Peloton Interactive (NASDAQ:PTON) slid sharply after the publication of a new report highlighting headwinds facing the fitness company. Fitness as a service churn appears to have accelerated, according to M Science. Peloton (PTON) shares slipped 8.62% during Thursday’s trading. The stock had rallied about 40% in the month leading up to Thursday’s drop, bouncing from…
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Peloton is a company that has been criticized heavily for its solvency issues.With a debt/equity ratio of 9.3, those criticisms have certainly been merited.However, its real problem is that it launched a product that only made sense in the context of COVID-19 lockdowns.The pandemic resulted in gyms shutting down, leading many people to buy home…
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The stakes have never been higher for Peloton Interactive PTON; Chief Executive Barry McCarthy. He has to hope his efforts don’t go from good, to better to bust. An Oct. 6 Wall Street Journal article based on an interview with Mr. McCarthy suggested he was giving Peloton about six more months to prove itself as…
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Tonal, known for its $2,995 at-home gym, is using a Super Bowl ad to make a point to women that they can use strength training equipment just like men. A new campaign starring tennis champion Serena Williams, who was also an early Tonal investor, aims to debunk the idea that women will get “very muscular”…
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Beleaguered fitness company Peloton said Tuesday it will replace CEO and co-founder John Foley as the brand seeks to win back market and consumer confidence. Barry McCarthy, who has held leadership roles at Spotify and Netflix, will become the new CEO, effective Wednesday, the company announced. “Today’s leadership changes are the culmination of a succession…
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Data-driven research and analytics company M Science announces the launch of its Retail and Consumer Brands Intelligence Platform. This new platform aims to provide business-critical insights to the industry as it navigates post-COVID-19 consumer behavior and as the ecommerce landscape continues to rapidly evolve. Leveraging tested analytic models and a myriad of data inputs, the…
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