Global Gyms, Health And Fitness Golf Equipment Industry Information 2021

A coach offers listening, forwarding your action and accountability that they’re specifically skilled in. Our digital and in-person solutions such as EXOS Journey, an built-in efficiency team, or customized group train packages may help you cultivate a tradition of health and performance. Exercise – any bodily activity that enhances or maintains physical fitness and general health and wellness. It is performed for numerous reasons including strengthening muscular tissues and the cardiovascular system, honing athletic skills, weight loss or upkeep, and mental health including the prevention of melancholy. Frequent and common bodily exercise boosts the immune system and helps stop the “illnesses of affluence” corresponding to heart disease, cardiovascular disease, Type 2 diabetes mellitus, and weight problems.

  • The Polar OH1 is an optical armband coronary heart rate monitor rather than a chest strap, and is among the better devices in the class.
  • The most necessary information tales of the day, curated
Read More

Nike swings to a quarterly loss as global store closures dent results

Nike (NKE) swung to a quarterly loss and posted fiscal fourth-quarter sales that dropped more than expected as a slew of global store closures hit the athletic-wear maker’s results. Shares of Nike dropped more than 2% in extended trading after reporting results.

Here were the main metrics from the report, compared to consensus estimates compiled by Bloomberg:

  • Revenue: $6.31 billion, vs. $7.38 billion expected and $10.2 billion Y/Y

  • Loss per share: 51 cents, vs. earnings of 10 cents per share expected and earnings of 62 cents Y/Y

Nike’s results captured the three-month period between March and the end of May, during which the athletic-wear giant contended with a slew of store closures across the globe. The vast majority of Nike-owned stores outside of China and South Korea were shut in mid-March due to the pandemic, and just 5% of North American retail locations had reopened as of mid-May, with

Read More

IMF expects global economy to contract by a record 4.9% in 2020

The International Monetary Fund further downgraded expectations for the global economy in 2020 and 2021, projecting negative growth for all regions of the world for the first time in the history of its forecasts.

The IMF on Wednesday released an update of its World Economic Outlook, in which it projected the global economy contracting by 4.9% in 2020, a downward revision from its April forecast of a 3% contraction. A -4.9% print on global output is now the worst in the WEO’s history.

“The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the recovery is projected to be more gradual than previously forecast,” the IMF report reads. The IMF said consumption and services dropped beyond expectations and described the hit to the global labor market as “catastrophic.”

The report forecasts US growth of -8.0% in 2020, a notable downgrade

Read More

COVID-19 to contract global economy by 5.2% this year

The World Bank said Monday that the COVID-19 pandemic will shrink global GDP by 5.2% in 2020, the worst since World War II and nearly three times as steep as the 2009 global recession.

Although the World Bank projects a rebound of 4.2% in 2021, it warned that an “even worse scenario is possible” if the health crisis takes longer than expected to contain. 

In its Global Economic Prospects report released Monday, the World Bank expressed specific concern over developing markets with weaker public health systems, where up to 60 million people could be tipped into extreme poverty. The World Bank has pledged to offer $160 billion in grants and support to developing countries needing help through the crisis.

“This is a deeply sobering outlook, with the crisis likely to leave long-lasting scars and pose major global challenges,” said World Bank Group vice president Ceyla Pazarbasioglu.

The World Bank’s

Read More

3 signs the global economy is starting to emerge from COVID-19 hell

It’s a tale of three worlds right now when discussing the COVID-19 pandemic from a business perspective.

Housed in one world is the absolutely horrific flow of macroeconomic data that continues to rain down on investors globally as businesses bear the brunt of mandatory quarantines. For instance, the U.S. economy shed an astounding 20.5 million jobs in April. The unemployment rate surged to 14.7%.

Most market experts — and even St. Lous Fed President James Bullard — have told Yahoo Finance lately to expect things to get worse before they get better economically.

Meanwhile, inside the other world is the steady stream of bad news from Corporate America. Neiman Marcus and J Crew filed for bankruptcy this month, crumbling under a mountain of debt and next to no demand with stores closed during the health crisis. J.C. Penney is likely to file for bankruptcy shortly and reorganize, sources have told

Read More