Finance
‘Disruptions Make Winners,’ says Bernstein Analyst: A Look at Nike, Adidas, Peloton, & Lululemon
While Bernstein analyst Aneesha Sherman acknowledges that challenges will persist until 2023, she writes that 'those disruptions are...
Xponential Fitness Reports 2021 as ‘Milestone Year’
After Q4 & FY 2021 results are in for Xponential Fitness, the company anticipates 81% growth in new studio openings for FY 2022.
FitOn Announces $40M in New Funding & Acquisition of Peerfit
With the acquisition of Peerfit, FitOn will move deeper into the healthcare and wellness sector and support a hybrid fitness model.
Peloton Pilots a New Pricing Model
The limited-time pricing experiment will roll out in Peloton stores in Florida, Minnesota, Denver, and Texas, where a Peloton bike and...
Fanatics Acquires Mitchell & Ness to Expand Brand Awareness
Founded in 1904, Mitchell & Ness will merge its business model with the Fanatics platform while continuing to operate as a separate brand.
Former Peloton CEO Sells $50 Million of Shares
Peloton said in a statement CEO’s decision to exercise stock options and sell shares in a private sale was his own decision.
Noom reaches $56M Class Action Settlement
In a note on Noom’s blog, co-founders Saeju Jeong and Artem Petakov addressed the class action settlement and wrote...
Earnings Call Takeaways: Garmin Reports on Fitness, Cycling, Outdoors
Garmin reports that full year revenue increased 14%, with growth across multiple categories, driven by strong demand for adventure watches.
GOQii raises $50M in Series C round
Looking ahead, fitness technology company GOQii is focusing on preventative healthcare as it moves towards connected fitness.
Peloton Shutting Down Mount Vernon Plant, 75 Employees Face Layoffs
Long Island Peloton employees in Farmingdale and Port Washington will also be laid off, in addition to those at the Westchester plant.
