As CNN notes, even before coronavirus hit, businesses like 24 Hour Fitness were facing challenges from trendy upscale gyms like Equinox, lower-cost alternative like Planet Fitness and in-home options like the kind sold by Peloton. Any financial struggles that gym chains were trying to manage intensified, of course, because of the pandemic, which kept the entire country in their homes and out of gyms — one of the places where the virus spreads most easily.
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