Steve Madden news and archive

Steve Madden to cut Chinese imports by almost half in wake of Trump re-election

The chief executive officer of Steve Madden, Edward Rosenfeld, has told investors that the company could reduce the amount of goods it imports from China by as much as 45 percent in the wake of Donald Trump’s re-election. His comments, which came during a Q3 earnings call, are in regards to Trump’s plan to raise tariffs on Chinese imports by up...

Business

Steve Madden ups revenue and earnings forecast

Steve Madden’s revenue for the third quarter increased 13 percent to 624.7 million dollars, while net income contracted to 55.3 million dollars or 77 cents per diluted share, while adjusted net income dropped to 64.8 million dollars or 91 cents per diluted share. For fiscal 2024, the company now expects revenue will increase 13 percent to 14...

Business

Unified Commerce acquires Greats and invests in Böhme

Unified Commerce Group (UCG) has acquired sneaker brand Greats from Steve Madden, which it bought in 2019, and announced a strategic investment in Utah-based womenswear retailer Böhme. The direct-to-consumer operator didn’t disclose the sale price for Greats, just that the Brooklyn-born sneaker brand would become the third brand in its portfolio...

Business

Steve Madden increases quarterly sales by almost 18 percent

US fashion retailer Steve Madden has also closed the second quarter of the 2024 fiscal year with a significant increase in sales. The company was also able to improve its earnings. This is according to an interim report published by the parent company Steven Madden Ltd. on Wednesday. In the period from April to June, group sales amounted to...

Business

Alo Yoga and Steve Madden partner with Reshop on faster refund service

Newly launched refunding platform Reshop has announced lifestyle brand Alo Yoga and footwear label Steve Madden among its first partners, each one set to implement the company’s returns process to enhance customer experience. Reshop’s concept revolves around speedier refunding, removing the wait time for shoppers to get their money back by...

Business

Steve Madden Q1 revenues up 19 percent

Steve Madden’s first quarter revenue increased 19.1 percent to 552.4 million dollars compared to the same period of 2023. Gross profit as a percentage of revenue was 40.7 percent, while adjusted gross profit as a percentage of revenue was 40.7 percent in 2024. Net income attributable to Steven Madden, Ltd. was 43.9 million dollars or 60 cents...

Business

Steve Madden to begin selling perfume again

Footwear, clothing and accessories brand Steve Madden is preparing to step back into the perfume industry as it plans to once again launch fragrances, this time in collaboration with perfume company Parlux. The news was revealed to WWD, which was told by the eponymous designer that "with the explosive growth of the [Steve Madden] brand and the...

Business

Q3 revenues decline at Steve Madden

Revenues at Steve Madden decreased 0.7 percent to 552.7 million dollars in the third quarter. The company’s gross profit was 42.1 percent and net income attributable to Steven Madden, Ltd. rose to 64.4 million dollars or 87 cents per diluted share. Adjusted net income increased to 65.1 million dollars or 88 cents per diluted share. Commenting...

Business

Steve Madden acquires Almost Famous for 52 million dollars

Steven Madden, Ltd. has completed the acquisition of privately held Almost Famous, a designer and marketer of women’s apparel. The company said in a statement that the acquisition was completed for 52 million dollars in cash, plus an earn-out provision based on future financial performance. Commenting on the acquisition, Edward Rosenfeld,...

BusinessFeatured

Steve Madden sees revenue drop 17 percent for Q2

Footwear and accessories retailer Steve Madden has reported a drop in revenue for the second quarter of the year, with sales falling 16.8 percent to 445.3 million dollars. According to the company’s chairman and CEO, Edward Rosenfield, the earnings fell in line with expectations for the period “despite the challenging operating environment”. In...

Retail

Steve Madden to open second flagship store in London

American footwear brand Steve Madden will open a new brick-and-mortar location on Oxford Street in London. Located at 270 Oxford Street, the 1,200-square-foot store is set to open in late August, ahead of a grand opening event on September 7 for the public. The store will be designed to capture “the rebellious and authentic essence of London’s...

Business

Skechers sues Steve Madden over alleged design infringement

Footwear company Skechers has filed a lawsuit against Steve Madden, claiming that Madden's "Kennie" sneaker incorporates a design mark resembling Skechers' own mark in a "confusingly similar" manner. The lawsuit, filed in a California District court, alleges that Madden's mark shares similar proportions, thickness, and placement with Skechers'...