Les Mills New Zealand Wellness Studio Opens Amidst Growth Slowdown
- * 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.
- "I think it's watch-and-learn, and we'll react accordingly to the success of the product.
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)