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Peloton turns to Amazon to sell bikes in effort to reverse slump

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Signage at the entrance to a Peloton store in Walnut Creek, California, U.S., on Monday, Feb. 7, 2022. Peloton Interactive Inc.

is scheduled to release earnings figures on February 8. Photographer: David Paul Morris/Bloomberg via Getty Images NEW YORK (AP) - Peloton's high-end exercise bikes and other gear will now be able to be bought on Amazon in the U.S., a partnership aimed at boosting the fitness company's sales that have languished since the easing of pandemic lockdowns."We want to meet consumers where they are, and they are shopping on Amazon," Kevin Cornils, Peloton's chief commercial officer, said in a statement Wednesday.The collaboration is Peloton's first with another retailer.

Before, its products were sold only through its website, physical showrooms and other channels.RELATED: Peloton cutting over 700 jobs, raising prices on Bike+, TreadAnd it comes after the company earlier this month said it was shedding jobs, shifting its delivery work to third-party vendors and significantly reducing the number of stores it has in North America.The news of the Amazon deal sent shares of New York-based Peloton Interactive Inc.

soaring 20% Wednesday. They are still down about 88% in the last 12 months.An Amazon delivery driver came to the rescue of a 19-year-old and her dog as the two were being attacked by a larger dog in Las Vegas, Nevada, on Dec.

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Retirement age revision: Over 300 specialists to retire from public service, no doctors to fill vacancies - newsfirst.lk
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