SGB Executive

Peloton’s Shares Take Hit After CPSC Warning On Treadmills

Peloton’s Shares Take Hit After CPSC Warning On Treadmills

Shares of Peloton Interactive were down about 9 percent in mid-day trading Monday after the U.S. Consumer Product Safety Commission (CPSC) in an unusual move warned people to stop using the company’s Tread+ "immediately" if they have children or pets in the home, citing 39 incidents including one death.  Peloton called the warning "inaccurate and misleading" but some analysts felt the heightened safety concerns could slow subscriber growth. (Read More)

REI’s CFO Discusses The Co-Op’s Pandemic Pivot

REI’s CFO Discusses The Co-Op’s Pandemic Pivot

REI Co-op logged a net loss of $34.5 million in 2020 and sales on a Proforma basis were down 8 percent. However, the retailer was able to exceed its pandemic-adjusted targets and finish the year in a strong financial position, said Kelley Hall, REI SVP and CFO, in an interview with SGB Executive. Sales have also seen a resurgence since the initial pandemic-driven store closures and momentum has continued into 2021. (Read More)

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