Peloton on Wednesday said it will recall its Tread+ and Tread treadmill machines following reports of several injuries and one death.

Details: The company is recommending that people who have bought the machines should stop using them immediately and contact Peloton for a full refund or "other qualified remedy."

• The U.S. Consumer Product Safety Commission last month issued a warning about Peloton's Tread+, citing "multiple incidents of small children and a pet being injured beneath the machines" as well as the death of one child.
• Peloton initially refused to recall the machines saying that the CPSC's warning was "inaccurate and misleading."

What they're saying: "The decision to recall both products was the right thing to do for Peloton’s Members and their families," said Peloton CEO John Foley.

• "I want to be clear, Peloton made a mistake in our initial response to the Consumer Product Safety Commission’s request that we recall the Tread+.  We should have engaged more productively with them from the outset. For that, I apologize," Foley added.