Peloton rides the stay-at-home exercise wave — Panjiva
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Peloton rides the stay-at-home exercise wave

China 3053 Cons. Discr. - Durables 575 Coronavirus 511 U.S. 5404

Peloton, a maker of high end electronic workout equipment, announced its first ever quarterly profit on the back of a wave of rising demand for exercise equipment driven by the COVID-19 pandemic. Panjiva data shows that total U.S. imports of exercise equipment from China and other Asian countries have increased by 32.6% and 21.7% year over year respectively, with the whole market increasing by 24.9% in Q2’20. This indicates that Chinese exporters are gaining back market share after the COVID-19 pandemic and trade war blunted shipments. U.S. seaborne imports associated with Pelot...

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