Wednesday, May 23, 2018
Business

Lifestyle Family Fitness files layoff notice with state

St. Petersburg-based Lifestyle Family Fitness filed a notice Thursday that it will lay off 94 employees between Aug. 16 and Dec. 31.

The news comes three days after LA Fitness, one of the nation's largest fitness chains, said it would purchase the 33 Lifestyle locations in Florida for an undisclosed amount.

Lifestyle filed a Worker Adjustment and Retraining Notification with the Florida Department of Economic Opportunity, which is required for mass layoffs.

Officials from LA Fitness and Lifestyle did not return repeated calls for comment from the Tampa Bay Times nor did the companies make announcements about the sale on their respective websites or through social media.

It is still not clear what the sale will mean for its members and prices.

The first Lifestyle opened in Lakeland in 1982, and there are now locations across Tampa Bay. Completing the deal would wipe out the Lifestyle name at popular clubs in Tampa's Hyde Park and Carrollwood.

The purchase is the latest in LA Fitness' efforts to grow its Florida market. Last year, the chain acquired 171 Bally Total Fitness clubs in 16 states for $153 million, according to the Los Angeles Times, paying about $900,000 for each club.

In 2010, Club Industry, a trade publication, ranked LA Fitness the No. 2 fitness chain in the country, based on estimated revenue of $1 billion that year. Lifestyle was 10th on that list with $102 million. The nation's No. 1 gym, 24 Hour Fitness, made $1.3 billion.

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Published: 05/22/18