Gap Adds Virtual Try-On Firm, Peloton Faces DOJ Sanctions, Amazon Closes In on Walmart

By  |  August 30, 2021
 | 
Gap

Peloton’s treadmill injury reporting leads to a DOJ subpoena. Plus, Gap has acquired the virtual try-on company Drapr, and we have all the latest news from Amazon and Walmart.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Data:

    9.2%: Share of consumer retail spending on Amazon last year, up from 3.9% in 2016.

    9.5%: Portion of retail spending at Walmart last year, up from 9.3% in 2016.

    2.33M: Number of Peloton’s connected fitness subscribers, up 114% year over year.

    24: Number of Gap and Banana Republic stores that closed this year.

    Advertisement: Scroll to Continue

    874K: Number of Peloton digital subscribers, up 176 percent from the previous year.


    Recommended

    Nvidia and Uber Join Forces to Accelerate Autonomous Driving

    Target to Cut 1,800 Corporate Jobs as It Struggles to Regain Momentum

    OpenAI Acquires Former Apple Shortcuts Team to Expand Desktop Offering

    California Tops States for AI and Social Platforms Accountability Rules

    See More In: , , , , , , , ,