Finance

Peloton Tread+

Peloton to Pay Up: Connected Fitness Co. Hit with $19M Fine Over Tread+ Safety Issues

Peloton will pay a $19 million fine because it failed to immediately report safety hazard with Tread+ & distributed recalled treadmills.

Biker riding

Bloomreach Engagement and Discovery Help Jenson USA See +8.5% Revenue per Visitor (RPV)

The partnership between Bloomreach and Jenson USA increased revenue per visitor on mobile devices by 26 percent.

CLMBR 02 Machine

CLMBR Secures Additional Funding & Unveils New CLMBR 02 Machine

CLMBR secured an undisclosed amount in the Series B funding round. The next-gen CLMBR 02 will set you back $2,795 for a base model.

Eastbay closing and redirecting to champssports.com

Eastbay is Closing, Will Soon Redirect Shoppers to Champs Sports

Wisconsin-based online sneaker and sportswear retailer Eastbay announcing its closing has sparked nostalgia in Gen X and older millennials.

Simone Biles on the floor

Simone Biles and Mental Health Start-Up Cerebral Cut Ties

The departure of Simone Biles is yet another setback for San Francisco start-up Cerebral, which has had a turbulent year.

Man using Forme mirror

Forme, a Smart Gym Startup, Files for IPO

Connected fitness startup Forme is working with German-based multinational full-service investment bank Berenberg on the IPO.

Idris Elba and Huel CEO James McMaster smiling

Plant-based Huel Sees Green as it Closes $24M Celeb-backed Investment Round

Huel investors include actor Idris Elba and wife Sabrina, TV host Jonathan Ross, and activewear brand TALA CEO Grace Beverley.

Girl using Lumen device

Lumen, On a Mission to Hack Your Metabolism, Raises $62M in Funding

Lumen will use the newly acquired funding nutrition and lifestyle guidance, research, and business growth.

Woman using Precor equipment

Precor, Peloton’s Commercial Division, Appoints Interim CEO

Interim Precor CEO Dustin Grosz is the former president for Core Health. He is a fitness industry executive, entrepreneur, turnaround sp...

People exercising at Crunch Fitness

Crunch Fitness Sells Six Sacramento Clubs in Refranchising Deal

With the six Sacramento club sales, Crunch Fitness further drives its growth objectives and gets strengthened in Northern California.