Tuesday, September 26, 2023
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

Peloton to start selling bikes, apparel through Amazon U.S.

in News
Peloton to start selling bikes, apparel through amazon u. S.
Share on LinkedinShare on WhatsApp

Peloton will start selling a selection of its connected-fitness equipment and accessories on Amazon U.S., the company announced on Wednesday.

The move is intended to increase distribution as the fitness equipment maker struggles with weak demand and a plunging stock price.

Shares of Peloton rose 17% premarket after the partnership with the e-commerce giant was announced.

“Expanding our distribution channels through Amazon is a natural extension of our business,” Peloton Chief Commercial Officer Kevin Cornils said. “Post-Covid, the retail environment is continuing to evolve”.

Cornils noted that there are already about half a million searches on Amazon each month for Peloton’s products.

“Physical retail is always going to be an important part of our strategy,” said Cornils. “This is more of a reflection of us trying to match the consumer.”

Peloton’s shares are down about 70% year to date. Its market cap plunged to around $3.7 billion, from the highest $50 billion in early 2021.

Until now, the company’s new products and accessories were sold on its own site and in physical showrooms directly to consumers.

After being appointed in February in replacement of the company’s founder John Foley, CEO Barry McCarthy has committed to widening Peloton’s distribution globally and lowering costs.

Tags: AmazonBarry McCarthyE-CommercePeloton

Related Posts

Credit card companies continue racking up losses
Industry

Credit card companies continue racking up losses

Federal reserve to lay off hundreds of workers
Innovation

Federal Reserve to lay off hundreds of workers

Mcdonalds hikes up franchising royalty fees
Business

McDonalds hikes up franchising royalty fees

Hollywood studios reaches tentative deal with  wga
Industry

Hollywood studios reaches tentative deal with WGA

Philip morris weighs selling stakes in pharmaceutical sector
Business

Philip Morris weighs selling stakes in pharmaceutical sector

Treasury yield hits 15-year high
Industry

Treasury yield hits 15-year high

Cisco to acquire splunk for $28 billion
Business

Cisco to acquire Splunk for $28 billion

Rupert murdoch resigns as head of fox news and news corp.
Management & Leadership

Rupert Murdoch resigns as head of Fox News and News Corp.

Us brings back free at-home covid tests
Innovation

US brings back free at-home Covid tests

Instacart loses ipo gains during second trading day
Business

Instacart loses IPO gains during second trading day

No Result
View All Result

Recent Posts

  • Usher tapped for Super Bowl halftime show
  • 67 countries sign UN ocean treaty
  • Amazon to implement ads on streaming service
  • Walmart sets sights on pet industry
  • Credit card companies continue racking up losses

Recent Comments

  • Juul Unveils Cutting-Edge Vaping Tech: Navigating FDA Uncertainties – iStreetPark Blog on Juul hopes FDA won’t ban its new high-tech vape
  • CEO North America, August - September 2023 - CEO North America on Interviews – CEO North America, October – November 2022
  • CEO North America, August - September 2023 - CEO North America on CEO North America, December 2022 – January 2023
  • CEO North America, August - September 2023 - CEO North America on Why Tech Companies Are Moving to Texas and Florida
  • CEO North America, August - September 2023 - CEO North America on CEO North America, February 2023 – March 2023

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Editorials – stuart.james@ceo-na.com

Advertising – media@ceo-na.com

NEW YORK

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

 

MEXICO CITY

Paseo de la Reforma 296,
Floor 38
Mexico City
06600
MEXICO

HOUSTON

1201 Fannin St.
Suite 262
Houston, TX
77002
USA

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Editorials –
stuart.james@ceo-na.com

Advertising –
media@ceo-na.com

NEW YORK

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

MEXICO CITY

Paseo de la Reforma 296,
Floor 38
Mexico City
06600
MEXICO

HOUSTON

1201 Fannin St.
Suite 262
Houston, TX
77002
USA

CEO North America © 2022 - Sitemap

No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Warning: array_sum() expects parameter 1 to be array, null given in /home/ceonacom/public_html/wp-content/plugins/jnews-social-share/class.jnews-social-background-process.php on line 111