Finance & Business World

Bakers Footwear Group Inc., a St. Louis-based women’s footwear retailer, announced Friday that it no longer meets the minimum stockholders’ equity requirement needed to remain listed on the Nasdaq Capital Market.

For the quarter ended Oct. 31, Bakers reported a shareholders’ deficit of $3.5 million. The retailer said it intends to submit to Nasdaq by Dec. 29 a plan explaining how it will turn the deficit into equity and reach the minimum requirement of $2 poor credit personal loans.5 million this quarter. If the plan isn’t accepted by Nasdaq or if the plan fails, the company faces delisting from the stock exchange.

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