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IBM survey: Online holiday shopping strong, mobile increases 234%
New York City -- The IBM Benchmark snapshot, released Wednesday, of online retail data showed growing strength in the category.
According to the data, online sales for the week of Dec. 5 were up 7.3% year over year. On Monday, Dec. 12, online sales were up 11.8% over the same day in 2010.
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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.