Steve madden news and archive

Steve Madden reports 55 percent revenue growth, raises outlook

Steven Madden, Ltd. reported a first quarter revenue increase of 55 percent to 559.7 million dollars. The company’s net income attributable to Steven Madden, Ltd. was 74.5 million dollars or 94 cents per diluted share compared to 21.2 million dollars or 26 cents per diluted share, in the same period of 2021. Adjusted net income was 73.4 million...

27 Apr 2022

BusinessFeatured

Steve Madden's Q4 revenues grow by 63.9 percent

Revenue at Steve Madden increased 63.9 percent to 578.5 million dollars compared to the same period of 2020. For fiscal 2022, the company expects revenue will increase 10 percent to 13 percent over fiscal 2021. The company expects diluted EPS will be in the range of 2.66 dollars to 2.76 dollars and adjusted diluted EPS tol be in the range of...

24 Feb 2022

Business

Centric Brands inks accessories licensing deal with Steve Madden

Multibrand collective Centric Brands has announced an exclusive licensing agreement with Steve Madden, enabling the company to produce jewellery and hair accessories for the fashion brand. The firm, which operates the likes of Tommy Hilfiger, Calvin Klein and Under Armour, has seen a growth in brand partnerships within the accessory category...

8 Feb 2022

Business

Steve Madden and Dolce Vita newest to explore resale market

As resale continues to grow, more and more retailers are beginning to explore the market and investigating ways to fit the system into their brand. Recurate, a circular economy tech company, has revealed two more players joining the resale game in the US: footwear companies Steve Madden and Dolce Vita. Each retailer will be home to peer-to-peer...

13 Jan 2022

Business

Steve Madden appoints Arian Simone and Peter Davis to its board of directors

Steve Madden has announced the appointment of Arian Simone, president and chief executive officer of Fearless Fund, and Peter A. Davis, a footwear and apparel industry veteran, to its board of directors. The company said in a release that Simone’s and Davis’ appointments expand the board to eleven directors, nine of whom are independent...

10 Jan 2022

BusinessFeatured

Steve Madden revenue and earnings improve in Q3

Revenue at Steve Madden increased 52.4 percent to 528.7 million dollars, gross profit as a percentage of revenue increased to 41.6 percent compared to 40.3 percent in the same period of 2020. Net income attributable to Steven Madden, Ltd. was 66.6 million dollars or 82 cents per diluted share, compared to net loss of 7 million dollars or 9 cents...

3 Nov 2021

Retail

Steve Madden to start with in-store omnichannel experience

As the world shifts from over a year of lockdown, retailers are looking for ways to ensure that their stores can continue to honour the new normal with a switch to omnichannel platforms. Trend-led shoe brand Steve Madden is the latest to join the long line of retailers harnessing the digital in-store commerce experience. Teaming up with...

16 Aug 2021

BusinessFeatured

Steve Madden Q2 revenues increase 178.6 percent

Steven Madden, Ltd. reported revenue increase of 178.6 percent to 397.9 million dollars compared to the same period of 2020. The company’s gross margin increased to 42.7 percent compared to 39.1 percent in the same period of 2020. Net income attributable to Steven Madden, Ltd. was 36.9 million dollars or 45 cents per diluted share, compared to...

29 Jul 2021

BusinessFeatured

Steve Madden posts rise in revenue and profit

Steven Madden, Ltd. reported revenue increase of 0.5 percent to 361 million dollars for the first quarter compared to the same period of 2020. The company said, gross margin increased 130 basis points to 38.5 percent. Net income was 21.2 million dollars or 26 cents per diluted share compared to net loss of 17.5 million dollars or 22 cents per...

29 Apr 2021

Business

Steve Madden completes stake acquisition in European JV

Steven Madden, Ltd. has announced that it has completed the acquisition of the 49.9 percent share that it did not already own of its European joint venture. Commenting on the development, Edward Rosenfeld, the company’s chairman and chief executive officer, said: “Since its formation nearly five years ago, our European joint venture has...

15 Apr 2021

Business

Steve Madden's Q4 revenues decline

For the fourth quarter revenue at Steve Madden decreased 15.9 percent to 353 million dollars. Gross margin for the quarter was 38.3 percent compared to 37.7 percent in the same period of 2019, while adjusted gross margin increased 40 basis points to 38.2 percent compared to 37.8 percent in the same period of 2019. Net income attributable to...

25 Feb 2021

Business

María Teresa Kumar joins Steve Madden’s board of directors

Steve Madden has announced that María Teresa Kumar has joined the board of directors. Kumar’s appointment expands the board to ten directors, eight of whom are independent directors. Kumar, the company said, will be a member of the company’s corporate social responsibility committee. Commenting on Kumar’s appointment, Edward Rosenfeld, Chairman...

7 Jan 2021