Fitness Business Canada Nov/Dec 2009

FBCUPFRONT »Happenings
SUPPLIER NEWS
SUPPLIER NEWS
Nautilus Selling
Commercial
Fitness Equipment
Division
VANCOUVER, WA – Nautilus, Inc.
is seeking buyers for all of the
assets, liabilities and ongoing op-
erations of its commercial business.
This is a further step in the com-
pany’s restructuring plan to improve its cost structure and
focus on the consumer market through its direct and retail EXPLOITEDASSETSINTHECOMMERCIALlTNESSEQUIPMENTMAR
businesses. ket. As examples, our Schwinn commercial stationary bike
A
N
s
A
s
U
et
T
s
IL
o
U
f t
S
h
I
e
N
c
C
o
. T
mp
O
a
S
n
E
y
L
’s
L C
co
O
m
M
m
M
er
E
c
R
ia
C
l
I
b
A
u
L
s
F
in
IT
e
N
ss
E
i
S
n
S
c
E
lu
Q
d
U
e
I
t
P
h
M
e
ENT
l

ine is the innovation leader in the industry, our Nautilus
f
B
o
U
ll
S
o
I
w
N
i
E
n
S
g
S
: a manufacturing facility and three warehouses Strength brand has a number of popular lines including the
in V
Fi
i
t
r
n
g
e
i
s
n
s
ia
c
;
o
t
mp
he
a
S
n
t
y
ai
N
rM
au
a
t
s
i
t
lu
er
s
c
, I
a
n
r
c
d
.
i
(
o
N
b
Y
r
S
a
E
n
:
d
N
a
L
n
S)
d
i
r
s
e
a
l
c
a
t
t
i
e
v
d
e
s
ly
te
se
p
e
-
king b
.
uy
A
-
UTILUS/NESTRENGTHEQUIPMENTAND3TAIRMASTERPROD
p
er
e
s
r a
fo
n
r
d
su
S
b
te
st
p
a
M
nt
il
ia
l l
ll
i
y
ne
a
s
ll
; t
o
h
f
e
th
c
e
o
a
m
ss
m
e
e
ts
r
,
c
l
i
ia
l
b
i
i
n
li
d
tie
oo
s
r
a
c
n
y
d
c
o
li
n
n
g
g
o
l
i
i
n
n
g
e
o

perati
u
o
c
n
t
s
are the industry standard in the stepper and stepmill
i
o
n
f
c
it
lu
s
d
co
in
m
g
m
th
e
e
rc
n
ia
e
l
w
b
l
u
y
s
l
i
a
n
u
e
n
ss
c
.
h
T
e
h
d
is
A
i
u
s
t
a
h
f
e
u
n
r
t
t
i
h
c
e
C
r
y
s
c
te
li
p
n
i
g
n
b
t
i
h
ke
e C
s
o
w
mp
ith
a

ny's
c
r
a
e
t
-
egories.”
LES MILLS INTERNATIONAL REACHES
t
s
r
tr
u
u
e
c
p
tu
o
r
w
in
e
g
r m
pl
e
a
a
n
s
o
u
f
re
imp
me
r
n
o
t
v
s
i
;
n
a
g
n
i
d
ts
c
c
o
o
m
st
m
s
e
tr
r
u
c
c
ia
tu
l s
re
tr
a
e
nd
gt
f
h
o
a
cu
n
s
d
in

g on the
Nautilus notifi ed it
1
s
3
c
,0
u
0
s
0
to
F
m
IT
e
N
rs
E
t
S
h
S
a
C
t
L
it
U
w
B
o
S
u
W
ld
IT
n
H
ot
G
ta
R
ke
OU
n
P
e

w
C
co
A
n
R
su
D
m
I
e
O
r m
E
a
Q
rke
U
t
I
t
P
hr
M
ou
E
g
N
h
T
its
I
d
N
ire
C
c
LU
t an
D
d
I
r
N
et
G
ail
T
bu
H
s
E
ine
.
sse
A
s
U
.
TILUSOR/D.ER%SFSTORRECNGOTM
E
H
X
M
E
L
RC
EIRN
I
C
S
E
E
I

A
P

RO
LE
G
Q
RA
U
M
IP
S
MENTPAST/CTANDALLOUT
C
As
h
s
a
e
i
t
r
s
m
o
a
f
n
th
a
e
n
C
d
o
c
mp
hie
a
f
n
e
y
x
's
e
c
c
o
u
m
ti
m
ve
e

r
o
c
f
i
fi
a
c
l
e
b
r
u
E
si
d
n
w
es
a
s
rd
in
B
clu
ra
d
m
e
s
a
o
m
n
anu-
standing orders will be shipped by Dec. 31.
f
s
a
t
c
a
t
t
u
es
r
t
in
h
g
a
f
t
a
, “
ci
W
lit
h
y a
ile
n
r
d
e
t
c
h
e
r
n
e
t
e
r
w
e
a
su
re
l
h
ts
o
i
u
n
s
o
es
u
i
r
n
c
V
o
i
m
rg
m
in
e
i
r
a
c
; t
ia
h
l
e
b
S
u
ta
si
i
-
rMaster
Nautilus has assured
De
cu
s
s
p
t
i
o
t
m
e r
e
e
r
c
s
e
t
s
h
si
a
o
t
n
w
a
a
ry
rr
t
a
im
nt
e
ie
s,
s
L
o
e
n
s
p
M
r
i
o
l
d
ls
-

c
n
a
e
r
s
d
s
io
d
b
id
ra
n
n
o
d
t
a
m
n
e
d
e
r
t
e
e
l
x
at
p
e
e
d
c
s
ta
te
t
p
io
p
n
e
s
r
,
a
w
n
e
d S
co
te
n
p
t
M
in
i
u
ll
e
li
t
n
o
e
b
s;
e
t
l
h
ie
e
v
c
e
o

mmercia
u
l
c

ts made and manu
I
f
n
ac
te
t
r
u
n
r
a
e
t
d
io
t
n
h
a
r
l
o
i
u
s
g
a
h
c
D
hie
e
v
c
i
. 3
ng
1,
s
2
ig
0
n
0
i
9
fi
w
ca
i
n
ll
t
b

e
i
t
n
h
d
a
o
t
o
N
r c
au
y
t
c
i
l
lu
in
s
g l
C
i
o
n
m
e i
m
nc
e
l
r
u
c
d
ia
in
l
g
h
t
a
h
s
e
m
n
a
e
n
w
y
ly
a
l
t
a
t
u
ra
n
c
c
t
h
iv
e
e
d A
an
u
d
th
u
en
d
ti
e
c
r
C
-
yclin
f
g
u

lly supported by th
g
e
ro
co
w
mp
th
a
w
n
o
y
rl
.
dwide, with the 13,000th
bikes with true power measurements; and commercial strength and health club signing on to deliver the glob-
cardio equipment including the Nautilus ONE strength line. ally recognized LES MILLS™ group exer-
Edward Bramson, Chairman and Chief Executive Officer of
Les M
cise
i
pr
l
o
ls
gram

s.
Nautilus, Inc. has stated that "While recent results in our commer- In the last five years, Les Mills
cial business did not meet expectations, we continue to believe that
Inter
In
na
ternat
t
io
i
n
o
al h
na
as gro
l
w

n from a licensee
Nautilus Commercial has many attractive and under exploited as- base of 9,000 to 13,000 clubs worldwide.
sets in the commercial fitness equipment market. As examples, our
reac
A
he
ttend
s
an

c
1
e a
3
t L
,
E
0
S M
0
IL
0
LS™

group fitness
Schwinn commercial stationary bike line is the innovation leader in programs has more than doubled from un-
the industry, our Nautilus Strength brand has a number of popu-
fitne
d
s
er t
s
h
c
ree m
lu
illio
b
n t
s
o an estimated six mil-
lar lines including the Nautilus One(TM) Strength Equipment, and lion attendances per week.
Stairmaster products are the industry standard in the stepper and
MANUKA, Austr
R
al
e
ia
c
–
e
D
nt
e
I
s
H
pit
R
e
S
r
A
ec
d
es
a
s
t
io
a
n
s
a
h
ry
o
t
w
im
s t
es
h
, L
e a
es
v

erage
stepmill categories." The Company has engaged Robert W. Baird & Co.
Mills Interna
g
ti
l
on
ob
a
a
l i
l
s
t
ac
ot
h
a
ie
l h
ving
ea

l
s
t
ig
h
n
c
iﬁ
l

u
can
b a
t g
tt
r
e
o
n
w
d
th
a
w
n
or
ce
l
p
d-
er
to actively assist in the sale of the commercial business
wide, with th
w
e
e
1
e
3
k
,0
i
0
s
0
1
th
.7
h
t
e
i
a
m
lth
e
c
s p
lu
e
b
r
s
w
ign
e
i
e
n
k
g o
. R
n
e
t
c
o d
en
e
t
li
i
v
n
-
de-
Nautilus Inc. notified its customers that it would not take new or-
er the global
p
ly
e
-
n
re
d
c
e
o
n
g
t
n
r
iz
es
d
e
L
a
e
r
s
c
M
h
i
s
lls
h
™
o

w
gr
s
o
L
up
E
e
S
x
M
erc
I
i
L
s
L
e
S™ class
ders for commercial equipment past Oct. 30. All outstanding orders
programs.
participants attend their clubs 3.4 times
will be shipped by Dec. 31, according to a letter sent to customers.
In the last
p
ﬁ
e
v
r
e
w
y
e
a
e
r
k
s
.
, L

es Mills has grown from a
Nautilus will accept orders for the new Schwinn AC line, IC Pro and
licensee base of 9,000 to 13,000 clubs worldwide.
Stairmaster SM/SC 916 models if delivery can be completed by Dec. 31.
Attendance at Les Mills group ﬁ tness programs has
In a letter to customers, Nautilus has stated that “[While] it is not
more than doubled from under three million to an esti-
possible to make predictions about the future of the commercial busi-
mated six million attendances per week.
ness, the company remains hopeful about the future availability of
Recent IHRSA data shows that average global total
these products, albeit under different ownership, beyond the end of
club attendance is 1.7 times per week. Recent inde-
2009.”
pendent research shows that Les Mills class participants
Nautilus also assured customers in the letter that warrantees on
attend their clubs 3.4 times per week.
products made and manufactured through Dec. 31 would be fully
supported by the company.
12 Fitness Business Canada November/December 2009
Page 1 | Page 2 | Page 3 | Page 4 | Page 5 | Page 6 | Page 7 | Page 8 | Page 9 | Page 10 | Page 11 | Page 12 | Page 13 | Page 14 | Page 15 | Page 16 | Page 17 | Page 18 | Page 19 | Page 20 | Page 21 | Page 22 | Page 23 | Page 24 | Page 25 | Page 26 | Page 27 | Page 28 | Page 29 | Page 30 | Page 31 | Page 32 | Page 33 | Page 34 | Page 35 | Page 36 | Page 37 | Page 38 | Page 39 | Page 40 | Page 41 | Page 42 | Page 43 | Page 44 | Page 45 | Page 46 | Page 47 | Page 48 | Page 49 | Page 50 | Page 51 | Page 52