business
SoulCycle to Close Six Studios Nationwide on Sunday
The indoor cycling company will shutter locations in California, Colorado, New York and Florida. Employees at several sites have already been notified of the closures.
deadline.comAudio version
Tap play to generate a narrated version.
Developing·Limited corroboration so far. This page will refresh as more sources emerge.
SoulCycle will close six studios on Sunday, including two in Southern California. The locations scheduled to shut are the Manhattan Beach-branded studio at 820 Pacific Coast Highway in El Segundo and the studio at 4303 La Jolla Village Drive in San Diego. Additional closures will occur at sites in Colorado, New York and Florida.
Employees at several of the affected locations have already been notified. The company had previously closed roughly 20 studios in 2022 during an earlier restructuring. SoulCycle was founded in New York City in 2006 and later expanded to more than 60 studios across the United States, Canada and the United Kingdom.
The closures come after the company faced reduced demand following the COVID-19 pandemic and the rise of at-home fitness options. CEO Evelyn Webster announced earlier this month that she would step down after nearly six years to become chief executive of podcast company Audiochuck. 5 percent over the same period.
Transparency
1 source · single source
CorroborationLimited · 1 source
