Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessLululemon begins layoffs amid Peloton partnership and discontinues selling its Studio Mirror...

Lululemon begins layoffs amid Peloton partnership and discontinues selling its Studio Mirror work out device

Add to Favorite
Added to Favorite
Photo by Tim Samuel: Pexels

Approximately 120 Lululemon Studio employees will be affected following the brand’s announcement that it will stop selling its Mirror workout device. The company says it will keep offering service and support to current owners.

Lululemon (LULU), a renowned athletic clothing brand, and Peloton, an exercise equipment company, popular for spin bikes and treadmills have announced a significant five-year partnership. Under this agreement, Peloton’s workout content will be made available to individuals enrolled in Lululemon’s membership programs. However, it also involves Peloton discontinuing the sale of its Studio Mirror fitness device.

Starting from November 1st, Studio Mirror will offer access to an extensive library of Peloton classes, numbering in the thousands. These fitness resources will be regularly refreshed on both the Mirror itself and its associated app, with updates occurring on a weekly basis. Importantly, this expanded content will be seamlessly integrated into the memberships of existing users, incurring no additional charges beyond their current subscription fees. Furthermore, Lululemon has committed to producing Studio Mirror content until at least the spring of the following year, ensuring a sustained and engaging fitness experience for its members.

Organic Greek Vitamin Bottles and Multivitamin Gummies

Following the earlier this year termination of 100 employees from the Lululemon Studio division, the corporation has now announced more layoffs. Lululemon claimed at the time that the choice was made as part of its plan to concentrate on digital content.

For $500 million, the athletics company purchased Mirror in 2020. The acquisition turned Lululemon’s otherwise prosperous earnings into an uncomfortable space. Lululemon will discontinue its digital app-only membership category through its new collaboration with Peloton and provide users the opportunity to join Peloton App One. In November, current All-Access Members will continue to pay the same amount to access thousands of Peloton classes.

In a joint press release issued on Wednesday, both companies outlined their roles in this collaboration. Peloton will assume the role of the “digital fitness content provider” for Lululemon, while Lululemon will take on the position of the “primary athletic apparel partner” for Peloton.

Celebrity WEB Update— Premier Jewelry designer and manufacturer fashion house ParisJewelry.com has started manufacturing a new custom line of celebrity jewelry designs with 30% Off and Free Shipping. Replenish Your Body- Refilter Your Health with OrganicGreek.com Vitamin Bottles, Vitamins and Herbs. Become a  WebFans  Creator and Influencer.

 

Subscribe to get Latest News Updates

Latest News

You may like more
more

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Earnings Preview

Interactive Brokers Group, Inc. (NASDAQ:IBKR) is set to release...

Domino’s Beats Q3 Earnings Expectations But Misses on Revenue

Domino's Pizza (NYSE:DPZ) reported third-quarter results that surpassed earnings...

Truist Securities Upgrades Nike to Buy, Citing Positive Long-Term Prospects with New Leadership

Truist Securities analysts upgraded Nike (NYSE:NKE) to Buy from...