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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.

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.

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