Peloton is adding hundreds of dollars in delivery and setup fees for some bikes and treadmills starting Jan. 31
The at-home fitness company, hurt by slowing demand, is set to start charging customers hundreds of dollars in delivery and setup fees for its basic stationary bike and treadmill products, according to a banner notice on its website.
Starting Jan. 31, customers will pay $250 for the delivery and setup of some of its bikes. The company will also tack on a $350 delivery and setup fee for some of its treadmills, according to its website. Those fees are currently included in the price of those products. With the added fees, prices for Peloton’s basic bike will increase to $1,745 from $1,495. Its basic treadmill will rise to $2,845 from $2,495.Companies across the U.S. have been raising prices in recent months, rising last month at its fastest pace in nearly four decades. Peloton has grappled with a slumping share price and waning demand after being one of the market’s biggest darlings at the beginning of the Covid-19 pandemic.
Shares dropped 3.5% on Tuesday. The stock has lost more than 80% of its value since last year’s peak, wiping out much of its earlier gains in 2020.to keep up with orders. The shine wore off the company’s internet-connected bikes and treadmills throughout much of the year as many people began going back to gyms and offices.
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