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Peloton to halt Production of its Bikes, treadmills as Remote Workout Demand Wanes

the staff of the Ridgewood blog

Ridgewood NJ, Peloton is temporarily halting production of its connected fitness products due to a lack of customer demand. It has halted production of Bike+ and will pause Bike, Tread, and Tread+ production later this year. The company overestimated demand and now has excess inventory sitting in warehouses and cargo ships. It will start charging customers up to $350 in delivery and setup fees for its Bike and Tread machines at the end of this month. Peloton has lost $40 billion in market cap over the past year.

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