent video on demand platform, or is this just going to be a short-term experience? I don’t know, but they are branding it as Lululemon Studios, so I can only imagine that it is going to be sticking around.” [Megan, 5:31]
“I thought it was interesting that the founder of TRX just recently bought back TRX, which I didn’t know was for sale. I didn’t know he wasn’t part of it anymore, so it was all news to me to begin with. I think as a current founder, it is exciting to hear someone bought their company back. I’m curious to see the innovation, or what ventures he comes out with.” [Nick,12:16]
“People are finding that if you have a really cheap group fitness pass or inclusive in your membership to a big box gym, then people might not be as likely to use it, but when you’re spending more money on something, you’re going to use it because you’re spending money on it.” [Montse, 21:07]
“Yes, this cool thing might be happening in the local gym down the street from you, but here’s why we’re 10 times better, because I’ve already known your name for 5 years and built a relationship [with you], and I know that last week you sprained your ankle.” [Megan, 23:56]
“I feel like rowers are becoming the new bikes because I recently over the last few months have seen a lot of advertising for at home rowers, and one was like a reformer rower.” [Megan, 27:04]
LINKS:
https://www.lululemon.com/studio
https://insider.fitt.co/following-bankruptcy-trx-founder-randy-hetrick-acquires-the-company/
https://www.onepeloton.com/row
fitDEGREE’s Business Portal
https://calendly.com/fitdegree/support
https://www.instagram.com/fitdegree/
https://www.instagram.com/fitspot_guru/
https://www.instagram.com/fitdegree_nick/
https://www.instagram.com/megan_fitdegree/