Peloton said on Wednesday that it had reached a deal with Amazon to sell exercise equipment, accessories and apparel on the retailer’s U.S. website, as the maker of stationary bikes tries to reinvigorate sales.
The deal is Peloton’s first attempt to sell products outside its direct-to-consumer model, like its e-commerce site and physical showrooms. The products available through Amazon include the Peloton Bike, priced at $1,445, and the Peloton Guide, a training device listed for $295. The company’s more expensive Bike+ machine and Tread treadmill are not available on Amazon, but can still be found on Peloton’s site.
“This collaboration allows Peloton to expand its distribution,” the company said in a statement.
Peloton, a winner in the early months of the pandemic as people were stuck in their homes, has struggled since Covid restrictions have eased and people have begun to feel more comfortable returning to gyms.
Earlier this month, Peloton announced plans to raise the prices of some products and slash roughly 784 jobs by closing stores and eliminating its warehouses. The move was a part of an $800 million cost-cutting strategy by the company’s new chief executive, Barry McCarthy, the former chief financial officer of Spotify and Netflix who replaced John Foley in February.
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