Peloton is closing its store at the Mall of America, but only because it's moving into a larger space.
The company makes smart exercise bikes and treadmills and offers subscriptions so users can join fitness classes streamed live and on-demand via screens attached to the equipment.
It currently has a showroom on Level 1 South near Macy's at the Bloomington mall, but will be shifting to a larger, 2,400-square-foot space still on Level 1 South, but near the Apple and Microsoft stores.
According to a release from the MOA, the larger space will allow "prospective and current Peloton members the opportunity to take a test class on the Bike and Tread, receive a personalized tutorial on proper form and setup, and keep up with the company’s newest classes and features."
The new location will also sell Peloton apparel.
The existing store will remain open until the new unit is ready.
Anyone interested in a Peloton bike or treadmill should save up. The bikes currently retail at around $2,245 including installation, while its "Tread" running machines start at just shy of $4,000.
Peloton also charges users $39-a-month for those who want access to an unlimited number of its exercise classes.