Latest
issue
GET HCM
magazine
Sign up for the FREE digital edition of HCM magazine and also get the HCM ezine and breaking news email alerts.
Not right now, thanksclose this window I've already subscribed!
The Leisure Media Company Ltd
The Leisure Media Company Ltd
The Leisure Media Company Ltd
Follow Health Club Management on Twitter Like Health Club Management on Facebook Join the discussion with Health Club Management on LinkedIn
FITNESS, HEALTH, WELLNESS

Latest news

Peloton becomes the latest pandemic boomtime business to announce restructuring, as out-of-home fitness bounces back

Peloton is set to axe around 800 jobs, increase the price of its equipment and close some of its stores
The moves are part of efforts to turn around the decline in its business
The troubled at-home fitness giant has seen its share price plummet from a high of US$162 in December 2020 to the current US$13
The company has struggled to capitalise on its pandemic successes

Peloton is set to axe around 800 jobs, increase the price of its equipment and close some of its retail operations as part of efforts to turn around the decline in its business.

The troubled at-home fitness giant has seen its share price plummet from a high of US$162 in December 2020 to the current US$13.

The company has struggled to capitalise on its pandemic successes, which were partly driven by gyms being forced to close and people looking for alternative exercise options – a "pivot" with which Peloton became near-synonymous.

Since lockdowns ended and people returned to facilities, Peloton has found the going much tougher.

Current Peloton CEO Barry McCarthy replaced former CEO John Foley in February 2022 as part of a drive to get the company back on track.

Since then, McCarthy has initiated an aggressive strategy which has placed cutting costs and increasing revenues at its heart.

McCarthy recently announced that Peloton will exit all owned manufacturing operations, cease making its own products and, instead, expand its partnership with Taiwan-based manufacturer Rexon.

The move came just 14 months after Peloton acquired equipment creator Precor, in a deal worth US$420m, renaming it Peloton Commercial. The move saw the eventual exit of long-time Precor leader, Rob Barker.

The Precor deal, agreed under the stewardship of John Foley, was meant to result in Peloton establishing a US-based manufacturing operation, helping it to meet the increased demand for its products created by the pandemic.

Now, adding to the U-turn in its manufacturing plans and the string of job cuts, Peloton said it will also increase the prices of its equipment.

The latest move comes as inflation and increases in gas and energy prices are putting pressure on the cost of living for consumers globally.

In the US, the price of the Peloton Bike+ will increase by US$500 to US$2,495. The price of the Peloton Tread will increase by US$800 to US$3,495. In Canada, the price of the Peloton Bike+ will increase by CA$800 to CA$3,295. The price of the Peloton Tread will increase by CA$1,100 to CA$4,495.

In the UK, the price of the Peloton Bike+ will increase by £150 to £1,995. The price of the Peloton Tread will increase by £900 to £3,345. In Germany, the price of the Peloton Bike+ will increase by €500 to €2,495. The price of the Peloton Tread will increase by €1,100 to €3,795. In Australia, the price of the Peloton Bike+ will increase by AU$350 to AU$3,345. The Peloton Tread is currently not available in Australia.

In a statement, the company said: "Inspired by the progress we've made on our transformation journey, we're adopting a more strategic pricing strategy for our premium products.

"Price is just one of the many levers we will continue to explore as part of our business transformation strategy."

Peloton is set to axe around 800 jobs, increase the price of its equipment and close some of its retail operations as part of efforts to turn around the decline in its business.
HAF,FIT,IND,PTS,TEC
2022/THUMB349952_345882_483488.jpg
Latest News
More than 200 organisations and athletes in the UK have signed an open letter to ...
Latest News
Diversity, equity and inclusion in the European fitness industry is examined in a new report ...
Latest News
Following the success of its first site in Whitefield, Total Fitness is launching a purpose-built ...
Latest News
David Beckham and F45 Training have finally settled the breach-of-contract lawsuit around Beckham’s ambassadorial agreement ...
Latest News
Apple has previewed the upcoming watchOS 11, which has more health and fitness insights and ...
Latest News
With just a few weeks until the General Election, CIMSPA – the organisation that represents people ...
Latest News
Co-founders of specialist gym and fitness wear company, WIT Fitness, have returned to the brand ...
Latest News
Basic-Fit has signed an agreement to sell five Holmes Place clubs it acquired as part ...
HCM promotional features
Sponsored
The practice of prolonging the life of gym equipment through careful refurbishment is gaining traction
HCM promotional features
Sponsored
Life Fitness has reimagined cardio with the launch of its Symbio line which has been designed with advanced biomechanics and offers deep levels of customisation
HCM promotional features
Sponsored
At the heart of the Sydney Swans new headquarters in Australia is an elite player-focused training facility by strength equipment specialist BLK BOX
HCM promotional features
Sponsored
We all know we need to stand more. Now an exciting new partnership between Physical and Teca Fitness expands this thinking into UK gyms and beyond
HCM promotional features
Sponsored
A major refurbishment of Sport Ireland Fitness by Technogym has created a world-class public gym at the home of Irish sport
HCM promotional features
Sponsored
Coaching workshops from Keith Smith and Adam Daniel have been designed to empower your team and transform your service
HCM promotional features
Sponsored
D2F had updated its brand styling to keep pace with business growth. MD, John Lofting and operations director, Matt Aynsley, explain the rationale
HCM promotional features
Sponsored
The partnership between PureGym and Belfast-based supplier BLK BOX is transforming the gym floor
HCM promotional features
Sponsored
Nuffield Health has worked with ServiceSport UK for more than ten years, ensuring the equipment in its clubs is commercially optimised
HCM promotional features
HCM magazine
HCM People

Mariah Rooney

Founder, Trauma Informed Weight Lifting
When people experience early life trauma it impacts their bodies and nervous systems. I became curious about how lifting weights could help them have the experience of strength
HCM magazine
From payments to virtual classes, software integrations can take your operation to the next level. Providers tell us about their most in-demand offerings
HCM magazine
Fuel the debate about issues across the industry and share your ideas and experiences. We’d love to hear from you: [email protected]
HCM magazine
Immediate rewards can motivate people to exercise more, according to new research, reports Kath Hudson
HCM magazine
When retailer, the €11 billion-a-year Colruyt Group, decided to get into the health club market, the plan was to fully integrate its entire business using customer insight data. The results are remarkable
Featured supplier news
Featured supplier news: Elevate announces new aquatics and active kids theatres for 2024 event
The Royal Life Saving Society UK (RLSS UK), the Swimming Teachers Association (STA), and Swim England have teamed up to sponsor an aquatic theatre at Elevate 2024.
Featured supplier news
Featured supplier news: CoverMe Fitness launches in Australian market
CoverMe Fitness, the studio management app for the fitness industry, has launched in Australia, with industry veteran Tony Zonato as managing director for the region.
Company profiles
Company profile: Art of Cryo
Art of Cryo is a new division of a renowned family business with 30 years’ ...
Company profiles
Company profile: WellnessSpace Brands
WellnessSpace Brands offers industry-leading experiential wellness products, including HydroMassage, CryoLounge+, and RelaxSpace. Each of the ...
Supplier Showcases
Supplier showcase - Safe Space: Delivering the vision
Supplier Showcases
Supplier showcase - Jon Williams
Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
GYMNATION press release: GymNation celebrates double victory at UAE Employee Happiness Awards
GymNation, the UAE’s largest gym chain, is proud to announce its outstanding achievements at the UAE Employee Happiness Awards.
Featured press releases
seca Ltd press release: Seca Tru and Physical bring best-in-class body composition analysis to gyms
Seca Tru is delighted to announce a new UK partnership with fitness market leader Physical. The agreement will see Physical distribute the Seca Tru product across the breadth of the UK fitness industry.
Directory
salt therapy products
Saltability: salt therapy products
Spa software
SpaBooker: Spa software
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Cryotherapy
Art of Cryo: Cryotherapy
Snowroom
TechnoAlpin SpA: Snowroom
Lockers
Fitlockers: Lockers
Property & Tenders
Cleveland Lakes, Wiltshire and Gloucestershire
Cotswold Lakes Trust
Property & Tenders
Loughton, IG10
Knight Frank
Property & Tenders
Diary dates
03-05 Sep 2024
IMPACT Exhibition Center, Bangkok, Thailand
Diary dates
08-10 Sep 2024
Wyndham® Lake Buena Vista Disney Springs™ Resort, Lake Buena Vista, United States
Diary dates
19-19 Sep 2024
The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
Diary dates
20-22 Sep 2024
Locations worldwide,
Diary dates
01-04 Oct 2024
REVĪVŌ Wellness Resort Nusa Dua Bali, Kabupaten Badung, Indonesia
Diary dates
09-13 Oct 2024
Soneva Fushi, Maldives
Diary dates
10 Oct 2024
QEII Conference Centre, London,
Diary dates
22-25 Oct 2024
Messe Stuttgart, Germany
Diary dates
24-24 Oct 2024
QEII Conference Centre, London, United Kingdom
Diary dates
04-07 Nov 2024
In person, St Andrews, United Kingdom
Diary dates
04-06 Feb 2025
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
11-13 Feb 2025
Fairmont Riyadh , Saudi Arabia
Diary dates
10-13 Apr 2025
Exhibition Centre , Cologne, Germany
Diary dates
07-07 Jun 2025
Worldwide, Various,
Diary dates
28-31 Oct 2025
Koelnmesse, Cologne, Germany
Diary dates

Latest news

Peloton becomes the latest pandemic boomtime business to announce restructuring, as out-of-home fitness bounces back

Peloton is set to axe around 800 jobs, increase the price of its equipment and close some of its stores
The moves are part of efforts to turn around the decline in its business
The troubled at-home fitness giant has seen its share price plummet from a high of US$162 in December 2020 to the current US$13
The company has struggled to capitalise on its pandemic successes

Peloton is set to axe around 800 jobs, increase the price of its equipment and close some of its retail operations as part of efforts to turn around the decline in its business.

The troubled at-home fitness giant has seen its share price plummet from a high of US$162 in December 2020 to the current US$13.

The company has struggled to capitalise on its pandemic successes, which were partly driven by gyms being forced to close and people looking for alternative exercise options – a "pivot" with which Peloton became near-synonymous.

Since lockdowns ended and people returned to facilities, Peloton has found the going much tougher.

Current Peloton CEO Barry McCarthy replaced former CEO John Foley in February 2022 as part of a drive to get the company back on track.

Since then, McCarthy has initiated an aggressive strategy which has placed cutting costs and increasing revenues at its heart.

McCarthy recently announced that Peloton will exit all owned manufacturing operations, cease making its own products and, instead, expand its partnership with Taiwan-based manufacturer Rexon.

The move came just 14 months after Peloton acquired equipment creator Precor, in a deal worth US$420m, renaming it Peloton Commercial. The move saw the eventual exit of long-time Precor leader, Rob Barker.

The Precor deal, agreed under the stewardship of John Foley, was meant to result in Peloton establishing a US-based manufacturing operation, helping it to meet the increased demand for its products created by the pandemic.

Now, adding to the U-turn in its manufacturing plans and the string of job cuts, Peloton said it will also increase the prices of its equipment.

The latest move comes as inflation and increases in gas and energy prices are putting pressure on the cost of living for consumers globally.

In the US, the price of the Peloton Bike+ will increase by US$500 to US$2,495. The price of the Peloton Tread will increase by US$800 to US$3,495. In Canada, the price of the Peloton Bike+ will increase by CA$800 to CA$3,295. The price of the Peloton Tread will increase by CA$1,100 to CA$4,495.

In the UK, the price of the Peloton Bike+ will increase by £150 to £1,995. The price of the Peloton Tread will increase by £900 to £3,345. In Germany, the price of the Peloton Bike+ will increase by €500 to €2,495. The price of the Peloton Tread will increase by €1,100 to €3,795. In Australia, the price of the Peloton Bike+ will increase by AU$350 to AU$3,345. The Peloton Tread is currently not available in Australia.

In a statement, the company said: "Inspired by the progress we've made on our transformation journey, we're adopting a more strategic pricing strategy for our premium products.

"Price is just one of the many levers we will continue to explore as part of our business transformation strategy."

Peloton is set to axe around 800 jobs, increase the price of its equipment and close some of its retail operations as part of efforts to turn around the decline in its business.
HAF,FIT,IND,PTS,TEC
2022/THUMB349952_345882_483488.jpg

Latest news

More than 200 organisations and athletes in the UK have signed an open letter to
Diversity, equity and inclusion in the European fitness industry is examined in a new report
Following the success of its first site in Whitefield, Total Fitness is launching a purpose-built
David Beckham and F45 Training have finally settled the breach-of-contract lawsuit around Beckham’s ambassadorial agreement
Apple has previewed the upcoming watchOS 11, which has more health and fitness insights and
With just a few weeks until the General Election, CIMSPA – the organisation that represents people
Global Wellness Summit
Global Wellness Summit
RLSS UK, STA and Swim England are joining forces to bring Aquatics to Elevate 2024
Co-founders of specialist gym and fitness wear company, WIT Fitness, have returned to the brand
Basic-Fit has signed an agreement to sell five Holmes Place clubs it acquired as part
The UK health and fitness is performing well, especially the private sector, with member numbers,
David Lloyd Leisure has opened the doors of Madrid country club, La Finca, which it
Leisure development specialist, Alliance Leisure, has appointed industry veteran, David Stalker, as advisor to the
According to new research from Ernst & Young, the gap between female and male engagement
Alliance Leisure
Alliance Leisure
The passion for fitness and bodybuilding reached new heights at the Panatta stands during RiminiWellness
Justin Musgrove, CEO of Fitness First UK, has made another tactical move, launching three Les
High-end country club operator, Life Time Group Holdings, has closed a US$40 million sale and
In the latest edition of HCM magazine, Mark Tweedie talks about his hopes for the
The Active Czech Foundation hosted its first annual Active Czech Conference earlier this month, in
Planet Fitness is refinancing and taking on securitised debt under its existing securitised financing facility.
The US health and fitness industry is worth US$22.4 billion to the nation’s economy, according
Innovatise UK Ltd
Innovatise UK Ltd
CoverMe Fitness, the studio management app for the fitness industry, has launched in Australia, with
New research shows that following social media health influencers motivates young people to exercise more
The JD Gyms Group has completed a deal to acquire Simply Gym from Bay Leisure.
1 - 20 of 12,300
HCM promotional features
Sponsored
The practice of prolonging the life of gym equipment through careful refurbishment is gaining traction
HCM promotional features
Sponsored
Life Fitness has reimagined cardio with the launch of its Symbio line which has been designed with advanced biomechanics and offers deep levels of customisation
HCM promotional features
Sponsored
At the heart of the Sydney Swans new headquarters in Australia is an elite player-focused training facility by strength equipment specialist BLK BOX
HCM promotional features
Sponsored
We all know we need to stand more. Now an exciting new partnership between Physical and Teca Fitness expands this thinking into UK gyms and beyond
HCM promotional features
Sponsored
A major refurbishment of Sport Ireland Fitness by Technogym has created a world-class public gym at the home of Irish sport
HCM promotional features
Sponsored
Coaching workshops from Keith Smith and Adam Daniel have been designed to empower your team and transform your service
HCM promotional features
Sponsored
D2F had updated its brand styling to keep pace with business growth. MD, John Lofting and operations director, Matt Aynsley, explain the rationale
HCM promotional features
Sponsored
The partnership between PureGym and Belfast-based supplier BLK BOX is transforming the gym floor
HCM promotional features
Sponsored
Nuffield Health has worked with ServiceSport UK for more than ten years, ensuring the equipment in its clubs is commercially optimised
HCM promotional features
HCM magazine
HCM People

Mariah Rooney

Founder, Trauma Informed Weight Lifting
When people experience early life trauma it impacts their bodies and nervous systems. I became curious about how lifting weights could help them have the experience of strength
HCM magazine
From payments to virtual classes, software integrations can take your operation to the next level. Providers tell us about their most in-demand offerings
HCM magazine
Fuel the debate about issues across the industry and share your ideas and experiences. We’d love to hear from you: [email protected]
HCM magazine
Immediate rewards can motivate people to exercise more, according to new research, reports Kath Hudson
HCM magazine
When retailer, the €11 billion-a-year Colruyt Group, decided to get into the health club market, the plan was to fully integrate its entire business using customer insight data. The results are remarkable
HCM magazine
Appointed president of Xponential Fitness when she was only 34, Sarah Luna attributes her career success to the grit, determination and stamina she honed as a dancer by day and Pilates teacher by night. She talks to Kath Hudson about how owning her choices has given her the resilience to take on one of the top jobs in the US fitness industry, while also raising a family
HCM magazine
Steph Eaves looks at how health assessment devices are evolving to keep up with industry trends
HCM magazine
AI has the potential to support people in making healthy lifestyle changes if its algorithms can be updated to understand the different stages of motivation, as Jodi Heckel reports
HCM magazine
Our fitness brand is something we can place centrally, finding opportunities for our brands to work together
HCM magazine
HCM People

Mark Tweedie

Associate, Miova
I’d love to see a national wellness service working hand in glove with NHS primary care
HCM magazine
It’s time to start the conversation about pelvic health. It’s not just menopausal women who have challenges: young women and men can also experience issues they’re too embarrassed to discuss or seek help for, as Kath Hudson reports
HCM magazine
Featured supplier news
Featured supplier news: Elevate announces new aquatics and active kids theatres for 2024 event
The Royal Life Saving Society UK (RLSS UK), the Swimming Teachers Association (STA), and Swim England have teamed up to sponsor an aquatic theatre at Elevate 2024.
Featured supplier news
Featured supplier news: CoverMe Fitness launches in Australian market
CoverMe Fitness, the studio management app for the fitness industry, has launched in Australia, with industry veteran Tony Zonato as managing director for the region.
Company profiles
Company profile: Art of Cryo
Art of Cryo is a new division of a renowned family business with 30 years’ ...
Company profiles
Company profile: WellnessSpace Brands
WellnessSpace Brands offers industry-leading experiential wellness products, including HydroMassage, CryoLounge+, and RelaxSpace. Each of the ...
Supplier Showcases
Supplier showcase - Safe Space: Delivering the vision
Supplier Showcases
Supplier showcase - Jon Williams
Catalogue Gallery
Click on a catalogue to view it online
Featured press releases
GYMNATION press release: GymNation celebrates double victory at UAE Employee Happiness Awards
GymNation, the UAE’s largest gym chain, is proud to announce its outstanding achievements at the UAE Employee Happiness Awards.
Featured press releases
seca Ltd press release: Seca Tru and Physical bring best-in-class body composition analysis to gyms
Seca Tru is delighted to announce a new UK partnership with fitness market leader Physical. The agreement will see Physical distribute the Seca Tru product across the breadth of the UK fitness industry.
Directory
salt therapy products
Saltability: salt therapy products
Spa software
SpaBooker: Spa software
Flooring
Total Vibration Solutions / TVS Sports Surfaces: Flooring
Cryotherapy
Art of Cryo: Cryotherapy
Snowroom
TechnoAlpin SpA: Snowroom
Lockers
Fitlockers: Lockers
Property & Tenders
Cleveland Lakes, Wiltshire and Gloucestershire
Cotswold Lakes Trust
Property & Tenders
Loughton, IG10
Knight Frank
Property & Tenders
Diary dates
03-05 Sep 2024
IMPACT Exhibition Center, Bangkok, Thailand
Diary dates
08-10 Sep 2024
Wyndham® Lake Buena Vista Disney Springs™ Resort, Lake Buena Vista, United States
Diary dates
19-19 Sep 2024
The Salil Hotel Riverside - Bangkok, Bangkok 10120, Thailand
Diary dates
20-22 Sep 2024
Locations worldwide,
Diary dates
01-04 Oct 2024
REVĪVŌ Wellness Resort Nusa Dua Bali, Kabupaten Badung, Indonesia
Diary dates
09-13 Oct 2024
Soneva Fushi, Maldives
Diary dates
10 Oct 2024
QEII Conference Centre, London,
Diary dates
22-25 Oct 2024
Messe Stuttgart, Germany
Diary dates
24-24 Oct 2024
QEII Conference Centre, London, United Kingdom
Diary dates
04-07 Nov 2024
In person, St Andrews, United Kingdom
Diary dates
04-06 Feb 2025
Coventry Building Society Arena, Coventry, United Kingdom
Diary dates
11-13 Feb 2025
Fairmont Riyadh , Saudi Arabia
Diary dates
10-13 Apr 2025
Exhibition Centre , Cologne, Germany
Diary dates
07-07 Jun 2025
Worldwide, Various,
Diary dates
28-31 Oct 2025
Koelnmesse, Cologne, Germany
Diary dates
Search news, features & products:
Find a supplier:
The Leisure Media Company Ltd
The Leisure Media Company Ltd
Partner sites