Peloton recalls treadmills: The US consumer protection agency has been warning of Peloton devices since April because accidents with children had occurred.
New York - 70 accidents involving children have occurred in connection with a peloton treadmill in the USA, one child was killed in the process.
The device manufacturer Peloton cannot and does not want to accept any more serious mishaps and finally acted: The stock-endowed group started the official recall of the “Tread” and “Tread +” treadmills.
Recall from Peloton treadmills: "Do not use immediately"
"Customers should stop using the treadmills immediately and contact Peloton for a full refund of the purchase price." The statement could not be clearer.
And yet it took weeks before the top of the company came to an agreement with the American consumer advocates to consistently withdraw the products from the US market.
As early as April, the consumer protection authority CPSC went public with an unusual measure: A private video showed a toddler being hit by a peloton treadmill and massively squeezed.
Consumers and manufacturers alike were shocked, but it still took weeks before Peloton was actually able to decide on the full recall.
The stock market is faster there!
Since the recall was announced, the Peloton share price has been on a massive downward slide, at the top even around eight percent in the red.
Peloton Recall: Massive Stock Impact
The manufacturer of fitness equipment went public in September 2019, and investors showed a lot of interest at the time. But especially with the beginning of the corona pandemic, things went uphill for the peloton and investors alike, as treadmills and bicycles for use at home became increasingly popular. Fitness studios were closed almost everywhere, so they had to switch to home training. Many customers around the world invested in the high-priced devices, especially customers in the USA spoiled themselves during the crisis with a luxury device for their own four walls. In Germany, Peloton currently only sells bicycles and accessories, so far there has been no evidence that the devices could be dangerous.