All Peloton articles – Page 4
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Infographics & DataSporting Goods Scorecard Q1 2022 - The top performers by sales and profit
This exclusive chart and data can be downloaded by our Premium Members.
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ArticleAnalysis: Sporting Goods Industry Scorecard Q1 2022
Find out about the top industry performers. With our first quarter 2022 Sporting Goods Industry Scorecard, we provide an overview by sales and profit.
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ArticlePeloton Interactive working to get wheels aligned as losses mount
Peloton Interactive’s bumpy ride to a turnaround that includes generating positive free cash flow in financial year 2023 is underway, but many paths remain to be taken before any destination is reached. CEO Barry McCarthy, a former Netflix CFO, has been on the job for exactly three months, and he’s ...
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News briefsWSJ Report: Peloton pursuing minority investor
Some two months after announcing massive business changes and days before reporting its first-quarter results on May 10, Peloton Interactive is reportedly looking for a suitor to a minority stake of 15 percent in the fitness company that is now headed by former Netflix and Spotify executive Barry McCarthy. The ...
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ArticleBlackwells wants Peloton to transform or sell
Peloton is again under pressure from activist investor Blackwells Capital LLC, which owns nearly 5 percent of the company and in January urged Peloton Interactive co-founder and CEO John Foley to resign. Blackwells released a presentation on April 12 stating that “two months since Peloton hired one of the highest-paid ...
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News briefsPeloton expands leadership team with new chief supply chain officer and chief people officer
Peloton announced that Andrew Rendich has joined the company as chief supply chain officer, effective March 16. Previously SVP, global head of people, Shari Eaton, has been promoted to chief people officer. Andrew Rendich Rendich, who brings 30 years of experience in supply chain, operations, customer service ...
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News briefsPeloton’s new CEO contradicts sale rumors
The Verge reports that Peloton’s new CEO, Barry McCarthy, has denied the rumors about the sale of the company in an interview with the Financial Times. The company faced rumors after missing Wall Street projections and laying off 2,800 employees. McCarthy told FT that he wouldn’t move from California to ...
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ArticleNew CEO as Peloton’s wheels are no longer spinning in place
The business of Peloton Interactive took a wild ride that will undoubtedly alter the leading connected fitness brand’s course in the months ahead, possibly resulting in a change of ownership, as previously reported. Under fire from investors such as Blackwells Capital, which issued a detailed 65-page report on the company’s ...
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News briefsAre Amazon and Nike interested in Peloton?
We recently reported that an activist investor in Peloton had called on the board to fire the CEO and explore a sale of the company, whose share price had fallen dramatically due to declining demand for its connected fitness solutions. Now Peloton’s share price has risen by just over a ...
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News briefs
Peloton gets sued about overtime pay
Adding to many other pending product liability and class action suits affecting the American connected fitness company, it’s now the turn for a former inside sales representative to sue Peloton Interactive, this time for alleged violation of federal and state labor legislation. The suit, filed in the New York Court ...
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News briefs
Investor calls for Peloton to be sold and its boss to be fired
An activist investor in Peloton Interactive is calling on its board of directors to dismiss its CEO and co-founder, John Foley, and to explore a sale of the company, whose share price has declined drastically due to falling demand for its products and connected fitness solutions. Blackwells Capital, which holds ...
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Article
Peloton denies plans to pause manufacturing
While confirming that it is re-evaluating its organizational structure and the size of its staff, Peloton Interactive denied a new report that it was going to temporarily halt production of its stationary bikes and treadmills in response to softening demand. John Foley, co-founder and CEO of the American connected fitness ...
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Peloton raises prices, contemplates restructuring
The former star of the connected fitness industry and the stock market has asked McKinsey & Co. to review its cost structure with an eye toward cutting overheads by shutting down its new in-house apparel division, which is in litigation with Lululemon, and by eliminating some jobs, according to a ...
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News briefs
Nasdaq downgrades Peloton
The Nasdaq stock exchange said it will take Peloton Interactive out of its prime Nasdaq 100 Index on Jan. 24, when it will be replaced by a trucking company. The change follows a drop of 74 percent in the company’s stock market capitalization in the course of 2021. It closed ...
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News briefs
Lululemon accuses Peloton of improper legal conduct
Lululemon Athletica asked a federal U.S. court in Manhattan to dismiss a lawsuit filed by Peloton Interactive on Nov. 24, claiming improper legal behavior. The Canadian sports apparel company supplied the clothing for a Peloton branded line from 2016 until the American connected fitness company launched its own range in ...
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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 ...
