Releasing preliminary figures for the first quarter, Steven Madden says its sales should hit $106 million to $107 million, up from $100.5 million in the first quarter of 2008. This year’s figure does not take into account sales of the Candies brand, which now classifies as “other income” because of its shift from a wholesale model to a “first cost” model. The quarter of 2008 included $4.9 million in sales for Candies. However, Steven Madden’s international business made the switch in the opposite direction, so for the 2009 quarter there is $5.2 million included in net sales whereas in 2008 there was none. As a result of the quarter’s performance, the company expects sales for the full fiscal year to range from flat to a 2 percent decrease including the changes in Candies and in the international business. Without incorporating these, sales are expected to drop by 2 percent to 4 percent for the full year. Final figures for the first quarter will be released on May 5.