Boutique Fitness Studio CityRow on Plans for Expansion
CEO and Founder of CityRow, Helaine Knapp, talks about the boutique fitness club's first franchise in Ann Arbor, Michigan. The location is a natural fit considering Knapp is a University of Michigan alumnus.
CityRow is partnering with Franworth, a franchise growth equity firm, to help with the expansion. The company was recommended to Knapp by former NFL player Dhani Jones.
Knapp hopes CityRow will be expanding into 12 to 15 new markets by the end of 2018. The company is also exploring designing their own rowing equipment for the home.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.
The U.S. economy added 272,000 jobs in May, far more than expected. But that number doesn't tell the whole story. Interest rate cuts could still be on the way.