September 21, 2014 7:32 PM ET

Leisure Products

Company Overview of ICON Health & Fitness, Inc.

Company Overview

ICON Health & Fitness, Inc. develops, manufactures, and markets fitness equipment. It offers products in various categories, including treadmill, an optimal indoor exercise machine for burning calories; elliptical crosstrainers that offer low-impact cardio exercise for women; exercise bikes; and various strength training products. It also offers Incline Trainers, stationary bikes, home gyms, weight benches, yoga and pilates equipment, hand-held exercise, and performance apparel. The company offers its products through retailers in the United States, Asia, Brazil, Australia, Europe, Latin America, Mexico, and internationally. It also offers products online (through its brands’ Websites). The ...

1500 South 1000 West

Logan, UT 84321

United States

Founded in 1994

3,300 Employees

Phone:

435-750-5000

Fax:

435-750-5238

Key Executives for ICON Health & Fitness, Inc.

Chairman of the Board and Chief Executive Officer
Age: 48
President and Chief Merchandising Officer
Age: 43
Co-Founder and Director
Age: 59
Chief Financial & Accounting Officer
Age: 56
Chief Operating Officer
Age: 50
Compensation as of Fiscal Year 2014.

ICON Health & Fitness, Inc. Key Developments

Icon Health & Fitness, Inc Agrees to Pay $3 Million in Civil Penalties to Settle Federal Trade Commission Charges

ICON Health & Fitness, Inc. and its related entities have agreed to pay $3 million in civil penalties to settle FTC charges that the companies violated the Commission's 1997 consent order by advertising that use of their exercise equipment for just three minutes a day would result in significant weight loss. The 1997 administrative order against ICON Health & Fitness, Inc. (ICON) prohibited the marketers from making unsubstantiated claims for weight-loss exercise equipment and required that an endorser's claim reflect a typical user's experience or be accompanied by a clear and prominent disclosure. According to the FTC's current complaint, since at least August 2010 and through June 2013, ICON ran several types of advertisements making weight-loss claims for the ab GLIDER. The ads included video infomercials on television, ICON's website, and social media networks. The advertisements, featuring television personality Elisabeth Hasselbeck and multiple consumer endorsers, claimed that using the ab GLIDER alone or using the ab Glider for only three minutes a day would lead to lost pounds, inches, or clothing sizes. The FTC complaint states that consumers achieved these results by being on a controlled diet, using the ab Glider for more than three minutes a day, and engaging in additional exercise. Because ICON cannot substantiate the claimed results were solely from ab Glider use or use for only 3 minutes a day, the FTC charged it with violating the 1997 order.

iFit Launches iFit Active Tracking Device

iFit announced that at the 2014 International Consumer Electronic Show, iFit will introduce its wearable iFit Active band, at booth #25933 in the Fitness Tech Zone at the Las Vegas Convention Center South Hall #2. The new iFit Active wearable band expands iFit technology to iFit Everywhere. Sizing is as easy to adjust as a watch strap and can be customized with a variety of colors. The default display for the iFit(R) Active band includes two metrics: time of day and user's choice of distance, calories and steps. The iFit(R) Active tracker retails for $129 and will be available in Spring 2014 and includes the iFit Active app, available on both iOS and Android.

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