Les Mills New Zealand Wellness Studio Opens Amidst Growth Slowdown

HereS a breakdown of the provided text, extracting the key data:

Key Points:

* Watch-and-Learn Approach: The ‌company is taking a “watch-and-learn” approach to a new product launch, reacting ⁣to its success​ before fully​ committing.
* ⁤ Prepared for Rapid Expansion: they have plans for quick expansion (“put the hammer ⁢down”) if the product performs well and can⁣ add value to‍ thier membership base.
* New studio: Les Mills New Zealand has opened a new Mind Body Studio​ in Newmarket.
* ‌ Stable membership: Despite⁣ the cost-of-living crisis,⁣ gym memberships have remained stable year-on-year.

Quote:

“I think it’s watch-and-learn, and ​we’ll ‍react accordingly to the success ⁣of the product. We’ve already thought about where we might go next and how quickly. We’re⁣ ready to activate if we ⁣can and if we can bring more value to our‌ membership quicker, then we’ll put the hammer⁢ down.” – (Speaker not named, likely a company representative like sutton mentioned later)