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Follow us on FacebookPeloton is reportedly pausing Bike and Tread production amid lower demand (update)
@ 2022/01/21Peloton is reportedly pumping the brakes on Bike and Tread production as demand for the home fitness equipment is said to be slowing.
It's said to be putting production of its standard Bike and Tread (treadmill) products on hold for two months and six weeks, respectively. The company stopped building Bike+ units last month and it doesn’t plan to pick up production of that more expensive model until June, CNBC reports. As for Tread+, Peloton reportedly doesn’t expect to build any more of those in its 2022 fiscal year.
It's said to be putting production of its standard Bike and Tread (treadmill) products on hold for two months and six weeks, respectively. The company stopped building Bike+ units last month and it doesn’t plan to pick up production of that more expensive model until June, CNBC reports. As for Tread+, Peloton reportedly doesn’t expect to build any more of those in its 2022 fiscal year.
