Hints and tips:
...Peloton had benefited during the pandemic from a surge in at-home fitness....
...Its value has been boosted by providing indoor workout plans and selling home exercise equipment during the pandemic....
...He points to a few exceptions among businesses which have resisted such cyclical policies of hiring and firing: Southwest Airlines, the outdoor equipment company Patagonia and Barry-Wehmiller, the industrial...
...Planet Fitness owns and operates some of its gyms. But the bulk of its revenue comes from franchise fees and selling equipment to franchisees. Franchising is not riskless....
...As the easing of coronavirus-related lockdowns has encouraged more people to return to gyms and fitness studios, Peloton has struggled to maintain its equipment sales, which account for about 60 per cent...
...He looks at the costs of being addicted to connected fitness equipment, in this FT Weekend essay....
...This is a streaming business dependent on an initial delivery of bulky equipment. The slipstream of Amazon Prime could drag it back to cruising speed....
...The activist investor is calling for the connected-fitness equipment maker to give chief executive John Foley the boot and put the company up for sale....
...In 2020 Amazon launched a fitness band, Halo, that monitors activity and sleep patterns. It added a second device, the Halo View, to the range late last year....
...“We can invest more in tech, the quality of our equipment and give access to more content at lower prices. Scale brings advantages”, he said....
...Barry McCarthy, the former chief financial officer of Spotify Technology SA and Netflix Inc., will become CEO and president and join Peloton‘s board....
...Among the stocks that had the biggest losses was fitness equipment maker Peloton, dropping 24 per cent as CNBC reported it would temporarily stop manufacturing new bikes and treadmills because of waning...
...Peloton’s share price climbed from $28 at the end of 2019 to peak at more than $170 in early 2021, as investors bet that the maker of connected fitness bikes and treadmills would prosper during lockdowns...
...A version of this article was first published by Nikkei Asia on May 27 2022. ©2022 Nikkei Inc....
...While Peloton has 2m subscribers, not everyone can afford — or has room for — such bulky equipment....
...The fitness equipment group recalled the treadmills on Wednesday following reports of injuries and one death....
...Working, studying and entertaining oneself at home created the need for new TVs, notebooks, monitors, tablets, fitness equipment and game consoles, as well as bolstering the adoption of faster 5G connectivity...
...Today, the fitness equipment group’s shares change hands for just $110. As for the convertible, it trades at $95, even after rallying in recent weeks....
...In late December Peloton announced the purchase of Precor, one of the world’s biggest fitness equipment makers, for $420m, adding manufacturing capacity for Peloton products....
...In the past 12 months we have spent £100,000 on PPE, masks, gloves, cleaning equipment and employed eight extra staff to concentrate on Covid hygiene measures....
...But the company’s ability to add new subscribers who do not own Peloton equipment has bolstered membership....
...It is part of a larger rotation from some of the pandemic’s big winners such as video conferencing provider Zoom and home-fitness equipment maker Peloton to those companies that can expect a boost out of...
...In running, the basic equipment matters, starting with your shoes. A basic foundation of investing is your platform, a website or smartphone app where you can buy and sell investments....
...Equipment sales account for about 80 per cent of Peloton’s revenues....
...Lululemon, the yogawear specialist, has agreed to pay $500m to buy Mirror, a home-workout equipment company backed by hedge fund manager Steve Cohen....
International Edition