Health and Fitness Club Industry News: Suppliers
Wednesday, September 24th, 2025
Peloton Awarded with WHEDco’s Community Builder Award
Posted: October 26, 2022 in Suppliers
NEW YORK, N.Y. - Peloton was recently honored with the Community Builder Award presented at the Women’s Housing and Economic Development Corporation (WHEDco) Benefit and Ballgame, alongside The Local Initiatives Support Corporation (LISC). The annual event, held at Yankee Stadium, celebrates the critical work of WHEDco and the Bronx residents they serve. Read More...
A Statement From Peloton CEO And President Barry Mccarthy
Posted: October 6, 2022 in Suppliers
NEW YORK, N.Y. - Peloton (NASDAQ: PTON) announces approximately 500 global team member positions have been eliminated as part of the final phase of the company's transformation journey. The restructuring of Peloton's business and capital structure to assure its long-term health is complete, and management's focus is now on growth. CEO and President Barry McCarthy reinforces his belief in the lasting resilience of the Peloton business and thanks departing team members for their contributions to the business... Read More...
Peloton Releases Peloton Row and New Features on Peloton Guide
Posted: September 20, 2022 in Suppliers
NEW YORK, N.Y. - Peloton (NASDAQ: PTON), a global leader in immersive connected fitness experiences, unveils Peloton Row, marking its highly anticipated entry into rowing. Following in the path of its existing portfolio, Peloton Row combines the innovative software, premium hardware design and exclusive content that make up the signature Peloton experience with a unique low-impact, full-body cardio and strength workout. Pre-orders in the U.S. start immediately, with deliveries anticipated to begin in December 2022. Read More...
Peloton Announces Changes to Leadership Team
Posted: September 12, 2022 in Suppliers
NEW YORK, N.Y. - Peloton Interactive, Inc. (NASDAQ: PTON) announces changes to its leadership team. The company has accepted the resignations of John Foley as Executive Chair and Hisao Kushi as Chief Legal Officer, effective September 12, 2022 and October 3, 2022, respectively. The Board has appointed Karen Boone as Peloton's Chairperson of the Board. Tammy Albarrán will replace Kushi as Chief Legal Officer and Corporate Secretary. Read More...
Peloton Launches Products, Apparel and Accessories in Amazon’s U.S. Stores
Posted: August 24, 2022 in Suppliers
NEW YORK, N.Y. - Peloton Interactive, Inc. (NASDAQ: PTON) announces the Peloton Bike, Guide, and select accessories and apparel are now available for purchase in Amazon's U.S. stores, with Bike delivery available to most of the United States. Previously, Peloton's new products and accessories were sold, exclusively, through the brand's e-commerce site, inside sales channels and global showrooms. Read More...
Peloton Exits Owned-Manufacturing and Expands Partnership with Leading Taiwanese Manufacturer Rexon
Posted: July 12, 2022 in Suppliers
NEW YORK, N.Y. - Peloton Interactive, Inc. (NASDAQ: PTON) ("Peloton" or the "Company") announces it is exiting all owned-manufacturing operations and expanding its current relationship with leading Taiwanese manufacturer Rexon Industrial Corp. The shift is a natural progression in Peloton's strategy to simplify its supply chain and focus on technology and best-in-class content to continue driving the business forward as the leading global connected fitness company. Read More...
Peloton Appoints Liz Coddington as Chief Financial Officer
Posted: June 6, 2022 in Suppliers
NEW YORK, N.Y. - Peloton Interactive, Inc. (NASDAQ: PTON) announces it has appointed Liz Coddington as the company's Chief Financial Officer, effective June 13, 2022. Ms. Coddington brings more than 20 years of experience in financial planning and analysis and operational finance and has a proven track record of driving growth and building high-performance finance teams. She succeeds Jill Woodworth, who has decided to step down as Peloton's Chief Financial Officer after serving the company since 2018. Read More...
Peloton and iFIT Announce Settlement of All Pending Litigation
Posted: May 16, 2022 in Suppliers
NEW YORK, N.Y. and LOGAN, UT - Peloton (NASDAQ: PTON) and iFIT announce the settlement of all pending litigation between them. All pending actions between the companies will be dismissed. As a result of this comprehensive settlement, iFIT has agreed to remove certain on-demand leaderboard technology from its products, and Peloton has agreed to license certain iFIT patents relating to remote control technology. The parties are pleased to put the litigations behind them and will have no further comment. Read More...
Peloton Expands Team With Hire of Andrew Rendich as Chief Supply Chain Officer and Promotion of Shari Eaton to Chief People Officer
Posted: March 10, 2022 in Suppliers
NEW YORK, N.Y. - Peloton (NASDAQ: PTON) announces that Andrew Rendich will be joining the company as Chief Supply Chain Officer, effective March 16, and Shari Eaton, currently Senior Vice President (SVP), Global Head of People, has been promoted to Chief People Officer. Read More...
Echelon Fitness Trade-In Program Available for Commercial-Grade Connected Bikes
Posted: March 3, 2022 in Suppliers
CHATTANOOGA, TN - Echelon, the connected fitness company revolutionizing the way people move, is offering a limited-time trade-in offer. For any Peloton bike turned in, there is a guaranteed trade-in value of up to $1,400 towards the purchase of a new commercial-grade Echelon Connect Bike. This offer includes free shipping and professional installation. Read More...
Peloton Announces Comprehensive Program to Reduce Costs and Drive Growth, Profitability and Free Cash Flow
Posted: February 9, 2022 in Suppliers
NEW YORK, N.Y. - Peloton Interactive, Inc. (NASDAQ: PTON) has announced a series of steps it is taking to position the business for long-term growth while establishing a clear path to consistent profitability and sustainable free cash flow. Once these actions are fully implemented, the company expects to achieve at least $800 million of annual run-rate cost savings through operating expense efficiencies and significant margin improvement in its Connected Fitness category. Read More...
Peloton Announces Leadership Transitions to Position Peloton for Sustainable Growth, Profitability and Long-Term Success
Posted: February 8, 2022 in Suppliers
NEW YORK, N.Y. - Peloton Interactive, Inc. (NASDAQ: PTON) has announced the following leadership transitions: Barry McCarthy, who has held senior leadership roles at Spotify and Netflix and is a longtime advisor and Board Member at public and private technology companies, has been appointed CEO and President of Peloton, effective on February 9, 2022. He will also join Peloton's Board of Directors. Peloton Co-Founder John Foley will become Executive Chair. William Lynch transitions from President of Peloton to a non-executive Director on the Board. Read More...
Peloton Announces Corporate Wellness Offering
Posted: June 23, 2021 in Suppliers
NEW YORK, N.Y. - Peloton (Nasdaq: PTON) has announced Peloton Corporate Wellness, a new way to bring Peloton content or connected fitness products to businesses and organizations operating in the United States, United Kingdom, Canada and Germany, with Australia coming later this year. Read More...
Peloton To Build First U.S. Factory
Posted: May 24, 2021 in Suppliers
NEW YORK, N.Y. - Peloton Interactive, Inc. (Nasdaq: PTON) has announced plans to build its first U.S. factory. After a rigorous selection process, Peloton selected Troy Township in Wood County, Ohio for the site of Peloton Output Park (POP), a state-of-the art factory that will be dedicated to producing Peloton's award-winning Peloton Bike, Bike+ and Peloton Tread starting in 2023. Peloton expects to break ground on the site later this summer. Throughout the multi-year development, Peloton will commit approximately $400 million to the facility. Read More...
CPSC and Peloton Announce Recall of Tread+ and Tread Treadmills Due to Risk of Injury
Posted: May 5, 2021 in Suppliers
WASHINGTON, D.C. - The U.S. Consumer Product Safety Commission (CPSC) and Peloton announce two separate voluntary recalls of Peloton's Tread+ and Tread treadmills. Consumers who have purchased either treadmill should immediately stop using it and contact Peloton for a full refund or other qualified remedy as described in the following press releases. Peloton has also stopped sale and distribution of the Tread+ and continues to work on additional hardware modifications. CPSC previously warned consumers about the Tread+ in April. Read More...
Peloton Completes Acquisition of Precor
Posted: April 1, 2021 in Suppliers
NEW YORK, N.Y. - Peloton (NASDAQ: PTON), a leading interactive fitness platform, announces it has officially closed the acquisition of Precor, one of the largest global commercial fitness equipment providers with a significant U.S. manufacturing presence. Peloton acquired Precor for $420 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness. The acquisition of Precor was announced on December 21, 2020. Read More...
Peloton Announces Expansion Into Australia
Posted: March 8, 2021 in Suppliers
NEW YORK, N.Y. - Peloton, a leading interactive fitness platform that pioneered connected, technology-enabled fitness, has announced plans to launch in Australia, marking the brand's entry to the Asia Pacific Region. Read More...
Peloton Enters into Agreement to Acquire Cevian Technologies
Posted: February 23, 2021 in Suppliers
CALGARY, AB - Peloton announces that they have entered into an agreement to acquire Cevian Technologies, a cloud-based software company that specializes in real-time data acquisition, visualization and reporting tools for the completions industry. Read More...
Peloton Signs Agreement To Acquire Precor
Posted: December 21, 2020 in Suppliers
NEW YORK, N.Y. - Peloton (NASDAQ: PTON), a leading interactive fitness platform, has announced that it has entered into an agreement to acquire Precor, one of the largest global commercial fitness equipment providers with a significant U.S. manufacturing presence, in a transaction valued at $420 million USD. With the acquisition, Peloton plans to establish U.S. manufacturing capacity, boost research and development capabilities with Precor's highly-skilled team and accelerate Peloton's penetration of the commercial market. Read More...
Peloton Announces Settlement Of Litigation Against Flywheel Sports, Inc.
Posted: February 5, 2020 in Suppliers
NEW YORK, N.Y. - Peloton (NASDAQ: PTON), the world's largest interactive fitness platform, has announced that it has settled its patent infringement litigation against Flywheel Sports, Inc. In 2018 and 2019, Peloton initiated patent infringement suits against Flywheel related to its Fly Anywhere bike for infringing on Peloton's patented technology. Peloton now officially issues the following statement... Read More...
