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Fleet Feet: Running Shoe Retailer Sprints With Technology

PYMNTS

Americans are exercising through the pandemic. The pandemic seems to have had a strong positive impact on participation in the entire sport of running,” Fleet Feet’s Director of Retail Experience Matt Werder told PYMNTS. The retailer’s primary communications vehicle is email.

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Tempo And The Home Fitness Gold Rush

PYMNTS

Fitness equipment maker Tempo , whose home workout systems retail for nearly $2,000, has seen its valuation hit $250 million amid a massive surge in interest as the pandemic shut down brick-and-mortar gyms. Athleisure giant Lululemon announced the acquisition earlier this month of home exercise startup Mirror for an impressive $500 million.

Exercises 157
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Efficiency now: 8 smart strategy tips

Independent Banker

Fallout from recent global events presents an obstacle to generating revenue for community banks. Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. By Elizabeth Judd.

Strategy 135
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Fitness Centers Stretch Their Business Models, Build New Strengths Amid COVID-19 Pandemic

PYMNTS

Exercise enthusiasts must thus avoid gyms and fitness clubs, causing income shortages for fitness firms that traditionally rely on membership subscriptions, training revenues and retail sales during customer visits. The club can still provide education, training, community, inspiration [and] motivation.”.

Exercises 164
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10 Data-Driven Ideas To Increase Branch Engagement

South State Correspondent

The operative question is: given online and mobile banking, what is the new role of the branch? At an average of $1 million per year to operate, the branch is the most expensive per unit channel in banking, given that a good branch serves 2,000 to 3,000 customers. Branching is expensive – banks need to use the asset wisely.

Data 195
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ClassPass CEO On Getting The Fitness Industry Back Into Fighting Shape

PYMNTS

Navigating the pandemic-altered landscape has been difficult for fitness operators forced to close their physical locations and translate in-person services into digital offerings. He said that consumers still like the immersive and varied exercise experiences that in-person gyms are uniquely able to offer. What’s Next.

Industry 207
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NEW REPORT: With New Fitbit, Can Contactless Payments Become The Latest Workout Craze?

PYMNTS

A smartwatch can act as a personal trainer that motivates the user to reach daily exercise goals. Philips said installing the smart pole and expanding wireless to urban areas can help public officials in these communities access a wide range of IoT benefits, such as improving emergency services and air quality monitoring.

Payments 131