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Peloton is currently selling its fitness gear on Amazon

Beleaguered fitness company Peloton has struck a cope with Amazon to market an array of home fitness equipment and merchandise on the e-commerce platform, reported CNBC. The maker of connected bikes along with other exercise machines has struggled with declining sales as many folks go back to gyms and office life. The Amazon partnership marks the 1st time Peloton will sell its merchandise beyond its website and showrooms. Any exercise equipment ordered on Amazon may also include free delivery and assembly, that is exactly the same deal currently offered on Pelotons website.

You want to make it as simple as possible to obtain a Peloton, Pelotons Chief Commercial Officer Kevin Cornils told CNBC within an interview. Carrying out a sharp upsurge in demand because of its products through the pandemic that it struggled to meet up, the business now faces the contrary problem: an more than inventory. Peloton has attempted new solutions to boost sales, including a bike rental plan and partnering with colleges and hotels. Despite these efforts, bike and subscription sales have stagnated.

The business announced it could stop making its bikes come early july, leading to the layoffs of 600 Tonic factory workers. Earlier this month, it slashed another 780 jobs, turn off numerous its retail locations and increased the costs of some equipment. In addition, it announced that it could no more perform deliveries of its equipment and shifted last-mile logistics to a third-party company.

Earlier this season, the Wall Street Journal reported that Amazon have been in talks with Peloton to potentially find the fitness company. Although it hasnt yet gone that route, the success of Peloton sales on Amazon may lead to the firms teaming through to more efforts.

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