All Peloton articles – Page 4
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Article
Lululemon countersues Peloton over its activewear
Lululemon Athletica launched its threatened lawsuit against Peloton Interactive over the latter’s new activewear line in the federal court for Central California on Nov. 29. Lululemon had sent a cease-and-desist letter to Peloton on Nov. 11, claiming potential infringement of six design patents by five items in the latter’s collection. ...
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News briefs
Peloton sues Lululemon
Peloton Interactive filed a lawsuit in a Manhattan federal court on Nov. 24 against Lululemon Athletica, a former partner with which it subsequently parted amicably. It appears that the American supplier of connected fitness equipment is seeking to head off a likely legal challenge from the Canadian-based sports apparel company, ...
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News briefs
Peloton sues iFIT and Echelon Fitness again
Peloton Interactive is suing iFIT and Echelon Fitness in a federal Delaware court, accusing them of infringing on its four patents for on-demand exercise classes and other features, including two patents inherited through its acquisition of Precor. Peloton sued Echelon in 2019 for patent infringement and for copying its business ...
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News briefs
Peloton offers over $1.1 bn in new shares
With its cash flow turned negative by $522 million at the end of its September quarter, Peloton Interactive has decided to launch a secondary offering for 23.9 million Class A shares priced at $46 each to raise $1,099 million. It is also proposing an over-allotment of $150 million depending on ...
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Article
Peloton cuts its sales guidance by $1 bn
Peloton Interactive lost more than one-fourth of its value on the stock exchange as the company slashed its sales guidance for the full financial year by up to $1 billion, predicting that revenues will range from $4.4 billion to $4.8 billion. Analysts were budgeting sales of $5.4 billion for the ...
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Article
Peloton diversifies into strength training and more
Predicting an adjusted Ebitda loss of $325 million for the current financial year, ending in June 2022, Peloton Interactive told the Goldman Sachs Communacopia Conference that it will be a year of important new product releases as well as strong investments in marketing, supply chain and IT. Notably, the company ...
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News briefs
Peloton scores a victory in patent suit
A federal court in Texas has dismissed claims of patent infringement made by Mad Dogg Athletics against Peloton Interactive. Mad Dogg argued that Peloton’s business model was infringing on two patents it held for its own exercise bikes. The court rejected the claims, argueing that the two patents were abstract ...
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News briefs
Peloton releases its first full range of apparel
After dabbling with a few apparel items in the recent past, including a collaborative line developed with Adidas, Peloton Interactive has released its first full private-label collection of men’s, women’s and gender-neutral fitness garb, calling it Peloton Apparel, for autumn 2021. The items are made of four fabrics, each with ...
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Infographics & DataThe largest Sports Equipment Brands 2020
This chart shows the revenue development of the 41 major global sports equipment brands in 2020 vs 2019. The chart and data can be downloaded. This is exclusive data and analysis for Premium Members.
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AnalysisMarket Analysis: The sports equipment market
This is an exclusive, yearly statistic only available for subscribers of SGI Europe. It includes revenue and market share development of the major global sports equipment brands including breakdown by region.
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News briefs
Peloton faces governmental inquiries
Peloton Interactive has revealed that it is under investigation by the U.S. Department of Justice and the Department of Homeland Security about its reporting of the treadmill accidents that resulted in a much-publicized product recall earlier this year. Peloton is also being investigated by the U.S. Securities and Exchange Commission, ...
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Article
Peloton cuts bike price again, signals growth slowdown after Q4 loss
Peloton Interactive cut the price of its original stationary bike again and signaled that slower growth is on the horizon after posting a hefty net loss in the fourth quarter of its fiscal year. The company reported a net loss of $313.2 million for the quarter ended June 30, against ...
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News briefsPeloton develops rhythm-based video game workout
Peloton is in the final testing stages of a new application that explores the intersection of fitness and gaming, the company said in a press release. The new game, called “Lanebreak,” is designed to “provide a greater variety of workout options to members beyond instructor-led classes,” said David Packles, senior ...
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News briefs
Peloton opens a store in Leipzig
Peloton Interactive continues to expand its presence at retail in Germany, one of the few foreign markets currently under its radar. It has opened its eighth German store in the city center of Leipzig, replacing a former pop-up area in the local department store of Breuninger. Located in the Specks ...
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News briefs
Peloton reportedly plans to launch a wearable device
Peloton Interactive is working on a digital heart-rate armband, according to a Bloomberg report. Confidential details and images of the device, as revealed by Bloomberg, show that the armband will come in small and large sizes and will pair wirelessly with Peloton’s cycles and treadmills, in addition to the phones, ...
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News briefs
Peloton launches a corporate wellness initiative in some countries
Businesses and organizations in certain countries will be able to offer subsidized access for their staff to Peloton’ connected fitness memberships and products through a new program, Peloton Corporate Wellness. Steered by a dedicated global general manager, Cassidy Rouse, the program is being offered for the moment to businesses and ...
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News briefs
Peloton plans to enter one or two markets each year
While confirming its entry into the Australian market, which is expected to coincide with the start of its 2021/22 financial year on July 1, Peloton Interactive said it plans to move into one or two additional foreign markets each year. Addressing financial analysts at the Bank of America’s Securities Global ...
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News briefs
Peloton plans a $400m factory in Ohio
Peloton Interactive has announced a plan to invest $400 million in a new U.S. factory to make its stationary bikes and treadmills, which currently come mainly from Taiwan, to help accelerate deliveries to customers. Located in the Troy Township of Wood Country, Ohio, the new facility should start up in ...
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News briefs
Peloton pushes software lock to Tread+
Peloton Interactive has followed through on its agreement with the CPSC to improve the safety of its treadmills by requiring users to unock the devices with a four-digit PIN, dubbed “Tread Lock,” after 45 seconds of inactivity. The feature is part of an automatic software upgrade that is being pushed ...
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Article
Peloton reports 141% higher sales, sees a $165m hit from product recall
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 speeding ...
