Planet Fitness is moving into old Toys 'R' Us and Sears stores
CNN - Mon 6 May 13:22 GMT

Retailers like Toys "R" Us and Sears are vanishing. Planet Fitness is stepping in to fill the abandoned spaces they left behind.

Planet Fitness is moving into old Toys 'R' Us and Sears stores

  Planet Fitness said this week that it will open 225 gyms this year.

  The gym chain has been on a growth streak in recent years.

  It has more than 1,800 gyms in the United States, an uptick of about 60% compared to three years ago.

  The company is one of the hottest stocks in retail: Shares ofhave climbed more than 400% over the past four years.

  Investors are convinced that Planet Fitness has runway to grow by chasing the 80% of Americans who don't belong to a gym.