Philadelphia Blink Fitness Locations to Close Amid Bankruptcy Shakeup

Blink Fitness plans to close nearly a dozen of its locations, representing about 10% of its physical gym presence, by the end of the month after filing for bankruptcy protection earlier this week.

The fitness chain, headquartered in New York and operating 101 health clubs across seven states, has posted a list of the locations set to close on August 30 on its website. These closures will impact gyms in several states, including Pennsylvania, New York, New Jersey, Illinois, Texas, and California.

Blink Fitness, owned by luxury gym operator Equinox Holdings, filed for Chapter 11 bankruptcy protection on Monday as it seeks a buyer for the company. The chain, known for positioning itself as an affordable and inclusive gym for "every body," cited ongoing financial struggles linked to the pandemic in its court filings.

“As part of Blink's financial restructuring and sale process, we are right-sizing our gym footprint to better meet the needs of the markets we serve," a Blink spokesperson stated in an email to CoStar News on Wednesday. "We have made the difficult decision to close approximately 10% of our gyms."

The company explained that the gyms slated for closure are not central to Blink’s operations and are mainly located outside of metropolitan New York City. The company has already notified members and staff at the affected locations.

In Pennsylvania, the two Philadelphia locations set to close are:

• 330 W. Oregon Ave., South Philadelphia

• 5597 Tulip St., Wissinoming

  
  

These closures are part of the broader effort to streamline Blink’s operations as the company navigates its financial challenges.

Source:https://www.dailymail.co.uk/news/article-13738779/Blink-Fitness-closing-10-gyms.html