2021-05-05 17:12:21 –
New York (AP) — A month after Peloton denied that the treadmill was dangerous and said it would not withdraw from the market despite being associated with child deaths and injuries to 29 others. We are recalling about 125,000 treadmills in less than one. ..
The company announced on Wednesday 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 children and pet owners should stop using the treadmill immediately after their child is pulled under the treadmill and dies. 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 a statement Wednesday, Foley apologized and said the company “made a mistake” in its first response to the Safety Commission.
New York-based Peloton Interactive Inc.’s share price fell 14.6% on Wednesday to close at $ 82.62. This is the second largest daily percentage decline since trading began in 2019.
Senator Richard Blumenthal, a Connecticut Democrat who chairs the Consumer Safety Commission, said in a statement that the recall was dangerously delayed.
“Peloton has put consumers at unacceptable risk,” Blumenthal said, “so that companies like Peloton can no longer call shots about consumer safety” to strengthen safety commissions. Added that it would work for.
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. During the pandemic, virus-sensitive people avoided the gym and exercised at home, resulting in a surge in equipment sales. 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, pulls people. It may be more likely. Pets and items 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.
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Peloton recalls treadmills, halts sales, after a child dies – Twin Cities Source link Peloton recalls treadmills, halts sales, after a child dies – Twin Cities