Monday, October 3, 2022
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Peloton to sell some fitness equipment on Amazon in US

Peloton to sell some fitness equipment on Amazon in US

Peloton Interactive Inc said it had struck a partnership with Amazon.com Inc to sell some exercise bikes and other fitness equipment on the online retailer’s US platform.

Shares of Peloton surged 17 percent before the bell on the news.

Until now, the company’s new products and accessories were sold on its own e-commerce site and in global showrooms.

This marks the latest move by the fitness equipment maker’s chief executive, Barry McCarthy, to expand its customer base and shore up cash flow.

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