According to an article by the New York Times, as people are getting used to life in quarantine, there has been a significant increase in sale for Echelon and Peloton.
Sales at Echelon are 5 times higher than expected for the first 3 months of 2020. While at Peloton, their revenue rose 66 percent in the first three months of 2020 from a year earlier,
Other home fitness companies have reported similar surges in demand. Sales at Echelon, which makes a less expensive internet-connected bike, grew five times higher than expected in the first three months of 2020, with demand comparable to Black Friday, said Lou Lentine, the company’s chief executive. Icon Health & Fitness, which owns the NordicTrack and ProForm equipment brands, said sales last month were four times as high as a year earlier.
www.nytimes.com
Sales at Echelon are 5 times higher than expected for the first 3 months of 2020. While at Peloton, their revenue rose 66 percent in the first three months of 2020 from a year earlier,
Other home fitness companies have reported similar surges in demand. Sales at Echelon, which makes a less expensive internet-connected bike, grew five times higher than expected in the first three months of 2020, with demand comparable to Black Friday, said Lou Lentine, the company’s chief executive. Icon Health & Fitness, which owns the NordicTrack and ProForm equipment brands, said sales last month were four times as high as a year earlier.
People Are Panic-Buying Meat, Toilet Paper … and Pelotons? (Published 2020)
With gyms closed and nowhere to go, more people are shelling out $2,245 for the workout bike.
