Yoga continues to increase in popularity in the United States by leaps and bounds. An estimated 16.5 million Americans now regularly practice yoga, and in all they spend about $ 3 billion a year on it, all things considered.
The New York Times recently ran a special two-part blog on yoga for people 50 and older,
and another article focused on just how profitable it is really becoming --" it is growing into the Starbucks phase," as one expert put it.
Nobody stresses it much, but yoga definitely seems to attract many more women than men in the U.S. That makes sense given that men, when they think of reducing tension, etc., usually think in terms of something very active-- such as playing squash or a game of softball or touch football in the park. Group games also often men the chance to relive their childhood fantasies of being football heroes, etc.-- ( I wonder how many American men daydream of making some amazing play and being the hero of the day at the Superbowl-- maybe MOST, it could be--at least sometimes.
What is ironic is that men who fantasize being athletes again as they might have been when they were in high school, say, often do not want to do much more than lie on a couch and watch a football game, snacks at the ready..
The restorative yoga class I am taking is all women except for me. From what the instructor says, I gather a good number of the women are pregnant ( I am merely recuperating from a hernia operation that has left me with a lot of physical disorientation and also just have a natural proclivity for anything that involves meditation )...
The Dollars Roll In
Let me just quote the opening of the one article on how successful yoga is as a money making venture these days..
Yoga's Growing US Popularity Attracts Cash
By Deborah Cohen
CHICAGO (Reuters) - Yoga,
the ancient practice of postures, breathing and meditation, is gaining
a lot of attention from the material world that its serious
practitioners are trying to escape.
And no wonder. Americans
who practice yoga are often well-educated, have higher-than-average
household income, and are willing to spend a bit more on so-called
"green" purchases seen as benefiting the environment or society.
"It's kind of growing out
of the crunchy stage of yoga to the Starbucks stage," said Bill Harper,
publisher of Yoga Journal. "From the videos and the clothes and the toe
socks people are pursuing this market with a vengeance."
A glance through recent
issues of his monthly magazine, whose readership has doubled in the
past four years to 325,000, illustrates the point. There are four-color
ads from the likes of Asics athletic shoes, Eileen Fisher apparel and
Ford Motor Company. Yoga Journal is now licensing a Russian edition and
preparing to expand in other international markets.
Americans spend some $2.95
billion a year on yoga classes, equipment, clothing, vacations, videos
and more, according to a study commissioned by the magazine, fueled in
part by aging baby boomers seeking less aggressive ways to stay fit.
Roughly 16.5 million people
were practicing yoga in the United States early last year, either in
studios, gyms or at home, up 43 percent from 2002, the study found.
FLOODING THE MARKET
Established sellers of yoga
gear such as Hugger Mugger and Gaiam Inc. have been flooded with
competition in the market for yoga mats, incense, clothing and fancy
accoutrements ranging from designer yoga bags to eye pillows.
Vancouver, British
Columbia-based Lululemon Athletica, for one, has seen sales of its yoga
apparel rise to $100 million since its Canadian entrepreneur Chip
Wilson founded the company in 1998. Customers are snapping up its
trendy pants and tops to wear to class, and increasingly, to the
supermarket or out to dinner.
The company operates some
40 stores, predominantly in Canada. It counts Japan and Australia among
its new markets, and has a newly tapped management team that includes
Robert Meers, former CEO of athletic shoemaker Reebok, to help set up
shop in the United States. This month, Lululemon's reach extended to
the U.S. heartland, with the opening of a Chicago store.
"A lot of investors are
being attracted to the trend," said Corey Mulloy, a 34-year-old general
partner with Boston-based venture capital firm Highland Capital
Partners. Highland has stakes in Lululemon and Yoga Works, a growing
chain of studios that now boasts 14 locations in southern California
and New York.
Corporate types have indeed
latched on. Rob Wrubel and George Lichter, best known as the men behind
the Internet site Ask Jeeves, in 2003 provided refinancing for Yoga
Works, which was founded in the late '80s.
Philip Swain, a former
executive with national health club operator the Sports Club Co., now
heads the company, which puts an emphasis on high-quality instruction
and has grown by consolidating existing studios.
Another expanding business,
Exhale, markets itself as a "mindbodyspa," with locations in Los
Angeles, New York and other urban areas that combine yoga classes with
facials, massage and alternative treatments such as acupuncture.
It lists nationally
recognized yoga instructor Shiva Rea as "creative yoga adviser" and has
backing from private equity firm Brentwood Associates.
MARRYING PROFIT WITH PRACTICE
Some question how all the consumption is changing a discipline with a strong spiritual foundation.
"We've taken this ancient
tradition, science, and art of yoga out of a culture and a religion and
world view and we've tried to transplant to the other side of the
planet," said Judith Hanson Lasater, a longtime yoga instructor and
author who holds a doctorate in East West psychology. "I believe
there's not a complete match up."
Even so, several entrepreneurs stressed that they are able to adhere to yoga's healing principles while also turning a profit.
"It's about beauty and
ascetics, not about opulence," said Joan Barnes, the former CEO and
founder of children's apparel chain Gymboree Corp., who runs a small
chain called Yoga Studio in Northern California.
For Cyndi Lee, 52, founder
and owner of New York's City's popular Om Yoga Center, the business
remains a labor of love. Lee said she has turned down numerous buyout
offers through the years, worried a loss of control could erode the
sense of community she has helped to create.
"It's not like McDonald's; it's not like popping out a hamburger," Lee said. "I don't want to have to commodify it."
Well, I ran the whole story pretty much because I realize it is really pretty succinct..
As for the New York Times blogs:
http://www.nytimes.com/2013/05/08/booming/advice-on-practicing-yoga-in-middle-age-part-1.html?pagewanted=all&_r=0
and
http://www.nytimes.com/2013/05/15/booming/advice-on-practicing-yoga-in-middle-age-part-2.html?pagewanted=all
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