The Gold's Gym convention was last week and from what most people say it was the worst one ever. In fact a few of the vendors said it was so bad they are not coming back to future ones. Also, over 100 Gold's Gyms in the past 18 months have left the company and changed their names. It's to bad that they tried to change the wheel. The one great thing for them though is their corporate owned gyms are at an all time high. Not sure of the exact numbers but it is more than 70 I think. It is going to help them when they go public.
Who cares if the coroprate gyms are doing OK if half the 500 gyms in the system are saying fuck this shit and splitting.
This is the EXACT same thing that happened in 98-2002, when those clowns who bought out Conners and Grymko, they started making changes that caused 20% of the franchisees to bail out.
The old golden rule is the same today as it was 100 years ago-"if it aint broke dont fix it".
Another rule is if you dont know what the hell you're doing you better learn FIRST. That is what is going on with Gold's, they have a bunch of Wall Street MBA's that dont know jack shit about the gym business and these dorks are literally destroying the company and the Golds brand.
Mark my words, if these idiots running GOld's today close the flagship Venice Beach Gold's on Hampton drive down that will be the final nail in the coffin for Gold's Gym.