A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael N...
Tag: Physical fitness
Peloton to pause production of its Bikes, treadmills as demand wanes
Peloton is temporarily halting production of its connected fitness products as consumer demand wanes and the company looks to control costs, according to internal documents obtained by CNBC. Peloton p...
Peloton insiders sold nearly $500 million in stock before its big drop
Peloton executives and insiders sold nearly $500 million worth of their stock before its big decline, according to filings with the Securities and Exchange Commission. Peloton stock is down more than ...
Peloton hires McKinsey to review cost structure as equipment sales slow
Peloton is working with management consulting group McKinsey & Co. to review its cost structure and potentially eliminate some jobs, CNBC has learned. The possible job cuts were discussed in a rec...
Peloton is about to tack on hundreds of dollars in fees to its Bike and treadmill, citing inflation
Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Pel...
Planet Fitness to buy franchisee Sunshine Fitness in $800 million deal
A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston’s Dorchester on Feb. 1, 2021. Jessica Rinaldi | Boston Globe | Getty Images Planet Fitness said Tuesday it p...
Lululemon taps former Amazon exec as new CEO of its at-home gym Mirror
Michael Aragon previously served the role of chief content officer of Twitch, Amazon’s livestreaming business. Source: Lululemon Lululemon said Thursday it has named former Amazon exec Michael A...
Peloton earnings could disappoint investors, analysts say
A Peloton Interactive Inc. logo on a stationary bike at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton’...
Nike sues Lululemon for patent infringement over at-home Mirror gym and fitness apps
Nike on Wednesday filed a lawsuit accusing Lululemon of patent infringement over the apparel maker’s at-home Mirror fitness device and related mobile applications. Nike claims that in 1983, it i...