Hanover Direct gets notice of potential delisting from AMEX

EDGEWATER , N.J. — Hanover Direct Inc. has received a letter from the American Stock Exchange dated Dec. 9 saying it has failed to satisfy an additional continued listing standard.

Specifically, Hanover has yet to file its Quarterly Report on Form 10-Q for the fiscal quarter ended Sept. 25, which is a condition for the company's continued listing on the AMEX and is a material violation of its listing agreement with the exchange.

Therefore, the AMEX is authorized to suspend and, unless corrective action is taken, remove the company's securities from the exchange. AMEX advised Hanover that if the company is not in compliance with the filing requirements by Dec. 31, the exchange staff will initiate delisting proceedings. In addition, should Hanover regain compliance with the filing requirements prior to Dec. 31, the exchange staff will review the filing to determine whether the company is making progress consistent with the plan.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!