Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Miguel Loccisano | fake images The fitness industry appears to be headed for a strong holiday season, but not everyone will see a boost. The category has been on a rollercoaster ride for more than two years, with … Read more
Hydrow, maker of a $2,500 connected rowing machine, said Thursday it has secured another $55 million in funding to fuel its growth as the home fitness industry takes a jolt as consumers return to gyms. after two years of Covid-related closures and restrictions. The Series D round brings its total funding to date to more … Read more
platoon is temporarily halting production of its connected fitness products as consumer demand declines and the company seeks to rein in costs, according to internal documents obtained by CNBC. Peloton plans to pause bike production for two months, from February to March, documents show. It has already stopped production of its most expensive Bike+ in … Read more