article thumbnail

Deep Dive: Buy Now, Exercise Now, Pay Later

PYMNTS

Exercise can help individuals maintain both their physical and mental health, and there are myriad options available for fitness beginners and enthusiasts alike. Millennials could be the most fitness-oriented generation the world has seen, with 76 percent of them reporting that they exercise at least once a week.

Exercises 141
article thumbnail

Peloton To Introduce Lower-Priced Treadmill, Higher-Priced Exercise Bike

PYMNTS

Sources told the news service while the startup offers the cheaper treadmill, it will introduce a more expensive stationary exercise bike and cut the price of its existing bike. CEO John Foley told analysts during call that the pandemic will change consumers’ exercise routines for the long term. Total revenue grew 66 percent to $524.6

Exercises 151
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Digital Exercise Brands Get Pumped Up As In-Person Fitness Loses Muscle

PYMNTS

Just when it seemed America was starting to actually use gym and fitness studio memberships that so often fall dormant after a few visits, COVID-19 shut down the workout industry hardcore. Consider the empty gyms and studios of 2020 as compared to mere months ago. “In In 2019, U.S. health club membership reached an all-time high of 64.2

Exercises 206
article thumbnail

Tonal Seeks More Funding To Produce $3K Home Workout Stations

PYMNTS

San Francisco-based Tonal — which offers a $2,995 exercise station with subscription-based workouts — is looking for more funding as the COVID-19 crisis upends the world of exercise. As PYMNTS has reported , the pandemic has created new opportunities for the exercise equipment industry.

Exercises 233
article thumbnail

SoulCycle To Debut Home Exercise Bike To Compete With Peloton

PYMNTS

SoulCycle is gearing up to release its own at-home bike that could compete with rival Peloton, after teasing the product last summer, according to reports. The fitness company’s product looks similar to Peloton’s, with on-demand cycling classes that can be streamed through a monthly contract with the Variis platform.

Exercises 150
article thumbnail

What Is Not Considered a TRACE-Eligible Security and What Should Not Be Reported

Perficient

Transactions resulting from the exercise or settlement of an option or a similar instrument, or the termination or settlement of a credit default swap, another type of swap, or a similar instrument. Transfers of securities made pursuant to an asset purchase agreement (APA) that is subject to a hearing in a bankruptcy court.

Security 474
article thumbnail

California Dept. of Financial Protection and Innovation announces plans to exercise expanded powers under Consumer Financial Protection Law

CFPB Monitor

In its January 2021 monthly bulletin , the DFPI stated that, with the CCFPL now in effect, the DFPI will begin exercising its “expanded powers to better protect consumers from unlawful, unfair, deceptive, and abusive practices.” In the bulletin, the DFPI outlines its plans to implement the CCFPL and exercise its expanded powers.

Exercises 127