At its annual shareholder meeting yesterday, Peloton announced news about reopening the Peloton studios in New York City and London, which have been closed due to COVID-19 restrictions, as well as offering updates on its recalled Tread+.
According to Pelobuddy, Peloton CEO John Foley said that the company plans to reopen doors of its NYC and London studios to the public as soon as possible with no exact date yet in the cards. The London studio just opened in September, but both the NYC and London studios swiftly shut their doors to in-person training due to COVID-19 concerns. As to whether or not Peloton plans to expand locations to cities like Los Angeles or Miami, the answer is, unfortunately, no, with the company focusing its attention on virtual community building.
As for the disastrous Peloton Tread+, a $4,295 connected treadmill recalled in May after mechanical problems resulted in the death of a child and numerous injuries in other users, the company is still hoping to resolve the problem, get full CPCS approval, and relaunch the product, but admitted that they haven’t yet been able to resolve the issue completely. Alongside it, Peloton’s lower-priced Tread ($2,495) was also recalled this year for issues related to its screens falling off mid-workout, but the problem was fixed, approved by the the CPCS, and put back on the market this August for the US, UK, and Canada, and this autumn in Germany.
Other hot topics on the table, according to Pelobuddy, include beta tests on the upcoming $495 Peloton Guide strength device (set to launch new year) and Lanebreak video game mode, with the company teasing new hardware products. Also, Peloton offered more confirmation on the Peloton rower in the future.
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