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DICK’S Sells Peloton Products – Can This Latest Effort Pick Up? – Press Release

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  • Peloton Interactive Inc PTON has a partnership with DICK’S Sporting Goods Inc DCS for thisale of its hardware products.
  • Peloton’s products, including the Original Bike, Bike+, Tread and Guide, will be available in more than 100 DICK retail stores and e-commerce platforms across the United States.
  • The rollout is scheduled to start at the beginning of the holiday season.
  • Outside of Peloton’s own distribution channels, DICK’S will be the only retailer to stock this selection of Peloton connected fitness equipment.
  • also read: Pandemic Favorites Snap, Peloton Swap Executives Amid Slowdown
  • PTON expects this partnership to expand its overall addressable market and drive membership growth.
  • For DICK’S, the collaboration is expected to bring new customers to its brick-and-mortar and eCommerce environments.
  • “Retail remains a critical touch point, and we want to provide the shopping experience that many current and prospective members still crave,” said Jen Parker, Peloton’s senior vice president of global direct sales.
  • Price promotion: PTON shares trade 16.93% lower at $6.88 on the last check Thursday.

Source Story here

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