Peloton recalls treadmills, halts sales, after a child dies – Honolulu, Hawaii

Honolulu, Hawaii 2021-05-05 15:00:00 –

New York >> Peloton denies danger and, less than a month after saying it won’t withdraw from the market, even if a child dies or 29 are injured, about 125,000 treadmills I am recalling.

The company today announced that it will offer a full refund for the Peloton Tread + treadmill, which costs more than $ 4,200. We will also stop selling them.

The recall was made by the U.S. Consumer Product Safety Commission on April 17, when people with children and pets should stop using the treadmill immediately after the child was pulled under the treadmill and died. This is done after warning that.

At the time, Peloton opposed the Safety Commission, saying the warning was “inaccurate and misleading” and there was no reason to stop using the machine. CEO John Foley also said he had “no intention” to recall the treadmill.

In today’s statement, Foley apologized and said the company “made a mistake” in its initial response to the Safety Commission.

Shares in New York-based Peloton Interactive Inc. fell nearly 14% to $ 83.39 after the recall was announced today, the second-largest decline.

Senator Richard Blumenthal, a Connecticut Democrat who chairs the Consumer Safety Commission, said the recall was dangerously delayed.

“Peloton is unacceptably endangering consumers,” Blumenthal said in a statement, strengthening safety committees “so that companies like Peloton can no longer aim for consumer safety.” He added that he would try.

Current law requires the Consumer Product Safety Commission to negotiate with businesses to issue warnings about product hazards.

Peloton, best known for exercise bikes, introduced the treadmill about three years ago. Sales of Peloton equipment surged during the pandemic as virus-tired people avoided training in the gym or at home. In the last three months of 2020, the company generated $ 1 billion in revenue. This is more than double the previous year.

In total, Peloton said he received 72 reports that other items such as adults, children, pets, or exercise balls were pulled under the back of the treadmill. Of these reports, 29 were children with injuries such as fractures and cuts. A 6-year-old child has died.

Consumer Product Safety Commission spokesman Joseph Martyak said the agency is still testing treadmills, but the Peloton Tread + design, including belt and floor height, attracts people. Pets and items that are more likely to be under the machine than other brands of treadmills.

Owners of Tread + treadmills must receive a full refund from Peloton by November 6, 2022. The Safety Commission still recommends stopping the use of the treadmill, but for those who want to keep it, Peloton moves to a room where children and pets do not have access to the treadmill for free and updates the software. So unlock the treadmill that you said you will need.

Peloton recalls treadmills, halts sales, after a child dies Source link Peloton recalls treadmills, halts sales, after a child dies

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