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.