Peloton forecasts weak holiday-quarter revenue as demand slowdown bites
By Kannaki Deka (Reuters) -Exercise equipment maker Peloton Interactive Inc on Thursday forecast revenue below estimates for the all-important holiday quarter and posted a bigger-than-expected quarterly loss, as sticky inflation keeps discretionary…
Peloton names former Twitter executive Leslie Berland as Chief Marketing Officer
(Reuters) – Peloton Interactive Inc named former Twitter Inc executive Leslie Berland as Chief Marketing Officer on Tuesday, as the once high-flying connected fitness equipment works to recharge sales amid waning demand.…
Peloton to offer refurbished bikes at discounted prices
(Reuters) – Peloton Interactive Inc is offering refurbished bikes across the continental U.S. and Canada at a discount of up to $500 over new bikes, the company said on Monday. The program,…
Peloton to sell exercise bikes on Amazon UK to improve demand
(Reuters) – Peloton Interactive Inc will start selling its exercise bike and other fitness accessories on e-commerce giant Amazon.com Inc’s UK platform, it said on Wednesday, in an effort to combat slowing…
Peloton results to offer clues on impact of turnaround plan
By Kannaki Deka (Reuters) – Peloton Inc’s efforts to get its operations back in shape should help it slow cash burn and post a smaller loss on Thursday, but the road to…
Peloton loses lawsuit against Lululemon over new apparel line
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Thursday dismissed Peloton Interactive Inc’s lawsuit seeking a declaration it did not infringe Lululemon Athletica Inc’s patents in developing its own…
Peloton persuades U.S. judge to send sales tax lawsuit into arbitration
By Jonathan Stempel NEW YORK (Reuters) – A U.S. judge on Monday handed a victory to Peloton Interactive Inc, saying subscribers must arbitrate their claims that the maker of at-home bicycles improperly…
Sachem Head, Soros liquidated positions in Peloton in first quarter-filings
By Svea Herbst-Bayliss BOSTON – Investment firms Sachem Head Capital Management and Soros Fund Management exited their positions in Peloton during the first quarter as the stock tumbled and the fitness company…
Peloton seeks buyers for minority stake – WSJ
(Reuters) – Fitness equipment maker Peloton Interactive Inc is exploring the sale of a sizable minority stake in the company, the Wall Street Journal reported on Thursday, citing people familiar with the…
Tech executive McCarthy moves to Peloton, investors cheer his arrival
By Svea Herbst-Bayliss BOSTON – Technology industry executive Barry McCarthy is an avid user of a Peloton bike and now the stakes for his workouts are rising as he becomes chief executive…
Peloton CEO To Step Down As Company Cuts Thousands Of Jobs
Peloton co-founder and chief executive John Foley will step down as the company plans to cut thousands of jobs after slowing demand caused a significant decrease in the bike manufacturer’s market value,…
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