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Peloton isn't going under imminently, but let's be real here: No fitness fad lasts forever. While there was a lot that went wrong, the long and short of it is that Peloton failed to read the room on its pandemic popularity. "It's not that Peloton isn't a good business model; it's that it simply isn't a mass product but more of a niche, luxe one," she said. Investors have soured on the company, and Peloton's once $50 billion market cap has fallen to under $2 billion. It also has to contend with the gym, which has all sorts of classes and fitness equipment that let people mix things up, including, in many cases, Pelotons or other connected-fitness devices.
Persons: I've, Tae, monthslong, Rina Raphael, Simeon Siegel, It's, That's, Siegel, Paul Golding, it's, Golding, there's, Raphael, Natalia Mehlman Petrzela, Emily Stewart Organizations: Private, BMO Capital Markets, Macquarie Capital, Google, YouTube, New School, Facebook, Business Locations: COVID, unsubscribing, Barre, America
A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and get back to growth after 13 straight quarters of losses, CNBC has learned. A number of other private equity firms have been circling Peloton as an acquisition target, but it's unclear if they have held formal discussions. Last week, Peloton announced a broad restructuring plan that's expected to reduce its annual run-rate expenses by more than $200 million by the end of fiscal 2025. Last week, Peloton announced CEO Barry McCarthy would be stepping down as it issued a disastrous earnings report that missed Wall Street's expectations. One source close to the company said Peloton isn't expected to have any issues refinancing its debt.
Persons: Barry McCarthy, Goldman Sachs Organizations: Interactive, CNBC, JPMorgan Locations: New York
In a letter to staff, McCarthy said the company needed to implement layoffs because it wouldn't be able to generate sustainable free cash flow with its current cost structure. "Achieving positive [free cash flow] makes Peloton a more attractive borrower, which is important as the company turns its attention to the necessary task of successfully refinancing its debt," McCarthy said in the memo. McCarthy had also expected Peloton to reach positive free cash flow by June — a goal the company said it reached early during its third quarter. In a letter to shareholders, Peloton said it generated $8.6 million in free cash flow but it's unclear how sustainable that number is. The company didn't provide specific guidance on what investors can expect with free cash flow in the quarters ahead but said it does expect to "deliver modest positive free cash flow" in its current quarter.
Persons: Barry McCarthy, McCarthy, Karen Boone, Chris Bruzzo, Jay Hoag, It's, John Foley, hasn't, Goldman Sachs, Boone, Barry, Bruzzo, , hadn't, Creditsafe, it's, Foley Organizations: Interactive, Allen & Company Sun Valley Conference, Spotify, Netflix, JPMorgan, LSEG, outperformance, CNBC Locations: Sun Valley , Idaho, lockstep
New York CNN —Peloton CEO Barry McCarthy is leaving his role, and the company is cutting about 15% of its workforce as numerous attempts to regain its pandemic-era glory have failed. McCarthy, who was named CEO just two years ago, will become a strategic advisor through the end of the year, Peloton said in a press release. In his place, Peloton has started a “comprehensive search process” for his replacement and two executives will become interim co-CEOs in the meantime. Peloton also announced that it’s eliminating 400 jobs, which will help the company cut $200 million in costs. McCarthy, a former chief financial officer of Spotify and Netflix, tried to engineer a number of ideas to turn around Peloton.
Persons: Barry McCarthy, McCarthy, Lululemon Organizations: New, New York CNN, Spotify, Netflix, Consumer Product Safety, Sporting Goods Locations: New York
CNN —Ten thousand steps per day have long been known as the magic number needed to lower risk of disease and early death. What researchers didn’t know was whether the amount could have the same effect even for people who are sedentary most of the day. Get 10,000 steps a day to potentially counteract the impacts of being too sedentary, a new study suggests. You’re not supposed to be sitting at a computer for 12 hours a day and barely moving,” Freeman said. “Exercise is great for you, and it is truly the magic elixir that hits virtually every disease we take care of,” Freeman said.
Persons: , Matthew Ahmadi, Maskot, University of Sydney’s Charles Perkins, who’d, David Katz, Katz, Andrew Freeman, wasn’t, ” Freeman, Freeman, doesn’t, You’re, , Organizations: CNN’s, CNN, British, of Sports Medicine, University of Sydney’s, University of Sydney’s Charles Perkins Centre, True Health Initiative, Jewish Health Locations: Australia, United Kingdom, Denver
BowFlex files for bankruptcy
  + stars: | 2024-03-05 | by ( Jordan Valinsky | ) edition.cnn.com   time to read: +1 min
New York CNN —Peloton isn’t the only at-home exercise equipment company feeling the pain: BowFlex is too, announcing Tuesday that it has filed for bankruptcy. BowFlex blamed its bankruptcy on the “post-pandemic environment and persistent macroeconomic headwinds” and said it received interest from “multiple” companies but chose Johnson Health Tech because it will “maximize value for our stakeholders through this process.”A $25 million debtor-in-possession financing will allow BowFlex (BFX) to operate normally and keep its employees paid. Johnson Health Tech makes similar exercise equipment under the Matrix, Horizon Fitness and Vision Fitness brands. Washington-based BowFlex makes several products, including treadmills, ellipticals and its well-known home-gym contraption that lets people do more than 70 weight-based exercises. Peloton said last month that its turnaround plan isn’t going as planned and NordicTrack-owner iFit scrapped its plans to go public in 2022.
Persons: BowFlex, Johnson, iFit Organizations: New, New York CNN, Johnson Health Tech, Fitness, Nautilus Locations: New York, Taiwan, Washington
A nurse practitioner at Nationwide Children’s Hospital in Columbus, Ohio, he and a colleague did a study on treadmill burns in children who were treated at the hospital. The 2017 study, published in the Journal of Burn Care & Research, found treadmill burns were more severe than burns from touching a hot stovetop. “What struck us most was that these treadmill burns were very deep and hard to heal,” Noffsinger said. Top treadmill safety measuresFortunately, it’s relatively easy to use a treadmill safely, experts said. “You should never have a child in the same room as an operating treadmill,” Stevenson said.
Persons: CNN —, , Clark Stevenson, CPSC, Dana Noffsinger, ” Noffsinger, “ We’ve, Noffsinger, Stevenson, , Kyle Firmstone, Firmstone, ” Firmstone, “ I’ve, ” Stevenson, “ That’s, Melanie Radzicki McManus Organizations: CNN, US Consumer Product Safety, Nationwide Children’s Hospital, Burn Care, Research Locations: Memphis , Tennessee, Columbus , Ohio, New York City
While everyone’s gait differs, you may develop an abnormal gait due to illness, injury, genetics, or issues with your legs or feet. What a gait analysis can uncover about your healthAssessing gait can predict gross motor delays in kids, fall risks in older adults and, when coupled with a cognition decline, the risk of dementia. “We’re looking at gait speed, cadence — the number of steps per minute — variability in gait speed and cadence, step length, the time both feet are spent on the ground, stance and more,” said Stephanie Wakeman, a physical therapist and OneStep’s director of clinical operations. But if you’re interested in a gait analysis to boost your athletic performance or prevent injury, you may have to pay out of pocket. “I would also love it if gait analysis was part of the recovery program for anybody who has knee, ankle or hip surgery,” Heiderscheit said.
Persons: Gait, , Bryan Heiderscheit, Achilles tendinopathy, ” Heiderscheit, “ It’s, Heiderscheit, , Stephanie Wakeman, Wakeman, ” Wakeman, you’re, Melanie Radzicki McManus Organizations: CNN’s, CNN, American Medical, Association, University of Wisconsin, Badger, US Food and Drug Administration Locations: orthopedics, Madison
I spent 22 days on a Holland America cruise and saw places like Antarctica and Chile. The cruise cost me $144 a day, and is one of the more cost-effective ways to see Antarctica. I went with family members and we paid $3,175 a person, which is about $144 a day. Erin YarnallI never thought any sort of trip to Antarctica would be in my budget, let alone a cruise. Once on board, though, I was very impressed with the ship's fitness center.
Persons: , — I've, I'd, Holland America's Oosterdam, Erin Yarnall, frita, Cape Horn Organizations: Service, gentoo Locations: Holland America, Antarctica, Chile, Santiago, South America, Holland, Antarctica Antarctica, Falkland, empanadas, Cape
New York CNN —Peloton shares slid more than 20% Thursday after the fitness company said it expects to report another loss in the current quarter and is trimming its full-year revenue forecast, signaling that its several years-long turnaround is spinning out. CEO Barry McCarthy wrote in a letter to investors that some of his ideas have failed, including a push into selling Peloton bikes with college colors. McCarthy revealed that the company “sold substantially fewer bikes to alumni and boosters than we expected.” The short-lived program will be discontinued. He said the experience has “tarnished our brand” and that the busy holiday shipping season was “particularly taxing” for customers. The connected fitness company adjusted its full-year revenue lower from the previous $2.7 billion to $2.8 billion expected, with Peloton now forecasting it to be between $2.68 billion and $2.75 billion.
Persons: Barry McCarthy, McCarthy, Lululemon “, TikTok Organizations: New, New York CNN, Sporting Goods, Consumer Product Safety Locations: New York
Sales fell to $744 million in the second quarter, which company executives consider its most important quarter. That amounts to a 6% decline from a year ago and a whopping 34% fall from two years ago. New York-based Peloton lost 54 cents per share in the period and hasn't posted a quarterly per-share profit in three years. Peloton enjoyed incredible sales growth during the height of the coronavirus pandemic and its share price multiplied by more than five times in 2020 amid lockdowns. Last fall, Peloton and athletic wear maker Lululemon announced a five-year partnership with the interactive fitness company, becoming the exclusive digital fitness content provider for Lululemon, which became the primary athletic apparel partner to Peloton.
Persons: hasn't, Barry McCarthy, treadmills, John Foley, Lululemon Organizations: University of Michigan Locations: New York
At the top of the year, gyms are typically swarming with newcomers who are looking to meet their fitness goals. But this year, many devoted gym-goers noticed their gyms are rather empty. While some people couldn't be happier to see an unoccupied gym, others took to social media to find out if "anyone still makes resolutions" anymore. But by the third week of 2024, social media users were still wondering why their gyms weren't flooded with people. But Pire does have a hunch about why other gyms are appearing a bit deserted this month.
Persons: Neal Pire, hasn't Organizations: American College of Sports Medicine
180 Best Black Friday Deals 2023
  + stars: | 2023-11-22 | by ( Bellamy Richardson | ) www.wsj.com   time to read: +6 min
Our list of the best deals live now features products we’ve tested or otherwise recommended. Plus, check out great deals on products that made our lists of the best wireless earbuds and best portable speakers. For even more apparel discounts, check out our list of the best Black Friday clothing and shoe deals. For more great electronics buys, see our best Black Friday tech and Apple deals. For more great deals on fitness trackers, exercise apparel and more, check out our list of the best Black Friday fitness deals.
Persons: Bellamy Richardson It’s, you’ve, Salomon, don’t, Neocutis Organizations: Black, Dyson, Cozy, Tech, Apple, Skinstore Locations: Wayfair, Brooklinen
174 Best Black Friday Deals 2023
  + stars: | 2023-11-22 | by ( Bellamy Richardson | ) www.wsj.com   time to read: +6 min
Our list of the best deals live now features products we’ve tested or otherwise recommended. For even more apparel discounts, check out our list of the best Black Friday clothing and shoe deals. Make sure to check out our list of the best vacuum deals this Black Friday for more savings. For more great electronics buys, see our best Black Friday tech and Apple deals. For more great deals on fitness trackers, exercise apparel and more, check out our list of the best Black Friday fitness deals.
Persons: Bellamy Richardson It’s, you’ve, Salomon, don’t, Neocutis Organizations: Black, Dyson, Cozy, Tech, Apple, Skinstore Locations: Brooklinen
Best Black Friday Fitness Deals 2023
  + stars: | 2023-11-15 | by ( Ian Salisbury | ) www.wsj.com   time to read: +2 min
And, since quality gear—from treadmills to fitness trackers—usually requires a big investment, these sale items can mean big savings. Fitness tracker dealsWhether you’re training for your next marathon or merely aiming to get your steps in while walking the dog, logging your activity is key. A great fitness tracker can help you take pride in your progress and enable you to set goals for the future. Apple Apple Watch Series 9 $349 at Walmart $ 390 Save $ 41 $399 at Apple Form meets function in the Apple Watch Series 9. Deals on treadmills, exercise bikes and more serious gearExercise machines can help you reach your fitness goals faster.
Persons: Ian Salisbury, you’re Organizations: Ian Salisbury Black, Garmin Epix, Amazon, Garmin, Apple Apple, Walmart, Apple, Black, Apple AirPods Locations: treadmills
CNN —Head into any gym, and you may find someone walking backward on a treadmill or pedaling in reverse on an elliptical machine. “People are sitting way too much today, plus they lack varied movement.”Quite a few studies have been done on the potential benefits of retro walking, a common term for walking backward. Take it slowly when you first start to walk backward, experts say. Other studies indicate backward motion may help those with knee osteoarthritis and chronic back pain, plus improve gait and balance. People in China have been walking backward for centuries for physical and mental health.
Persons: , Grayson Wickham, doble, Landry Estes, ” Estes, You’re, Wickham, ” Wickham, Loren Zitomersky, , Estes, it’s, ” Melanie Radzicki McManus Organizations: CNN, International, of Sports Medicine, Boston Marathon, CNN’s Locations: New York City, , Station , Texas, China
Now may be the time to shop for an office lease. As office vacancies soar to record highs in some markets, office landlords often have no choice but to find new and creative ways to attract new clients. "When you have 55-year-old managing partners of a law firm looking for office space, and they see the golf simulator, they get pretty excited," he said. Long-term leases, which usually feature landlord-financed renovations to the office space, are now being offered with lease-termination options. Office landlords without access to this capital level are often left with only one lever: renting below market price.
Persons: Michael Cohen, Michael Lirtzman, Anthony Tahlier, Andrew Lustgarten, Lirtzman, Sterling, Lustgarten, it's, Matt Petit, Goldman Sachs, Risa Letowsky, Letowsky, Watts, Tishman Speyer, aren't, That's, Cohen, they've, he's, hasn't Organizations: Colliers, Kastle Systems, West Chicago, Sterling Bay's, Century, El, New, Palm, Chase, Wall, JPMorgan, Deutsche Bank, Adler, Stachenfeld, Silverstein, Lawyer Locations: Chicago, Bian, Sterling, Los Angeles, New York, Miami, Liberty, Chase Manhattan, Alamo, CBRE, Los Angeles and New York, LA, United States
Johanna Furtado is suing Peloton, alleging its bike caused her son's death in 2022. Ryan Furtado was later found by the New York Police Department. Johanna Furtado alleges in the suit that Peloton did not provide enough warning that the bike could cause injury if people used it to pull themselves off the floor. On the bike Ryan was using, the lawsuit claims there was only a single warning label, which the suit calls "inadequate." The lawsuit is only one of the issues Peloton has faced over the past few years.
Persons: Johanna Furtado, Ryan Furtado, Ryan, Furtado, Global Communications Ben Boyd Organizations: Service, New York Police, Global Communications Locations: Wall, Silicon
About three-quarters of respondents said they had fired employees based on findings from their tracking software. In the Resume Builder survey, only 5% of the business leaders who reported using tracking software said their employees were not aware they were being monitored. While Borja said Time Doctor encourages its customers to disclose the use of tracking software to their employees, it can't guarantee that they do so. Refusing to turn on your webcam during a meeting, for instance, could give your employer the right to fire you if you live in the US, legal experts previously told Insider. Some workers at employee-tracking software companies have expressed privacy concerns.
Persons: Michael Patrón, he'd, they'd, Patrón, Liam Martin, Carlo Borja, Borja, hasn't, they've, — you've, Big Organizations: Service, Tesla's, Bloomberg, New York Times, Workers Locations: Wall, Silicon, Australia, York
The 20 Best Early Labor Day 2023 Sales
  + stars: | 2023-08-23 | by ( Bellamy Richardson | ) www.wsj.com   time to read: +13 min
By Bellamy RichardsonLabor Day may not be until Sept. 4, but you don’t have to wait to take advantage of great Labor Day deals. Here are some of our early favorites; we’ll be continuing to add more early sales as they go live leading up to Labor Day Weekend. BrooklinenThe deal: 15% off sitewideHead over to Brooklinen’s Staycation/Early Labor Day Sale for 15% off bedding, bath and loungewear. There might be something for you at eBags during its Labor Day sale, running now through Sept. 12. LunaThe deal: 20% off sleep productsIf you’ve been craving a good night’s sleep, Luna’s Labor Day Sale might have just the thing to help you out.
Persons: Bellamy Richardson, we’ll, Staycation, unzipping, you’ll, Marigold, Casper, , Luna, Luna’s, It’s, Spinner, puffiness, Stove’s Organizations: Labor, sitewide, Sage, Luna’s Labor, Sherpa, Cook Duo, Outer’s Labor, Navy, TSA, Stove’s Labor Locations: California
What’s more, the scientist said, the idea sends a pernicious message to women that pregnancy is inherently dangerous. “It perpetuates a narrative of bodily incompetence,” Dr. Warrener said. In graduate school, Dr. Warrener did not see any reason to doubt the obstetrical dilemma. But in 2015, after studying volunteers walking on treadmills, Dr. Warrener found that having a wider pelvis did not create a bigger demand for oxygen. Holly Dunsworth, a biological anthropologist now at the University of Rhode Island, also became disenchanted with the obstetrical dilemma when she took a close look at the evidence.
Persons: Anna Warrener, , Warrener, Holly Dunsworth, Organizations: University of Colorado, University of Rhode Locations: University of Colorado Denver, University of Rhode Island
Micro gyms costing around $11 an hour in Singapore are popping up near parks, malls, and petrol stations. The Gym Pod has 140,000 registered app users worldwide with interest growing after the pandemic. According to Bloomberg, it has 120,000 registered users in Singapore. Another company, My Gym Lab, also founded in Singapore, offers small spaces it calls labs across the city. The Gym Pod is hoping to expand into international markets and will be launching its first pod in China in the coming weeks, the spokesperson said.
Persons: Damian Chow, Omar Martin Organizations: Service, Bloomberg Locations: Singapore, Wall, Silicon, Chicago, China
But a popular new workout trend may be a great place to start your fitness journey. The 12-3-30 workout is both beginner-friendly and helpful for meeting fitness goals. On TikTok, the "12330" hashtag has over 400 million views, featuring videos of users walking uphill on treadmills. "Because it's a fitness trend, it spurs people to be consistent with their workout, [and] consistency is always the key with a workout." Lauren Giraldo, who coined the term "12-3-30 workout" in 2019, says she lost and has kept nearly 30 pounds off using the exercise in the span of two years, according to a TikTok video she posted in 2020.
Persons: hashtag, Jesse Cooper, Lauren Giraldo Locations: treadmills, Maryland
Nico Rosberg took the Sunreef 80 Eco, a luxury electric yacht, for a spin. Sunreef Yachts recently unveiled their second-generation Sunreef 80 Eco. The Sunreef 80 Eco solar panels are built into the body and mast of the yacht. Sunreef 80 Eco deck. Sunreef 80 Eco YouTube/Nico RosbergYou can watch the entire tour of the supertoy here.
Persons: Nico Rosberg, Rosberg, Elon Organizations: Sunreef Yachts, Sunreef, Eco
Down to $164.99, this Prime Day price matches the record low we saw for Black Friday. $10.14 from Amazon Originally $25.00 Save 59%Prime Day deals: StyleWe've got you covered for head-to-toe deals across the fashion world today. This Prime Day deal is the best price we've ever seen, and it's only available by invite for Prime members during Amazon Prime Day. $12.99 from Amazon Originally $23.99 Save 46%More Prime Day dealsDeal icon An icon in the shape of a lightning bolt. You'll also get a bonus of $10 with this Prime Day deal when you use the code "HAPPY" and spend $50.
Persons: we've, snagging, We're, you've, we'd, We've, they're, it's, Amazon’s, eero, You'll, Apple, Bose, AirPods, Price, Price Roku, Dolby, Max, Price Casper, Casper, Coop, it’s, It's, Rich, wicks, Price Bowflex, Garmin Venu, Venu, you’ve, Riley C.E.O, Sunday Riley, It’s, Murad Retinol, Kit Burt's, Kit, Kenneth Cole, Steven Madden, Martens, Vines, Herschel, Price Calvin Klein, Calvin Klein racerback, Now's, JW Pei, Price Apple, Price Arlo, we’ve, Bento, bento, you'll, LaCroix, seltzer, Foodi, Fryer, fryer, Hoover, Decker, Dyson, Bissell, Zelda, Price Hori, Con, Ed, Collar, Gray, Inaba, Brown Rice, Robin Organizations: Apple, Amazon, Prime, Black, Alexa, Amazon's, Echo Studio, Music, Amazon Deal, Price Apple, Samsung, LG, Walmart, Casper, Health, Bands, Price Garmin, Garmin, OSHA, Optimum, Theragun's, Amazon Prime, Sunday, Panasonic, frizz, Adidas, Chelsea, Herschel Supply, Deal, Navy, Columbia, Energy, Steam, IRIS, GE, OmieGo, ICE, Quart, ICM, Deal LG, Fire, Price LG, PlayStation, Google, Price NVIDIA, Computers, Gaming, Nintendo, MacBook Air, Asus, Mobile, Lenovo, Intel, AMD, Monitor, Seagate, Dell, Monitor Samsung, Gray, Super Nintendo Entertainment, ASUS, Buffalo, Pets, Deal Samsung Galaxy, Galaxy, Fujifilm, Marvel, Deal Indiana Jones, Indiana Jones, — Raiders Locations: Siena, Birch, Sol, Colombia, Cha Kyusu, sharpener, Whynter, it's, It's, Kingdom
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