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Jim Rowley, Chief Executive Officer of Crunch Fitness, discusses making "difficult" decisions to close gyms and lay off employees. Rowley also discusses how the pandemic has resulted in a loss of revenue. He explains how franchisees are unable to qualify for federal stimulus or insurance even as landlords continue to collect rent.
Hosts: Carol Massar and Jason Kelly. Producer: Doni Holloway.
See omnystudio.com/listener for privacy information.
By Bloomberg3.7
376376 ratings
Jim Rowley, Chief Executive Officer of Crunch Fitness, discusses making "difficult" decisions to close gyms and lay off employees. Rowley also discusses how the pandemic has resulted in a loss of revenue. He explains how franchisees are unable to qualify for federal stimulus or insurance even as landlords continue to collect rent.
Hosts: Carol Massar and Jason Kelly. Producer: Doni Holloway.
See omnystudio.com/listener for privacy information.

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