Peloton extends refund period for recalled treadmill another year
Share and Follow

Peloton Tread+ treadmill users have another year to get a refund for the product, which was recalled last year, the U.S. Consumer Product Commission and Peloton said on Tuesday.

The Tread+ was taken off the market in May 2021 after reports of children and pets getting pulled underneath the exercise equipment, causing injuries that killed one child. 

Peloton said in May it was working on a fix, but in the meantime the fitness company is extending the refund window for Tread+ owners from next month to November 6, 2023. 

peloton-tread-plus-recall-picture-0.png
Recalled Peloton Tread+ treadmill

U.S. Consumer Product Safety Commission


“Peloton is working on a rear guard that would address the hazard at the back of the treadmill but no repair has been approved to date, the CPSC said in a statement. People should “immediately stop using the recalled Tread+ treadmills,” the agency reiterated. 

In addition to the reported death, Peloton has received 335 incident reports, including 87 involving injuries, related to the Tread+, which cost around $4,300 when it was still available for purchase. 

Mounting financial losses

In its annual earnings report, Peloton in September disclosed that the CPSC “believes we failed to meet our statutory obligations under the Consumer Product Safety Act and intends to seek civil monetary penalties.” The company said it disagreed with the commission’s findings, but is in discussions with the agency’s staff.

Peloton’s less pricey treadmill, the Tread, was also recalled last year because of a glitch that caused the product’s touchscreen to loosen and in some cases fall off. 

Peloton, whose sales jumped in the early days of the pandemic as many Americans retreated indoors and bought fitness gear, has struggled of late. Over the last 12 months ending in September the company’s operational losses swelled to $1.2 billion, while its revenue fell sharply. 

Peloton shares also have tumbled 90% this year, while the company has announced more than 1,000 layoffs and shuttered stores in a bid to cut costs.

Share and Follow
You May Also Like
RHOA's Eva Marcille reconciles with ex Michael Sterling two years post-divorce

Eva Marcille from RHOA reunites with ex Michael Sterling after two years of the divorce.

Eva Marcille and Michael Sterling are giving it another go. Two years…
Individual killed after exchanging gunfire with border patrol agents in Texas

One person dies after shooting at border patrol agents in Texas

A man was killed after exchanging gunfire with U.S. Customs and Border…
Medicaid cuts could define midterms

How Medicaid cuts might impact the upcoming midterms

Medicaid is set to become a key issue in the battle over…
Chicago shooting: 16-year-old Meeyah Smith killed in Avalon Park worked with 'Englewood First Responders,' friends say; man hurt

Fatal Shooting in Avalon Park Claims Life of 16-Year-Old Meeyah Smith, Who was Involved with ‘Englewood First Responders,’ According to Friends; Another Individual Injured

CHICAGO (WLS) — A 16-year-old girl who was killed in shooting Friday…
Tim Hill came up clutch

Tim Hill shines under pressure

Heroes, zeros and the inside pitch from the Yankees’ 6-4 win over the Mets on…
Newly single Katy Perry shows ex Orlando Bloom on 'family' yacht trip

Katy Perry takes a yacht trip with family, post-breakup with Orlando Bloom

Katy Perry showed off her incredible figure in a black bikini during…
Pokémon card frenzy in Bay Area leads to person stabbed: Police

Police report stabbing in Bay Area during intense Pokémon card craze

(KRON) — A person was stabbed outside a GameStop in Colma Saturday…
Trump administration's crackdown on pro-Palestinian campus activists faces federal trial

Federal trial looms for crackdown on pro-Palestinian campus activists by Trump administration

BOSTON (AP) A federal bench trial begins Monday over a lawsuit that…