Teenage apparel retailer Delia’s Corp on Friday said it has received a deficiency notice from Nasdaq after its share price fell below the $1 threshold.

The company said in a short statement it has been given until February 10 (90 calendar days) to regain compliance, during which time its common stock will continue to trade on the Nasdaq National Market.

Stephen Kahn, CEO of the 54 store chain, commented: "We are taking appropriate steps in an attempt to rectify the situation and we remain focused on our commitment to maximise shareholder value."