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Saturday, December 10, 2022

Peloton to halt production of its Bikes, treadmills as demand wanes | Yahoo

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The epidemic has had an impact on many businesses, and Peloton is no exception. In reality, the firm is ceasing manufacture of its fitness items due to a steady decline in demand. In order to cut expenses, the business plans to halt Bike manufacture for two months, from February to March. It stopped producing its more costly Bike+ in December and will continue to do so until June. Due to customers’ price sensitivity and heightened rival activity, the business stated in a secret presentation dated Jan. 10 that demand for its linked exercise equipment has seen a “substantial decline” throughout the world.

Source: https://news.yahoo.com/peloton-halt-production-bikes-treadmills-184335085.html

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