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Peloton taps Amazon to boost US sales of exercise bikes, accessories

The news sent the battered shares of the fitness equipment maker up 18.4% in afternoon trading on Wednesday, putting them on course for their best day since February

Peloton stock plunges to record low after hopes for comeback dim
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Peloton's exit from selling exclusively through its own e-commerce site and global showrooms marks Chief Executive Barry McCarthy's latest bet to attract more customers, cut losses and improve cash flow.

Reuters
Peloton Interactive Inc said it would start selling its exercise bike and other fitness accessories on e-commerce giant Amazon.com Inc in the United States in a bid to combat a slowdown in sales from pandemic highs.
 
The news sent the battered shares of the fitness equipment maker up 18.4% in afternoon trading on Wednesday, putting them on course for their best day since February.
 
The stock has lost more than half of its value this year as Peloton's exercise bikes and treadmills fell out of favor after lockdowns ended and people returned to gyms.
 
Peloton's exit from selling exclusively through

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First Published: Aug 24 2022 | 11:27 PM IST

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