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Steve Madden news and archive

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...

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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...

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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'...

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Business

Steve Madden posts 13.7 percent rise in full year revenue

Steve Madden’s full year revenue increased 13.7 percent to 2,122 million dollars. Gross profit as a percentage of revenue increased to 41.2 percent, while net income attributable to Steven Madden, Ltd. increased to 216.1 million dollars or 2.77 dollars per diluted share and adjusted net income rose to 218.3 million dollars or 2.80 dollars per...

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Business

Steve Madden's Q3 revenues increase, updates outlook

Steven Madden, Ltd. recorded revenue increase of 5.3 percent to 556.6 million dollars for the third quarter of fiscal 2022. Gross profit for the quarter was 41.2 percent compared to 41.6 percent in the same period of 2021. Net income attributable to the group was 61.3 million dollars or 79 cents per diluted share compared to 66.6 million dollars...

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Business

Steve Madden ​posts revenue and profit growth

Revenue at Steve Madden increased 34.5 percent to 535 million dollars compared to the same period of 2021. Net income attributable to Steven Madden, Ltd. was 48.5 million dollars or 62 cents per diluted share, compared to 36.9 million dollars or 45 cents per diluted share, in the same period of 2021. Adjusted net income was 49.8 million dollars...

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BusinessFeatured

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...

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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...

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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...

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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...

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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...

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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...

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