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WOW Peloton is jacking up prices of its Bike+ and Tread fitness gear again
The company is also cutting another 784 jobs and has plans to shut stores.
It’s been a brutal year for Peloton and the company is enacting more major changes in a bid to get back on track. On the consumer front, Peloton is reversing price cuts to two of its core pieces of fitness equipment. The Bike+ is going back up from $1,995 to $2,495 in the US.
The Tread, meanwhile, will be more expensive than before Peloton reduced prices in April to focus on subscription revenues. The Tread will go up by $800 in the US to $3,495. At the start of this year, the machine cost $2,895. The company is also increasing the prices of the products in Canada, the UK, Germany and Australia.
Lowering the prices in the first place “cheapened at least the perception of the brand,” CEO Barry McCarthy told Bloomberg. “So this is a return to historical positioning.” He added that, “I probably wouldn’t have messed with the prices at all if I had been confronted with different inventory states back when we lowered the pricing.” The company isn’t changing the price of the original Bike or the Peloton Guide system for now.
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Meanwhile, in its third publicly disclosed round of layoffs this year, Peloton is cutting another 784 jobs across its distribution and customer service teams. It will close 16 warehouses in North America and solely use third-party companies for deliveries and setting up equipment in people’s homes. Shutting down in-house distribution and closing warehouses will lead to the loss of 532 jobs.
The company will also use third-parties to augment its customer support team, which will be slashed roughly in half with the loss of 252 positions. Those job cuts are on top of around 570 employees Peloton laid off in Taiwan last month as it transitions away from in-house manufacturing. In February, Peloton culled around 2,800 jobs and brought in McCarthy as the new CEO. However, the company still plans to hire in certain areas, such as software development.
On top of all of that, Peloton plans to start closing its retail showrooms next year. It remains to be seen how many will be closed, though it operates 86 in the US and Canada. The company will require office-based workers to return to its offices as of November.
McCarthy told employees in a memo (which was provided to Bloomberg) that changes were necessary to help make the company cash-flow positive once more. “We have to make our revenues stop shrinking and start growing again,” he wrote. “Cash is oxygen. Oxygen is life.”
Peloton posted a huge loss of $757.1 million for the first three months of 2022 due to a decline in revenue and soaring operating costs. It saw a major boom in business soon after the onset of the COVID-19 pandemic. However, it believed that demand would continue after the planet opened back up and it built too many units of its fitness gear before slowing down production earlier this year.
We’ll soon have a clearer picture of the current state of the business. Peloton will post its earnings results for the April-June quarter (Q4 of its fiscal year) on August 25th.
Eat More Fruits And Veggies Through Juicing
It is quite common for people not to consume any vegetables because they do not enjoy the taste. By juicing your veggies, you can still provide yourself with all of their essential vitamins and minerals. If you have thought about purchasing a juicer or trying your hand at a healthier lifestyle, the following tips will be of great interest.
There are different types of juicers to choose from. Masticating juicers are the best choice. This type of juicing equipment works to extract the juices in a more gentle way and the liquids retain more nutrients as a result. This type of juice from a masticating juicer stores easily and is more stable.
Add cucumber to dark, leafy green juices. Most leafy greens have a strong, sometimes unpleasant flavor. Cucumber will not only mask this taste, but adds a refreshing flavor to your drink. Use unpeeled cucumber for essential nutrients.
For healthier juices, try vegetables with dark green tints and then build upon that with other items. Juice should be half to three quarters spinach, broccoli or chard for the most nutrients possible. The rest of your juice should be made with delicious fruits that will help give your juice a great overall taste.
Save your juice, and slowly drink it. Pay attention to all the different flavors by drinking juices slowly. Roll the juice through your mouth, allowing your entire tongue to experience the individual tastes, and begin the process of digestion.
When making juice you can use color to guide you. From bright reds to vibrant greens, all the different colored fruits and vegetables have different nutrients and minerals. By mixing up the colors that you drink, you supply your body with a richer nutritional diet.
Wash your juicing equipment immediately after you have finished juicing. Also, some vegetable and fruit juices can stain jugs and blades.
If your kids do not like vegetables or their tastes, consider juicing them. Only few children enjoy eating vegetables. So you can give them the nutrients they are missing from the vegetables they neglect by juicing.
Learn more about the ingredients you want to use before juicing. Flavor mixing is always an issue, but the biggest issue is the nutritional value of various fruits and vegetables. Check to see which items contain which vitamins and minerals. Use vegetables and fruits that give you an assortment of your daily needs. Not only will your body get the right nutrients, you’ll also discover some new blends to enjoy.
Lemon Juice
Making fresh juice to store in the refrigerator is a good idea, but you need to take steps to prevent the juice from changing colors. Darker juices are not very appealing, but you can prevent this from happening. One thing that can help prolong the juice is to put some fresh lemon juice in the mixture. The lemon juice will help the juice retain its bright color, and it will not significantly alter the flavor.
When shopping for a juicer, look for one that is easy to clean, simple to assemble and convenient to store. If the process of assembling the juicer, juicing, dismantling the juicer, and cleaning it takes too long, you will never feel like juicing in the first place. You want to try your best to clean your juicer right after you juice so that you don’t have to worry about it later.
After using your juicer, you should consume the juice as soon as possible. To receive the best juice for being healthy, you should drink it immediately. If you allow the juice to sit for a few days, you will not get as many of the beneficial vitamins and minerals. It is therefore advisable to drink your juice as soon as possible.
Fresh juice might taste a bit bitter, but this can be masked by adding in sweet fruits and veggies. Oranges, strawberries and carrots impart sweet and unique flavors. Try mixing strawberries, cherries and blueberries with cranberries for a delicious juice. You can make a juice that is pleasing to your palate.
Try out a masticating juicer when you launch a campaign to incorporate juice into your diet. This type of juicer offers additional options like puree, grinding, and even freezing. This will add some variety to your juicing routine.
Remember the concept of “negative calories” when you are juicing for weight loss. Try to combine produce in your juice that takes more calories to burn than are consumed in the juice itself. Such low-calorie items include herbs, cabbages, and deep green veggies like kale and broccoli. High fiber fruits are also the best choice, as they take a lot of digestion to break down.
Have your family join you with juicing if you want to make it more enjoyable. The child can wash produce while the adult chops it.
Green juices are great for bodybuilding because they are so nutritious, but it is often assumed that they will taste pretty bad. This is false. You can add a variety of healthy ingredients to make the juice taste however you want it to taste. Things to try could include limes for a tangy taste, or fresh apples for sweetness.
Use the tips from the article you just read to help you get started in the nutritious world of juicing. You can now include juicing in your life and practice healthy habits for the future. You may even want to introduce juicing to your family and friends. Juicing is a healthy alternative when you just don’t enjoy the taste of vegetables.