The wait for a Peloton bike is back to pre-Covid levels ...Middle East

Economy by : (Quartz) -
After months of customers enduring absurdly long waits to get one of its $2,000 stationary bikes—more than 10 weeks, in some cases—Peloton says it has fixed its delivery issues.The company announced today (pdf) that wait times for its flagship bike are “now back to pre-COVID-19 levels.”Peloton had been overwhelmed by demand after Covid-19 shut gyms around the US and other countries last year. Shoppers turned to the fitness startup in droves as they sought ways to work out at home, buying its bikes faster than the company could supply them. It created a large backlog of orders and prompted Peloton to spend more than $100 million (pdf) on investments to shorten its delivery times.Read the res

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