U.S. Census Bureau: Sporting Goods Sales Slide in May

For the fourth consecutive month, the Monthly Retail Trade Survey, prepared by the U.S. Census Bureau, reported a drop in sales in sporting goods stores. For the most recent reporting month (May), sales fell 3.9% after dropping 1.0% in April, 2.2% in Marc

Cybex Posts $2.1mm Loss in Second Quarter

Cybex International, Inc. reported loss of $2.1 million in the second quarter on a 16% slide in sales. The maker of exercise equipment also said it is in violation of certain financial covenants in its loan agreements and is negotiating with its banks…

Stamina Recalls Elliptical Trainers

Stamina Products Inc., in cooperation with the U.S. Consumer Product Safety Commission, has announced a voluntary recall of about 11,000 Elliptical Cross Trainers…

Wade Makes Move to Jordan Brand; Leaves Converse

Jordan Brand, a division of Nike, Inc., has signed Dwyane Wade to its roster of Team Jordan athletes. Wade joins an illustrious line-up which includes fellow All Stars Derek Jeter, Chris Paul and Carmelo Anthony and others. Wade had been the lead endorser

Wade Moves to Brand Jordan

Nike, Inc. has announced that Miami Heat guard Dwyane Wade has changed sponsors, making the switch from Converse to Nike’s Jordan Brand, effectively ending what had become a soured relationship between the NBA scoring champ and the NKE subsidiary…

Dept. of Education Awards $78 Million in PEP Grants…

The Department of Education announced the recipients of $78 million in Carol M. White Physical Education Program (PEP) grants. New PEP grants totaling $26.5 million will be distributed to more than 140 school districts and community based organizations ac