peloton news

KEY POINTS Peloton told employees it is slashing roughly 780 jobs, closing a significant number of its stores and hiking prices on some equipment. The company didn’t specify how many of its 86 retail locations it plans to shutter. It said it will exit last-mile logistics, Read More

Peloton is hiking prices for its fitness bike and treadmill by $250 and $350 respectively. Delivery and setup were previously free with purchase, but customers will have to pay separately from January 31. A Peloton spokesperson told CNBC it was being hit by “global economic Read More

And just like that — Peloton’s ad featuring Chris Noth is gone. The exercise equipment company over the weekend had rushed out a tongue-in-cheek ad featuring the actor, following his character’s untimely death in the first episode of HBO Max’s “And Just Like That,” a revival Read More