With the Peloton's purchase of Precor comes 625,000 square feet of manufacturing capacity in Washington and North Carolina.
Peloton revenues, usage and subscriptions keep growing, but the company worries it won’t be able to meet customer demand.
The maker of NordicTrack and other in-home fitness brands has sued Peloton for patent infringement
Peloton has issued a voluntary recall on pedals used on about 27,000 of its exercise bikes because of a reported "laceration hazard."The in-home fitness company announced the recall on its PR70P clip-in bike pedals on Thursday in cooperation with the US Consumer Products Safety Commission. The federal agency says Peloton (PMCCF) has received at least...
Nearly a year after Peloton's infamous holiday advertising campaign incensed the internet, the fitness company is back with a new commercial series featuring real riders.
Companies ranging from tech giant Apple to StretchIt — an emerging app dedicated entirely to stretching — are vying for a piece of the at-home fitness market. We took a closer look at 11 virtual fitness membership programs looking to cash in on the at-home fitness boom... READ MORE @ Business Insider
On September 15th, Apple announced its new at-home workout platform, Fitness Plus. That same day, Peloton tweeted, “Friendly competition is in our DNA. Welcome to the world of digital fitness, @Apple.”
“We’re just digesting the announcement like everybody,” Foley said. “The biggest thing I will say is it’s quite a legitimization of fitness content, to the extent the biggest company in the word, a $2 trillion company, is coming in and saying fitness content matters. It’s meaningful enough for Apple.”
Peloton Interactive Inc. founder John Foley is now a billionaire, thanks to a stunning rally in his home-fitness company’s shares since the pandemic began.
For Peloton, the pandemic has been profitable. The at-home fitness company announced its first-ever quarterly profit, which was bolstered by a 172% surge in sales and more than 1 million people subscribing to its streaming classes. Peloton (PTON) has seen its fortunes soar this year because of... READ MORE @ CNN
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