This Half-Built Ohio Factory Shows How Peloton Mismanaged the Pandemic

In a northwest Ohio industrial park, up the highway from a new Amazon.com Inc. warehouse and a soon-to-open solar-panel plant, Peloton Interactive is building a million-square-foot factory that it will never use.

The once-hot stationary bike maker is selling the facility, initially set to cost $400 million and to be completed this fall, as it races to downsize a manufacturing operation expanded by leaders who believed Covid-driven demand would outlive the pandemic.