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peloton – XtremeCuztoms

Tag: peloton

Peloton the Rebrand: High End Exercise Bike Maker Says It’s Now a Health Company for All

Peloton is undergoing a significant rebrand, dumping its identity as a seller of luxury exercise bikes and equipment to heath technology for all. “We’re shifting perceptions from in-home to everywhere, fitness enthusiasts to people at all levels, exclusivity to inclusivity across all Peloton members present and future,” Chief Marketing Officer Leslie Berland said in a…


Recalled Peloton Treadmills Get US Regulator Approval for Repair

The U.S. Consumer Product Safety Commission (CPSC) on Thursday approved a repair for a rear guard of Peloton Interactive Inc.’s recalled ‘Tread+’ treadmill. The fitness equipment maker had announced a costly recall of its ‘Tread+’ treadmill in 2021 following the reports of multiple injuries and the death of a child in an accident. Shares of…


Peloton Is Recalling More Than 2 Million Exercise Bikes Over Injury Risk

Peloton is recalling 2.2 million of its exercise bikes in the United States over concerns that the bike’s seat can break during use, posing fall and injury hazards, the Consumer Product Safety Commission (CPSC) announced Thursday. The recall impacts the Peloton Bike Model PL01, which is 4 feet long by 2 feet wide, and has an adjustable…


Peloton to Pay $19 Million for Not Reporting Deadly Treadmill Safety Hazards, Selling Recalled Products

The exercise equipment company Peloton has agreed to pay a $19,065,000 civil penalty in a settlement for failing to report defective equipment and knowingly selling recalled treadmills. Beginning in December 2018 and continuing through 2019, Peloton began receiving reports of injuries related to its Tread+ treadmill product. The U.S. Consumer Product Safety Commission (CPSC) said…


2 Peloton Co-founders Leave Amid Massive Restructuring

Peloton Interactive Inc. co-founders John Foley and Hisao Kushi are stepping down from their executive roles, at a time the troubled exercise bike maker is undergoing massive changes to trim losses and win back investor confidence. “It is time for me to start a new professional chapter,” said Foley, who was replaced earlier this year…


LIVE NOW: California’s Checkbooks Now Open to Public; Amazon to Shut Down Telehealth Unit | NTD Business

Amazon, shutting down its telehealth service—rethinking its approach for expanding into health care. Peloton shares tumble after the fitness company reports a big quarterly loss. California’s checkbooks are finally made public. A decade of trying from a watchdog group shows us what the state is spending taxpayer money on. A new coffee collection, inspired by the beloved…


California’s Checkbooks Now Open to Public; Amazon to Shut Down Telehealth Unit | NTD Business

Amazon is shutting down its telehealth service—rethinking its approach for expanding into health care. Peloton shares tumble after the fitness company reports a big quarterly loss. California’s checkbooks are finally made public. A decade of trying from a watchdog group shows us what the state is spending taxpayer money on. A new coffee collection is inspired by…


Peloton to Cut Jobs, Shut Stores, and Raise Prices in Company-Wide Revamp

Peloton Interactive Inc. said on Friday it would cut jobs, shut stores, and raise prices on its exercise equipment including treadmills and top-end bikes as it undertakes a company-wide revamp to shore up its revenue and improve cash flow. Shares of the company surged about 11 percent in afternoon trade after the company said in…


House Set to Pass Inflation Reduction Act; Peloton Laying Off 800 Employees | NTD Business

The House is set to pass the Inflation Reduction Act, but experts are divided on whether it will actually help Americans. Fitness company Peloton is laying off hundreds of workers and raising prices on exercise equipment. Johnson & Johnson is dropping talc-based baby powder next year, a product that has been at the center of tens of…


Peloton to Stop Making Its Own Bikes, Treadmills

Peloton will stop making its own interactive stationary bikes and treadmills, outsourcing those duties to a Taiwanese manufacturer as it attempts to revive sales that surged during the pandemic. The New York City company, which recorded its only profitable quarters during the pandemic, is seeking to lower costs after sales slid when gyms began to…