[ad_1] A stationary bicycle inside of a Peloton store is pictured in the Manhattan borough of New York City, U.S., January 25, 2022. Carlo Allegri | Reuters Peloton has quietly removed its unlimited free-membership tier on its fitness app less than a year after it debuted because the initiative was …
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Retailers like Peloton and Saks keep paying vendors late, signaling possible ‘financial distress’
[ad_1] In the months before Bed Bath & Beyond declared bankruptcy last April, the former home goods titan was trapped in a crushing cycle. The retailer had been failing to pay its vendors on time, if at all. During the pivotal holiday season, some began requiring payment when goods were …
Read More »Disney wins proxy fight with Nelson Peltz’s Trian Partners, as shareholders reelect full board
[ad_1] Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images Disney shareholders on Wednesday reelected the media conglomerate’s full board, preliminary results show, handing a stinging defeat to activist Nelson Peltz …
Read More »Peloton shares plummet 20% as fitness company gives dismal outlook
[ad_1] Shares of Peloton plunged on Thursday after the fitness company warned investors it is still months away from growing sales or turning a profit. The retailer posted mixed results for its holiday quarter, as it lost slightly more money than Wall Street expected but beat revenue estimates. Peloton also …
Read More »Peloton shares surge 15% as it partners with TikTok to offer short-form fitness classes, other content
[ad_1] Peloton has launched a partnership with TikTok. Courtesy of: Peloton Peloton launched a partnership with TikTok on Thursday as part of its strategy to change its public perception and attract a broader array of customers as sales and profits fall. The partnership will create a new fitness hub on …
Read More »Lululemon shares fall as retailer gives tepid holiday outlook despite strong start to shopping season
[ad_1] Black Friday shoppers at a Lululemon store at the Garden State Plaza in New Jersey. Mike Calia | CNBC Lululemon on Thursday said it saw strong third-quarter demand and a positive start to the holiday shopping season, but the retailer’s shares fell in extended trading after it gave a …
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