Hanover Gets Time to Comply

Share this article:
The American Stock Exchange granted Hanover Direct Inc., Edgewater, NJ, an extension until Nov. 21, 2005, to regain compliance with the exchange's listing standards.


The extension was announced Friday by Hanover Direct. The company's catalog and Internet portfolio of home fashions, apparel and gift brands includes Domestications, The Company Store, Company Kids, Silhouettes, International Male, Scandia Down and Gump's by Mail.


Hanover was informed in May that it does not meet certain listing standards regarding shareholders' equity and losses from continuing operations and/or net losses in two out of its three most recent fiscal years.


On June 22, 2004, Hanover submitted a compliance plan to the exchange, which accepted the plan Aug. 3 and granted the extension. Hanover will be subject to periodic reviews by the exchange during the extension period. Failure to make progress consistent with the plan or to regain compliance by the Nov. 21, 2005, deadline could result in the company being delisted.


Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Data/Analytics

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

Harvard Prof: Marketers Need to Step Up Their Predictive Abilities

Harvard Prof: Marketers Need to Step Up Their ...

Statistics expert Edo Airoldi says data must be paired with predictive analytics before marketers can truly forecast customer behavior.

The (Marketer's) TV Guide

The (Marketer's) TV Guide

Public broadcasting station WGBH in Boston cleans up its dirty data and boosts donations.

Acxiom Mobilizes and Socializes SMBs

Acxiom Mobilizes and Socializes SMBs

MyAcxiomPartner.com enables simple campaigns for social and mobile channels.