Peloton Interactive (NASDAQ: PTON) shares fell over 12% Friday, reaching an all-time low of USD14.70, as investors fear that the company may not be able to rebound and post...
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Peloton Expands Lead Team with Andrew Rendich as Chief Supply Chain Officer
Peloton (NASDAQ: PTON) has reported that Andrew Rendich will join the company as Chief supply Chain Officer, effective March 16th as Shari Eaton, current Senior Vice President, Global Head...
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Peloton Halts Bike and Treadmill Production Amid Fall in Demand
Peloton (NASDAQ: PTON) is temporarily pausing production of its bikes and treadmills as demand wavers. After experiencing a surge in demand throughout the pandemic, it has now been confronted...
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Peloton Set to Raise Prices Amid Inflation
Peloton (NASDAQ: PTON) revealed that inflation and continuous supply chain issues are forcing it to raise the price of its lead equipment. Just five months ago, the company had...
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Peloton Sues Lululemon Following Feud Over its New Apparel Line
Peloton (NASDAQ: PTON) sued Lululemon last Wednesday after the athletic apparel company threatened legal action against the fitness company earlier this year. Lululemon claimed that five of Peloton’s women’s...
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Peloton Plans to Sell $1 Billion in Stock
Peloton Interactive (NASDAQ: PTON), an American exercise equipment and media company, stock surged Tuesday after it announced plans to sell another USD1 Billion worth of shares. The offering values...
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Planet Fitness Memberships Near Pre-Pandemic Numbers
Planet Fitness (NYSE: PLNT) memberships have almost returned to pre-pandemic levels as people continue to return to gyms, according to CEO Chris Rondeau. The company’s revenue has risen 46.4%...
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Peloton Aims to Reel in Commercial Customers
Peloton (NASDAQ: PTON) is looking to expand and sell to more commercial customers as it continues to grow. The company revealed it has created a platform for hospitality industry...