Stein Mart gets delisting notice from Nasdaq
JACKSONVILLE, Fla. — Stein Mart Inc. said Wednesday that it has been put on notice by the Nasdaq exchange because it did not file its third-quarter results by the deadline.
The retailer said it has been given 60 days to submit a plan to regain compliance, or it could be delisted from the Nasdaq exchange.
Last week, Stein Mart had to revise its quarterly financial results, attributing the change to a computer snafu. It said that improperly handled records related to a pending changeover in its electronic inventory system led it to miss recording permanent markdowns.