Australian Quarterly Health & Fitness Retail Network Report 2022
We are pleased to share our 2023 Q1 Retail Network Report for the Health and Fitness sector.
This report provides insights on new store openings and closures we’ve observed in the Health and Fitness sector over the past three months ending March 31st 2023, across all major brands in Australia.
The Health & Fitness Centre sector has seen a small decline over the past three months, with 51 store openings and 58 store closures. Across the 21 tracked brands, Fitstop Australia had the most centre openings (nine), followed by F45 (eight). F45 also recorded the highest number of centre closures (-10), followed by Plus Fitness AU (-seven) and EFM Health Clubs (-seven).
Despite this net decline, the sector has maintained strong growth over 12 months, with an overall net increase of 48 centres driven primarily by Fitstop Australia (+38 openings, 0 closures) and Body Fit Training Australia (+34 openings, no closures). Snap Fitness (-13), EFM Health Clubs (-11) and UBX (-11) saw the highest net declines in their centre network.
At a state level, most store openings were seen in NSW (+18), and QLD accounted for the most closures (-20).