Gym Source

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Gym Source is a distributor of residential and commercial fitness equipment in the United States with 31 stores locations in 13 states. [1] The company was founded in 1937 and is headquartered in New York City. [2] [3]

Contents

Overview

Gym Source is the United States' largest distributor of fitness equipment. [4] [5] Opened in 1937 as Cutler Owens Sporting Goods in Midtown Manhattan, Richard Miller purchased the company in 1978, renaming it Gym Source. The privately held company employs about 300 people in 10 states and operates through seven distribution centers. As a fitness equipment retailer, Gym Source serves customers in all 50 states and 47 countries. As of 2014, the firm serves more than 300,000 customers internationally and has made nearly 2 million deliveries, making it the largest fitness equipment distributor in the United States. [6]

Brands

Gym Source major brand includes Precor, Cybex International, Hampton Fitness, Hoist Equipment, Octane Fitness, Polar USA, Power Plate, Tuff Stuff, Schwinn Fitness, Stairmaster, Star Trac and TRUE Fitness. [7] It has been a Better Business Bureau accredited business since September 13, 1989; currently, every Gym Source store has an A+ rating from the Better Business Bureau. [8]

History

In 1937, Al Owens and Murray Cutler founded a sporting goods store called Cutler Owens. They opened their first 900 sq. ft. store in Rockefeller Center in Midtown Manhattan. In 1974, Richard Miller joined the company and redirected the store’s focus toward running and tennis gear. By 1977, Cutler Owens was a top-ranked tennis shop, and 20% of New York marathon runners reportedly purchased their shoes from the sporting goods store. [6] In 1978, Richard Miller acquired Cutler Owens and transformed it into a full-service fitness equipment distributor and rebranded the company as Gym Source. In 1979, he moved to bigger location in Midtown in order to accommodate more exercise equipment. In 1985, the company focussed on the commercial arena and by late 1986, it had secured enough business from premium commercial accounts including commercial fitness facilities, college and university fitness centers, and training rooms for professional sports teams. It helped company in to turn out as a leading distributor of fitness equipment. In 1995, Gym Source was the third-largest distributor of Life Fitness equipment in the country. By 2012, the company had nearly $100 million in revenue and gained exclusivity contracts with fitness equipment manufacturers. [1] [9] In 2012, the company's CEO Richard Miller was named a finalist in the Ernst & Young “Entrepreneur of the Year” Program. [1] [10] In the same year Gym Source was named the exclusive East Coast distributor of BILT by Agassi and Reyes athletic training equipment; [11] in 2014, the company was tapped as the exclusive East Coast distributor of the FreeCross outdoor elliptical trainer. [12]

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References

  1. 1 2 3 "Finalists for the Ernst & Young's Entrepreneur of The Year 2012 Award in the New York Region". Daily Freeman. May 21, 2012.
  2. ↑ "Poll: Americans are spending less on exercise". MSNBC . NBCNews.com. 2009-10-19.
  3. ↑ Trujillo, A. "Tomorrow's fitness today: Gym Source celebrates 75 years in business". SNEWS Fitness. Retrieved 17 July 2014.
  4. ↑ Hunter, Jonathan. "How Richard Miller turned Gym source from a retailer to United States's largest commercial fitness company". The Citizen.
  5. ↑ Naughton, Michael (12 December 2013). "$100 million in revenue makes Gym Source, the top fitness equipment distributor in the country". Metro New York.
  6. 1 2 Morrison IV, N. J. (2012). Quarterly trainer letter.
  7. ↑ "Gym Source About Us" . Retrieved 17 July 2014.
  8. ↑ "BBB Business Review". BBB. Retrieved 17 July 2014.
  9. ↑ "Ernst & Young announces finalists for the Entrepreneur Of The Year 2012 Award (Press release)". The Business Journals. Archived from the original on 2014-07-28. Retrieved 2019-11-21.
  10. ↑ "Ernst & Young announces finalists for the Entrepreneur Of The Year 2012 Award in the New York Region (Press release)". Reuters.com. May 21, 2012. Archived from the original on 2014-07-25. Retrieved 2019-11-21.
  11. ↑ "Andre Agassi to host Manhattan event announcing Gym Source's exclusive East Coast distribution of BILT by Agassi & Reyes" (PDF). Retrieved 17 July 2014.[ permanent dead link ]
  12. ↑ Matthew, Chris. "Gym Source selected as exclusive North American dealer for FreeCross outdoor elliptical bike". The Daily Gazette.
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