May 21, 2020 As Marketdata analysts predicted just about a year ago, Tivity Health’s acquisition of NutriSystem has not worked out well. As of May 7, 2020 Tivity’s board has decided to explore “strategic alternatives” for the Nutrition business (translation: they want to sell the business unit), including a possible transaction and has engaged Lazard…
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WW Plans Lay-offs Due to Covid-19, Oprah Events Coming
May 19, 2020 WW International Inc. said last Friday it plans to lay off workers and eliminate jobs worldwide as it tries to cut costs amid the economic devastation caused by the Coronavirus pandemic. The company formerly known as Weight Watchers said it expects to spend about $12 million in employee-termination payments and other expenses.…
Read moreHerbalife’s U.S. Sales of Weight Loss Products at $633 Million in 2019
May 19, 2020 Herbalife Intl. is a well-known MLM (multi-level marketing) company that sells weight loss products in the U.S. and abroad. It sells meal replacements (protein shakes, drink mixes, weight loss enhancers and healthysnacks). However, what some may not know is that, based on its sales, it ranks as the third largest weight loss…
Read moreHealth Club Revenues Reach $35 Billion
May 15, 2020 The health club industry's trade association, IHRSA (Intl. Health & Racquet Sports Assn.) reported to Marketdata that U.S. health club industry revenues were up 8.3% to $35.0 billion in 2019, on the heels of a 7.7% gain in 2018. Through 2023, Marketdata forecasts revenues to grow by 5.6% per year, on average,…
Read moreMost Weight Loss Surgeries Performed in the Northeast
May 15, 2020 The number of bariatric (weight loss) surgeries performed in the U.S. was up 10.5% in 2018, to 252,000 procedures. Marketdata analysts estimate that this market was worth $6.3 billion, based on the average price per surgery of $25,000. No data is available yet for 2019. The ASMBS (American Society for Metabolic and…
Read moreQuick Weight Loss Centers Out of Business
April 30, 2020 it appears that Quick Weight Loss Centers, headquartered in Pompano Beach, FL, has gone out of business, a victim of the Covid-19 shutdowns and lost revenues. closing its 40 or so centers located in Florida and Texas. The company appears to be in the process of filing for Chapter 7 bankruptcy, as…
Read moreWW Reports Q1 2020 Results
April 28, 2020 WW (Weight Watchers reported today that: Q1 2020 End of Period Subscribers up 9% year-over-year to 5.0 million, an all-time Q1-end high.Q1 2020 Revenues of $400 million, up 10%, or 11% on a constant currency basis, year-over-year.Launches Virtual Workshops globally, as a response to Studio closures, keeping the WW community connected across…
Read moreWhere’s All The Weight Loss TV Ads?
April 20,2020 Marketdata analysts are seeing plenty of TV commercials lately by Noom, a few by NutriSystem, but little from any of the other competitors? What's going on with the marketing departments of WW and Jenny Craig? It's still prime diet season until Memorial Day, although admittedly, consumers have other things on their mind right…
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