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Fleet Feet: Running Shoe Retailer Sprints With Technology

PYMNTS

Americans are exercising through the pandemic. The pandemic seems to have had a strong positive impact on participation in the entire sport of running,” Fleet Feet’s Director of Retail Experience Matt Werder told PYMNTS. Just ask Nike or Peloton , who have racked up impressive usage and revenue KPIs over the past few months.

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CA DFPI exercises its new enforcement authority against coding school’s income-based deferred tuition agreement

CFPB Monitor

The consent order also resolves the DFPI’s claim that Lambda’s marketing materials were misleading. Lambda offers California students the option to defer tuition through income-based retail installment contracts. Non-California students may enter into income share agreements.

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Simon Property Group Looks To Raise $300 Million For Shell Company

PYMNTS

The move comes as the retail industry is reeling from a double blow: fallout from the pandemic and the great shift of consumer buying to online sales. A SPAC, or blank-check company, has no commercial operations, but is formed to raise cash and go shopping for an existing company or companies to acquire.

Groups 139
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Homebound Consumers, Connected Fitness Revs Up Peloton Earnings

PYMNTS

The extraordinary events taking place over the past two months have measurably expanded our market opportunity and accelerated the ongoing shift to connected fitness,” said Chief Financial Officer Jill Woodworth. At least partly because of that, the company has spent zero marketing dollars during the past three months.

Exercises 159
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Peloton, Connected Fitness Companies Chart New Course And Face New Problems

PYMNTS

That massive bump was driven by fitness-oriented consumers who have increasingly turned to connected bikes and treadmills to rebuild their exercise routines at home in a world where going to the gym feels a bit like a risk to one’s health. The market is now flooded with smart bikes, smart mirrors, smart rowing machines and treadmills.

Course 211
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Tempo And The Home Fitness Gold Rush

PYMNTS

Fitness equipment maker Tempo , whose home workout systems retail for nearly $2,000, has seen its valuation hit $250 million amid a massive surge in interest as the pandemic shut down brick-and-mortar gyms. Athleisure giant Lululemon announced the acquisition earlier this month of home exercise startup Mirror for an impressive $500 million.

Exercises 157
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ClassPass CEO On Getting The Fitness Industry Back Into Fighting Shape

PYMNTS

Navigating the pandemic-altered landscape has been difficult for fitness operators forced to close their physical locations and translate in-person services into digital offerings. He said that consumers still like the immersive and varied exercise experiences that in-person gyms are uniquely able to offer. What’s Next.

Industry 207