All Peloton articles

  • Article

    Peloton reports 141% higher sales, sees a $165m hit from product recall

    2021-05-09T21:24:00Z

    Just after announcing a recall of its connected home treadmills, Peloton Interactive reported better-than-expected sales and a smaller net loss for the third quarter ended March 31 as the demand for its stationary bikes, which represent the bulk of its business, remained strong and the company was successful in ...

  • Article

    In a switch, Peloton recalls its treadmills

    2021-05-06T16:29:00Z

    Acting in conjunction with the U.S. Consumer Product Safety Commission (CPSC) and after refusing last month to do so, Peloton Interactive has issued separate product recalls for its Tread+ and Tread treadmills, of which about 125,000 have been sold so far. The affair stems from ...

  • News briefs

    Peloton is hit by a class action suit

    2021-05-04T14:38:00Z

    The shareholders of Peloton Interactive are being asked to participate in a common class action suit against the company, accusing it and its top executives of violating federal securities laws in connection with the death on March 17 of a child trapped under one of the company’s Tread+ ...

  • News briefs

    Peloton says its Tread+ treadmill is safe

    2021-04-20T16:47:26.203Z

    Peloton has issued a statement to refute the claims by the U.S. Consumer Product Safety Commission ( CPSC ) about the safety of the Peloton Tread+ treadmill following a series of incidents with the equipment. A child died in March while using the Tread+, as previously reported by ...

  • News briefs

    Dish sues Peloton, Lululemon and Icon Health & Fitness over streaming technology

    2021-04-16T15:24:00Z

    Connected fitness remains a hot issue in terms of intellectual property rights . Dish Network Corp. and its Sling TV division are suing Peloton Interactive , Lululemon Athletica and Icon Health Fitness for allegedly infringing five patents for technology that improves the quality of ...

  • News briefs

    Icon sues Peloton once more

    2021-04-09T15:17:00Z

    Icon Health Fitness has filed its fourth suit against Peloton Interactive in the U.S. federal court in Delaware, where two other suits filed last year are still pending. This time, Icon is attacking the Auto Follow feature of Peloton’s new Bike+ model, which automatically ...

  • News briefs

    Peloton wins fees in a sordid patent case

    2021-04-02T15:50:00Z

    A U.S. court has awarded $4,299,163 to Peloton Interactive to cover attorneys’ fees and other expenses it incurred in a sordid patent infringement suit brought in 2016 by VR Optics . The whole thing started when Peloton hired the Villency Design Group (VDG) in 2012 to design its ...

  • News briefs

    Peloton completes the acquisition of Precor

    2021-04-02T15:50:00Z

    Peloton Interactive has completed its acquisition of Precor , the American producer of fitness equipment that was part of Amer Sports until the Anta-led consortium agreed to divest it last December for a price of $420 million in cash, with adjustments for working capital, transaction expenses, cash ...

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    Article

    Sporting goods industry stocks rose by 10.9% in Q1 2021

    2021-04-01T13:37:00Z

    Confirming the resilience of our industry, the average stock market value of 38 selected public companies in the sporting goods sector advanced by 10.9 percent in the first three months of 2021. Comparatively, the main stock indices grew by only between 2.4 percent and 8.5 percent over the period.

  • News briefs

    Peloton makes new acquisitions, moves into Australia

    2021-03-25T11:25:00Z

    Peloton has announced the completion of three new acquisitions: Aiquido , a company that has developed an AI-power digital voice assistant; Atlas Wearables , a producer of fitness-centered smartwatches; and Otari , the developer of an interactive workout mat with an attached LCD screen. In another new initiative, it ...

  • News briefs

    New video series by Adidas shares empowering stories from women

    2021-03-23T17:30:00Z

    Adidas has already indicated that it is focusing on women in many different ways as part of its new strategic development program. An all-new video series by Adidas, titled “ Taking 5 ,” features the stories of women in sports who share their personal insights and encourage more women ...

  • News briefs

    Peloton reveals a child's death in a treadmill-related accident

    2021-03-19T20:33:00Z

    Peloton Interactive revealed on its website that a child was killed in an accident involving its Tread+ treadmill. The company reiterated a safety warning about the potential risks for children from accidents involving treadmills after a child was killed in a “tragic accident” involving the firm’s exercise equipment. ...

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    News briefs

    Adidas and Peloton collaborate on apparel

    2021-03-18T16:15:00Z

    As expected, Adidas has announced the launch of a line of apparel with Peloton on March 25. The Adidas x Peloton spring/summer 2021 collection – designed in collaboration with the Peloton instructors Ally Love , Robin Arzón and Cody Rigsby – is made of ...

  • News briefs

    Peloton wants Mad Dogg’s Spinning trademarks cancelled

    2021-02-23T18:04:00Z

    Complaining that Mad Dogg Athletics has been “abusively enforcing” the trademarks it registered in the U.S. for Spin and Spinning , Peloton has asked the Trademark and Appeal Board of the U.S. Patent Trademark Office ( USPTO ) to cancel them. Peloton argues that the ...

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    Analysis

    How COVID-19 has impacted the Fitness Market – Insights and Trends 2021

    2021-02-17T09:31:00Z

    The COVID-19 pandemic has caused a sudden halt to the booming fitness market. But not all segments have faltered. Some even have profited from the recent developments. We take a look at the situation before Corona hit, the changes it caused, and the trends that will follow in 2021.

  • News briefs

    Peloton has quickly completed a $1.0 billion bond issue

    2021-02-12T16:32:00Z

    Peloton Interactive has obtained all the extra funds it wanted. The fast-growing connected fitness company has announced the completion of a convertible bond offer that is generating gross proceeds of $1.0 billion, including an over-allotment option for $125.0 million, which has been exercised faster than planned. The net proceeds ...

  • Article

    Peloton jumps further, plans a bond issue of up to $1 billion

    2021-02-09T16:01:00Z

    After reporting on another profitable quarter in which its revenues topped the $1 billion threshold, Peloton Interactive announced the launch of a convertible bond issue that may total $1 billion through a private placement intended to reduce any dilution of the shareholders’ current holdings. It will consist of an ...

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    Infographics & Data

    Ranking - Global stock market performers 2020

    2021-01-05T08:56:00Z

    This exclusive chart shows the ranking of the largest listed sporting goods companies in 2020 by market capitalization. The chart can be downloaded in JPG, PNG or PDF format. This is exclusive data for Premium Members.

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    Article

    Peloton prepares to acquire Precor

    2020-12-22T15:12:00Z

    Peloton Interactive has entered into an agreement to acquire Precor , the American producer of fitness equipment products, for $420 million. Precor, which last reported a turnover of close to $450 million in 2018, is a unit of Amer Sports , which has been taken over by a consortium ...

  • News briefs

    Peloton faces yet another patent infringement lawsuit

    2020-12-17T14:18:00Z

    Mad Dogg Athletics (MDA), which claims to have pioneered indoor bike spinning in the 1990s, has filed a lawsuit against Peloton Interactive for allegedly infringing on two MDA patents for stationary bikes - U.S. Patent Nos. 9,694,240 (2017) and 10,137,328 (2018) - which were obtained years after Peloton ...