JACKSONVILLE, Fla. (AP) -- Discount retailer Stein Mart Inc. has received notice that it may be delisted from the Nasdaq exchange because it did not file its third-quarter results on time.
Last week Stein Mart said a computer snafu forced it to revise its quarterly financial results. The Jacksonville, Fla. company said that improperly handled records related to a pending changeover in its electronic inventory system led it to miss recording permanent markdowns.
Stein Mart said Wednesday that it has 60 days to submit a plan to regain compliance.
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