Exercise/Fitness

8/29/2025 |  Peloton To Face Shareholder Lawsuit Over Pandemic Inventory Claims (SGB UPDATE) Peloton Interactive will have to face a lawsuit following a federal appeals court ruling, which claims that it misled shareholders regarding excess inventory when pandemic restrictions eased.
The United States Court of Appeals for the Second Circuit, located in Manhattan, according to a Reuters report, reversed a lower court’s decision on Wednesday, August 27, allowing shareholders to proceed with claims that Peloton made three false and misleading statements that artificially inflated its stock price.

8/22/2025 |  FTC Sues LA Fitness Alleging 'Exceedingly Difficult' Membership Cancellation Policies (Athletic Business) The Federal Trade Commission this week announced that it would sue the operators of LA Fitness, alleging that the gym franchise made it “exceedingly difficult” for gymgoers to cancel their memberships.

8/21/2025 |  FTC Sues LA Fitness Owner Over Hurdles to Canceling Memberships (SGB UPDATE) The Federal Trade Commission (FTC) has sued Fitness International, LLC, the parent company of LA Fitness, Esporta Fitness, City Sports Club, and Club Studio, over allegations that the company makes it exceedingly difficult for consumers to cancel their gym memberships. Fitness International said the allegations are “without merit.”

8/21/2025 |  Axil Brands, Inc. Sees Revenue Decline in Fiscal 2025; Net Income Shrinks (SGB UPDATE) Axil Brands, Inc., parent of the Axil hearing protection and enhancement products, reported that net sales for the fiscal year ended May 31, 2025, were $26.3 million, compared to $27.5 million in fiscal 2024.

8/19/2025 |  Johnson Health Tech Q2 Profit Slides Despite Revenue Gain (SGB UPDATE) Taiwan-based fitness equipment maker Johnson Health Tech Co., Ltd. reported earnings in the second quarter ended June 30 slumped 61.7 percent, to TWD 111.92 million ($3.7 mm) compared to TWD 292.09 million a year ago.