U.S. regulator issues warning about Peloton Tread+ treadmills

spaminator

Hall of Fame Member
Oct 26, 2009
29,197
1,265
113
U.S. regulator issues warning about Peloton Tread+ treadmills
Author of the article:postmedia News
Publishing date:Apr 18, 2021 • 4 hours ago • 1 minute read • Join the conversation
This screengrab taken from a video released by the U.S. Consumer Product Safety Commission shows a child being sucked under the Peloton Tread+ treadmill.
This screengrab taken from a video released by the U.S. Consumer Product Safety Commission shows a child being sucked under the Peloton Tread+ treadmill. PHOTO BY U.S. CONSUMER PRODUCT SAFETY COMMISSION /YouTube screengrab
Article content
The U.S. Consumer Product Safety Commission is urging owners of Peloton Tread+ treadmills to stop using the machines around children after reports of injuries and one death.

The U.S. regulator released a video on Saturday showing a child being dragged under the treadmill after being caught in the machine.


The agency said there were 39 reports of such incidents involving children and one involving a pet.

Advertisement
STORY CONTINUES BELOW

This advertisement has not loaded yet, but your article continues below.
Article content

“CPSC staff believes the Peloton Tread+ poses serious risks to children for abrasions, fractures, and death,” the regulator said in a press release.

“In light of multiple reports of children becoming entrapped, pinned, and pulled under the rear roller of the product, CPSC urges consumers with children at home to stop using the product immediately.”

In a statement, Peloton called the CPSC’s warning “concerning” but “inaccurate and misleading,” and said the product was safe when proper precautions are taken.

In March, the company’s chief executive officer emailed Tread+ owners informing them that a child had died after an accident involving the machine.

“While we are aware of only a small handful of incidents involving the Tread+ where children have been hurt, each one is devastating to all of us at Peloton,” CEO John Foley said in the letter.

“To prevent accidents, please take care to review and follow all the safety warnings and instructions that we provide,” he said.

The Tread+, which costs more than (US)$4,000, is not sold in Canada.
1618790013069.png
 

spaminator

Hall of Fame Member
Oct 26, 2009
29,197
1,265
113
Peloton recalls treadmills in U.S. after injuries, death of child
Author of the article:Reuters
Reuters
Publishing date:May 05, 2021 • 1 hour ago • 2 minute read • Join the conversation
Maggie Lu uses a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on Jan. 11, 2018 in Las Vegas, Nevada.
Maggie Lu uses a Peloton Tread treadmill during CES 2018 at the Las Vegas Convention Center on Jan. 11, 2018 in Las Vegas, Nevada. PHOTO BY ETHAN MILLER /Getty Images
Article content
Peloton Interactive Inc on Wednesday announced a recall of its treadmills, reversing course just weeks after saying there was “no reason” to stop using the exercise machines despite reports of multiple injuries and the death of a child in an accident.

Chief Executive Officer John Foley also apologized for the company’s initial reaction to a report from the U.S. Consumer Product Safety Commission (CPSC) in April, which warned consumers about the dangers of Peloton’s Tread+ treadmills. It had called the report “inaccurate and misleading.”


“I want to be clear, Peloton made a mistake in our initial response to the CPSC’s request that we recall the Tread+,” Foley said. “We should have engaged more productively with them from the outset. For that, I apologize.”

Peloton’s shares fell about 13% to $84.54 on the recall announcement, which applies to both the Tread+ and Tread treadmills.

Reports of dozens of incidents of children being sucked beneath its machines have been a shadow over Peloton in the last few months, eating away at some of the stock’s gains that were spurred by a surge in popularity of its exercise bike among people staying at home during the COVID-19 pandemic.

Advertisement
STORY CONTINUES BELOW

This advertisement has not loaded yet, but your article continues below.
Article content
This screengrab taken from a video released by the U.S. Consumer Product Safety Commission shows a child being sucked under the Peloton Tread+ treadmill.
This screengrab taken from a video released by the U.S. Consumer Product Safety Commission shows a child being sucked under the Peloton Tread+ treadmill. PHOTO BY U.S. CONSUMER PRODUCT SAFETY COMMISSION /YouTube screengrab
Peloton is slated to put out its earnings report after markets close on Thursday. Analysts are expected to seek more clarity on the company’s response to the issue.

The company generates most of its revenue from exercise bikes and subscription services, and analysts estimate that only 6% of its connected fitness subscribers own a Peloton Tread+.

“A recall of the product at this point is the right thing to do for the long-term health of the company … but, as CEO Foley indicated, the recall probably should have been done earlier,” said Walter Thompson, president, American College of Sports Medicine.


Peloton’s Tread+ is a “slat-belt” treadmill, which needs a higher torque motor and ground clearance than a typical home treadmill, making them a risk around children and pets.

The company previously said to keep children and pets away from the treadmills at all times.

Peloton did not immediately respond to a Reuters request for additional comment.
1620238652381.png