Sport Chalet Inc said Monday it was evaluating strategic alternatives, including raising additional capital, amending or replacing its current credit facility, or further cutting costs.

The Los Angeles-based sporting-goods retailer said after the market closed that it had amended its credit agreement with Bank of America for the second time. The bank will refrain from exercising its rights on certain defaults by the company until March 2 instead of Jan. 31.

“While we remain focused on meeting the challenges posed by the unprecedented macroeconomic difficulties in our core market areas of California, Nevada and Arizona, the board is evaluating all alternatives to achieve maximum value for Sport Chalet shareholders,” said Chief Executive Craig Levra in a statement.

Sport Chalet retained Wedbush Morgan Securities as financial advisors. The company is scheduled to report fiscal third-quarter results on Feb. 11.

Shares closed down 3 cents, or 8.6 percent, to 32 cents on the Nasdaq.