Peloton issuing recall on treadmills may impact demand: BMO managing director
BMO Capital Markets managing director Simeon Siegel discusses the impact of Peloton’s treadmill recall.
Peloton is gearing up to launch a more affordable version of its treadmill with new safety features months after recalling its Tread and Tread+ models due to injuries and one child death.
The less expensive Tread machine will go on sale on Monday in the U.S., Canada and U.K. priced at $2,495, the company announced Tuesday. The launch follows Peloton voluntarily issuing a recall amid safety concerns with children being pulled under the exercises machines.