Peloton Slides Following Treadmill Recalls Citing Injury Risk, Child's Death

Shares of Peloton (PTON) are under pressure following the announcement of two separate voluntary recalls of the company’s Tread+ and Tread treadmills. Peloton is recalling about 125,000 Tread+ treadmills with model number TR01 after a six-year-old child recently died after being pulled under the rear of the treadmill and following 72 reports of incidents involving the treadmills. Additionally, Peloton is recalling about 1,050 Tread treadmills in the U.S. and about 5,400 in Canada, as the touchscreen on the treadmill can detach and fall, posing a risk of injury to consumers.

TREADMILL RECALL: Peloton is recalling about 125,000 Tread+ treadmills with model number TR01. The treadmill was launched as the Peloton Tread in 2018 but renamed Tread+ in September 2020. A 6-year-old child recently died after being pulled under the rear of the treadmill. In addition, Peloton has received 72 reports of adult users, children, pets and/or objects being pulled under the rear of the treadmill, including 29 reports of injuries to children such as second- and third-degree abrasions, broken bones, and lacerations. "Consumers should immediately stop using the recalled Tread+ and contact Peloton for a full refund until November 6, 2022," the statement said.

Additionally, Peloton is recalling about 1,050 Tread treadmills in the U.S. and about 5,400 in Canada, as the touchscreen on the treadmill can detach and fall, posing a risk of injury to consumers. The firm is aware of 18 reports of the touchscreen loosening and six reports of the touchscreen detaching and falling. No injuries have been reported in the U.S. There have been reports of minor injuries such as abrasions, minor cuts, and bruises in Canada and the United Kingdom. "Consumers should immediately stop using the recalled treadmills and contact Peloton for a full refund. This product is different than the Peloton Tread+ that was also recalled by the CPSC on May 5, 2021, because children, pets, and objects can be pulled underneath the Tread+ deck, posing a risk of injury or death," the statement added.

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