Sam’s Club said Monday it now sells the Echelon Fitness Sport-s connected bike, an alternative to the bike created by Peloton Interactive Inc. PTON,
and is priced at $ 799 plus the cost of the subscription. The bike was created exclusively for Sam’s Club, which is part of Walmart Inc. WMT,
wallet. The Sport-s connected bike includes a 10-inch screen, 32 levels of endurance and a six-month pass. “Interest in indoor cycling is reaching new levels, but for many people, the reality of owning one still feels financially out of reach,” Lou Lentine, chief executive of Echelon Fitness said in a statement. . Peloton, which has seen its shares plummet by more than 32% during the year, was updated on Monday. Walmart shares have been down 10.4% for 2021 so far. And the Dow Jones Industrial Average DJIA benchmark,
has increased by 4.4% during the period.