Peloton to Offer Refurbished Bikes for Savings of Up to $500
A Peloton stationary bike for sale at a showroom in Dedham, Mass.
Photographer: Adam Glanzman/BloombergThis article is for subscribers only.
Peloton Interactive Inc., which disappointed investors last month with a lower-than-expected holiday-season forecast, began offering refurbished bikes at discounts of up to $500 below new-model prices.
Prices for the certified refurbished models will range from $1,145 to $1,995, the fitness company said Monday. That is $300 to $500 below current prices, according to the statement. The deal is available in the US and Canada.