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.
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It's a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill. At the same time, some sizeable layoffs have continued to pile up — raising worker anxieties across sectors. Some companies have pointed to rising operational costs due to U.S.'s new tariffs, while others have redirected money to artificial intelligence investments. Workers in the public sector have also been hit hard. Federal jobs were cut by the thousands earlier this year. And many workers are now going without pay as the U.S. government shutdown has now dragged on for more than a month.