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
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
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
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
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
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
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
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
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
Steve Madden has announced the appointment of Zine Mazouzi, currently chief accounting officer and senior vice president of finance and operations, to succeed Arvind Dharia as Chief Financial Officer, effective January 1, 2021. To ensure a smooth transition, the company said, Dharia will serve in an advisory capacity through 2021. Commenting on...
10 Dec 2020
Steve Madden revenue decreased 30.9 percent to 346.9 million dollars compared to 502.1 million dollars in the same period of 2019. The company’s gross margin increased 130 basis points to 40.3 percent, while net loss attributable to Steven Madden, Ltd. was 6.9 million dollars or 9 cents per diluted share, compared to net income of 52.5 million...
27 Oct 2020
CEO and founder of Greats, Ryan Babenzien, has announced he is leaving the footwear brand. Babenzien took to Instagram and wrote: “After almost seven rewarding years, I’ve decided to step down as the CEO of Greats. I never thought about what it would be like to write those words until recently, but after thinking about what’s important to me,...
3 Sep 2020
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