Peloton is releasing a cheaper treadmill. It's still $2,495
CNN
Peloton is releasing a lower-priced treadmill to become more than a purveyor of high-end stationary-bikes.
The public company, which reported revenue of more than $1 billion for the quarter ending in December, already has one treadmill on the market, called Tread+, which has earned celebrity endorsements from the likes of Miley Cyrus and Lizzo who regularly post about their Treads on social media. Peloton (PTON) is best known for its stationary bikes that cost between $1,895 and $2,495, but it's hoping to build out its brand, said Betina Evancha, Peloton's vice president of product management. "We want Peloton to be a fitness brand, a wellness brand, and so the Tread is a big part of that story."More Related News
A provocative new work from the artist behind that duct-taped banana tackles gun violence in America
The Italian artist Maurizio Cattelan shines a light on gun violence and the divisions in US society in a new installation, “Sunday,” at Gagosian in New York City.
One Florida abortion clinic confronts a new six-week ban with a last-minute push and long-term plans
On Tuesday afternoon, Mikenzie Buchanan scooped up an armful of clipboards piled behind the front desk at A Woman’s Choice, an abortion clinic here; it was almost too many to hold. On each clipboard, behind a blue cover to protect personal information, were documents and charts for patients who had visited the clinic to receive a medication abortion that day.