Peloton to sell less pricey treadmill after delays and recalls
CBSN
Peloton Interactive's redesigned and lower-cost treadmill will relaunch in the United States next week, the company said Tuesday.
Priced at $2,495, the Tread machine is slated to go on sale in the U.S., Canada and the U.K. on Monday, the company stated in a news release that uses the word "safety" nine times. The Tread's reintroduction comes after a May recall of it as well as Peloton's more costly Tread+ machines. Customers will also have to pay $39 monthly for Peloton's workout programming and live classes. "We've worked hard to make sure the new Tread truly earns its spot in Members' homes," John Foley, Peloton's CEO and co-founder, stated in the release. "We'll always continue to innovate our hardware, software and safety features to live up to our commitment to Member safety and to improving the full Member experience."
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