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Hydrow Raises $55 Million as the At-Home Fitness Industry Faces a Post-Lockdown Reckoning
Rowing-machine maker Hydrow has landed another $55 million in funding to fuel its growth amid a shakeout in the at-home fitness industry.
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What a Harvard-Trained Sports Medicine Doctor Does When She Doesn't Feel Like Exercising: ‘It's Better Than Nothing'
You don’t need to do a full 30-minute workout to reap the health benefits of exercise, according to Harvard-trained sports medicine doctor Cindy Lin. If you hate exercising, she recommends adding “fitness snacks” to your day instead. Here’s what it is — and how it works.
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Peloton Tests New Pricing Model, Hires Supply Chain Chief Under CEO Barry McCarthy
Peloton’s new CEO Barry McCarthy has only been at the helm of the connected fitness company for about a month, and he’s already shaking things up.
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Dick's Sporting Goods Expects More Profit Momentum After Solid Holiday Quarter
CEO Lauren Hobart said the company’s 2022 outlook establishes a new foundation for the Dick’s to build upon in the future.
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Peloton Ex-CEO John Foley Sells $50 Million in Stock to Michael Dell's Investment Firm
Peloton co-founder and ex-CEO John Foley has sold about $50 million in stock to an investment firm backed by Michael Dell, MSD Partners.
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Planet Fitness CEO Says Gen Zers Are Signing Up for Gym Memberships at Higher Rates Than Pre-Covid
Planet Fitness is seeing more teens sign up for their first gym memberships during the coronavirus pandemic.
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Peloton Resolves Major Outage After Connected Fitness Classes Went Offline
Peloton’s connected fitness services appear to be working again for most users, after the company suffered a major outage Tuesday morning.
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The Fall of Peloton's John Foley and the Stock Market's Big Founder Problem
The departure of Peloton founder John Foley as the company’s CEO raises a question the market has struggled to answer: when should a founder step aside?
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Peloton CEO Barry McCarthy's First All-Hands Meeting Ends Early as Laid-Off Employees Crash It
Peloton held a virtual all-hands meeting Wednesday to introduce its new CEO Barry McCarthy.
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Serena Williams to Star in Tonal's Super Bowl Ad. Home Gym Tells Women to ‘Own Your Strength'
The Super Bowl commercial is part of Tonal’s broader “Strength Made Me” campaign, which celebrates women being strong both physically and mentally.
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Peloton's New CEO, Barry McCarthy, Says He's ‘Here for the Comeback Story,' an Internal Email Shows
Peloton’s new CEO, Barry McCarthy, has a tough path ahead to get the connected fitness company back to profitability.
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Peloton Founder John Foley Calls Recent Events ‘Humbling,' as Cycle Maker Looks to Redefine Itself
“We own it. I own it. And we are holding ourselves accountable,” Peloton founder John Foley. “That starts today.”
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Meet Peloton's New CEO, Barry McCarthy
Former Spotify CFO Barry McCarthy is replacing Peloton co-founder John Foley as chief executive officer.
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Peloton Names Tech Exec Barry McCarthy to Replace CEO John Foley, Unveils Plan to Cut Costs
Peloton said it expects to slash roughly $800 million in annual costs and reduce capital expenditures by about $150 million this year.
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Peloton Shares Are Soaring on Potential Takeover Talks. But Here's Why a Deal Might Not Happen
Cowen & Co. analyst John Blackledge said a deal is unlikely for Peloton, given that the connected fitness company is still in the “early innings” of growth.
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Peloton Stock Surges on Reports Amazon and Nike Are Among Potential Buyers
Peloton has been battered and beaten down so much so in recent months that the connected fitness company is now attracting interest from outsiders.
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Peloton Internal Docs Show It Slashed 2022 Sales Goals for Apparel Unit After Segment Revenue More Than Doubled Last Year
Peloton’s apparel business more than doubled to over $100 million in annual sales last year, according to internal documents obtained by CNBC.
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Activist Investor Blackwells Calls on Peloton to Fire CEO, Explore Sale
Activist Blackwells Capital is pushing Peloton to fire its chief executive officer and consider a sale as its share price has plummeted.
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Peloton's Brand Gets Slammed Again After an Unfavorable Portrayal in ‘Billions'
Capping off a turbulent week, another television character appeared in a popular TV show having a heart attack after riding a Peloton Bike.
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Peloton Shares Rebound After CEO Says It Must ‘Right-Size' Production Levels, Consider Layoffs
Peloton said it’s resetting its production levels and considering layoffs in order to make its business more “flexible.”