Out of shape: From gyms to yoga centres, the pandemic has completely transformed the fitness industry
(Pic: Grand Slam Fitness)
Synopsis
A health crisis has thrown the fitness industry into disarray. Can it beat the Covid storm again and find its feet?
For Nikhil Kakkar, COO of fitness chain Gold’s Gym, time seems to be playing on repeat mode. He recalls how gyms and fitness centres were the first ones to shut last year and the last ones to open. This year too, the situation has been no different. At a time of acute uncertainty and hardship amid Covid’s severe second wave that has gripped the nation, it is the fixed costs such as rentals, salaries and electricity which are playing heavily on