BowFlex files for Chapter 11 bankruptcy after post-pandemic sales slump

BowFlex Inc. said Tuesday it has filed for Chapter 11 bankruptcy with a New Jersey court, after the home-exercise equipment company saw sales slump in the post-pandemic world.The Vancouver, Washington-based company’s move was expected, after it said there was “substantial doubt” it could continue as a going concern in its latest earnings release, when it posted a loss and sales that were well below the year-earlier period.“As a result of the continued challenging retail operating environment, deteriorating ...