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Retail appointments of the week

Peloton sheds CEO, 2800 workers Fitness tech company Peloton has axed around 2800 people, including CEO John Foley, after its post-pandemic sales plummeted.  Foley has been replaced by former Spotify and Netflix chief financial officer Barry McCarthy.  “Our objective is clear: we are taking steps to best position Peloton for sustainable growth, while also establishing a clear path to consistent profitability,” Foley wrote in a letter to shareholders, The Guardian reported.