S&P cut the Eager Beavertons’ long-term issuer credit rating and unsecured issue-level ratings from A+ to A, and affirmed their A-1 short-term and commercial paper ratings, and now expects turnaround efforts to extend beyond the firm’s previous forecast.

Sales at the Norwegian owner of Swix, Lundhags, Toko, Ulvang, and Helsport fell by more than 9% to NOK 957 million ($92.1 mm) from NOK 1.06 billion, while the operating loss widened to NOK 238 million ($22.9 mm) from NOK 91 million.

The 73-year-old Canadian outdoor retailer announced on its website that it will cease operations in the coming weeks following filing for creditor protection four months ago, owing more than C$18.7 million ($13.6 mm) against just C$3.2 million ($2.3 mm) in assets.

NSSF’s adjusted NICS FBI background checks declined 2.3% to 1,152,077 in Sep. from 1,179,424, marking the first down month since the start of the year.

Aggregate sales and net income continued their positive trends from the first quarter, with Q2 revenue at public sporting goods companies growing 10% to $54,943.3 million from $50,130.6 million and the bottom line jumping 154% to $3,943.3 million from $1,552.3 million as IEEPA tariff refunds poured in.

The U.K. retailer has accumulated 16,576,500 Class A shares of UA’s beaten-down stock, representing an 8.78% stake of the 188,839,506 shares outstanding, according to a Schedule 13G filing.

The Eager Beavertons’ new “Pace” plan aims to realize about $2.5 billion in total savings through fiscal 2031, largely through layoffs, global supply chain updates, an expanded campus in Bengaluru, India, and rolling Greater China into Asia-Pacific.

Levi Strauss appointed the longtime Skechers executive as its EVP and chief financial officer, effective Nov. 1, lauding his experience with building a global financial organization over the past nine years.

PRADCO, which is a subsidiary of EBSCO Industries, is adding the Seawall Capital-owned parent of a dozen watersports and marine safety brands to its portfolio.

The fashion e-tailer has acquired a minority stake in 437, the Toronto-based women’s activewear brand, for C$15 million ($10.9 mm), expanding its footprint in the performance apparel space.

August sporting goods, hobby, music, and bookstore adjusted sales grew steadily once again, improving 10.7% year over year to $9,061 million from $8,182 million, the Commerce Dept. reported.

The Equal Employment Opportunity Commission hit the employee-owned retail chain with an age discrimination suit in NV district court alleging it forced a class of employees to sell their company shares when they turned 40 years old.

Gobi Heat is recalling about 5,547 rechargeable hand warmers because their lithium-ion battery and electrical components can overheat and ignite.