PYMNTS-MonitorEdge-May-2024

Tonal

Tonal Looks to Pick up Lululemon’s Broken Mirror Pieces With Trade-in Program
Tonal Looks to Pick up Lululemon’s Broken Mirror Pieces With Trade-in Program
December 19, 2023  |  Retail

When Lululemon bought Mirror in 2020, it was a move to expand beyond selling clothes and tap into the growing trend of working out at...

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Peloton, Lululemon Shift Gears to Respond to Changing Landscape of Fitness Hardware 
Peloton, Lululemon Shift Gears to Respond to Changing Landscape of Fitness Hardware 
May 09, 2023  |  Fitness

Last week PYMNTS reported that Peloton is preparing for a rebranding effort as it expands its knowledge of its customer base and their workout preferences....

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The Rise and Fall of Lululemon’s Connected Economy Venture
The Rise and Fall of Lululemon’s Connected Economy Venture
April 21, 2023  |  Fitness

During the pandemic, fitness apparel retailer Lululemon purchased a connected fitness company called Mirror in 2020 as a way reach cooped-up consumers. Later renamed Lululemon...

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How Facebook Turned the Metaverse Into a Buzzword
How Facebook Turned the Metaverse Into a Buzzword
March 27, 2023  |  Metaverse

It all started with a cat and a baby. In 1959, neurophysiologists David Hubel and Torsten Wiesel conducted an experiment on an anesthetized cat to...

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Tonal Valued At $1.6 Billion After $250 Million Funding Round
Tonal Valued At $1.6 Billion After $250 Million Funding Round
March 31, 2021  |  Investments

Smart at-home fitness platform Tonal has raised $250 million in an oversubscribed Series E funding round, valuing the company at $1.6 billion. The round was...

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Nordstrom Plans To Bring 40 Mini Tonal Shops To Its Stores
Nordstrom Plans To Bring 40 Mini Tonal Shops To Its Stores
March 01, 2021  |  Retail

Nordstrom will be bringing 40 mini Tonal shops to its retail locations as part of the retailer’s active department adjacent to fitness clothing and other...

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Tonal Raises $120M For Connected Fitness Growth
Tonal Raises $120M For Connected Fitness Growth
September 17, 2020  |  Investments

Tonal, a fitness company that sells what it calls “the smartest home gym,” announced on Thursday (Sept. 17) that it has raised $120 million in...

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Tonal Seeks More Funding To Produce $3K Home Workout Stations
Tonal Seeks More Funding To Produce $3K Home Workout Stations
May 20, 2020  |  Investments

San Francisco-based Tonal — which offers a $2,995 exercise station with subscription-based workouts — is looking for more funding as the COVID-19 crisis upends the...

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