Serious and Sometimes Comic Musings on the Future of Retail
Peloton told employees it is slashing roughly 780 jobs, closing a significant number of its stores and hiking prices on some equipment.
The company didn’t specify how many of its 86 retail locations it plans to shutter.
It said it will exit last-mile logistics, close its remaining warehouses and shift delivery work to third-party providers.
Source: CNBC
Omni Talk is the retail blog for retailers, written by retailers. Chris Walton and Anne Mezzenga founded Omni Talk in 2017 and have quickly turned it into one of the fastest growing blogs in retail. Know More →
Subscribe today for unlimited access to all of our videos, podcasts, interviews and behind-the-scenes content.