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Peloton To Introduce Lower-Priced Treadmill, Higher-Priced Exercise Bike

PYMNTS

Sources told the news service while the startup offers the cheaper treadmill, it will introduce a more expensive stationary exercise bike and cut the price of its existing bike. CEO John Foley told analysts during call that the pandemic will change consumers’ exercise routines for the long term. Total revenue grew 66 percent to $524.6

Exercises 151
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Will Exercise Junkies ‘Save’ The Smartwatch?

PYMNTS

In fact, the smartwatch industry remains very much a niche and specialized market, one that Apple and other brands and retailers have not done a very good job capitalizing on or monetizing so far. The activity tracker became the device of choice for the middle-aged consumer looking to get in better shape by starting an exercise routine.

Exercises 100
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Amazon And Walmart’s Battle For Consumer Retail Spend

PYMNTS

But in other ways, it was business as usual, as the two biggest retailers in the world – Walmart and Amazon – posted stellar earnings numbers and competed in more muted ways for the U.S. percent of total consumer spending in Q2 (spanning all categories, including retail) and 9 percent of total retail spending. That’s up from 9.6

Retail 249
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SoulCycle To Debut Home Exercise Bike To Compete With Peloton

PYMNTS

SoulCycle is gearing up to release its own at-home bike that could compete with rival Peloton, after teasing the product last summer, according to reports. The fitness company’s product looks similar to Peloton’s, with on-demand cycling classes that can be streamed through a monthly contract with the Variis platform.

Exercises 150
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Could TJX, Other Offline Retailers Regret Their eCommerce Abandonment?

PYMNTS

It seems like a year ago, but it was actually only March 8 when discount retailer Burlington announced that it was abandoning its admittedly watered-down eCommerce offering. On one hand, the best way to get people in stores and avoid the fate of other brick-and-mortar retailers was to make online sales the only option.

Retail 164
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Saving Main Street: Running Retailers Take The Baton

PYMNTS

Schalow and his members are upbeat about their prospects for the sport and for independent retailers as they reopen. The first is the general commitment to exercise as seen through the soaring success of Peloton. At that time (mid-March), the independent running retailers were deemed nonessential and therefore closed.

Maine 130
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Tonal Seeks More Funding To Produce $3K Home Workout Stations

PYMNTS

San Francisco-based Tonal — which offers a $2,995 exercise station with subscription-based workouts — is looking for more funding as the COVID-19 crisis upends the world of exercise. As PYMNTS has reported , the pandemic has created new opportunities for the exercise equipment industry.

Exercises 233