All Steve Madden articles
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ArticleHeydude is the hottest casual footwear brand in the US - Brand Heat Index
Heydude is the hottest casual footwear brand, both among men and women in the US, while Allbirds fell out of the top 10 both for men and women, according to the 2024 U.S. Footwear and Apparel Brand Heat Index released by L.E.K. Consulting. “In 2024, competition in the footwear space ...
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ArticleSteve Madden’s Q4 results beat expectations
In the fourth quarter of 2023, Steve Madden’s revenues and bottom line come in above the group’s expectations. Quarterly sales increased by 10.4 percent year-on-year to $519.7 million, while the gross profit margin slipped to 41.3 percent from 42.2 percent. The adjusted gross profit margin was 41.7 percent. The turnover ...
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ArticleThe stocks of footwear companies inched up in Q4
The prices of stocks monitored by Shoe Intelligence grew by 4 percent on average in the fourth quarter of 2023, compared with the previous three months, but trading remained volatile, with significant fluctuations among the companies of the cohort. The quarter was marked by the initial public offering (IPO) of ...
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ArticleSteve Madden enjoys strong growth in Europe
In the third quarter of 2023, Steve Madden enjoyed strong growth in Europe, but the performance in the region was not sufficient to enable the U.S. company to increase overall sales during the three-month period. “Our EMEA (Europe, Middle East and Africa) region was a standout,” commented Edward Rosenfeld, the ...
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News briefs
Steve Madden buys Almost Famous to expand its apparel business
In a move to expand its apparel business, Steve Madden has bought Almost Famous, a designer and marketer of women’s apparel, for $52 million in cash, plus an earn-out provision based on future financial performance. Almost Famous markets products under its own brands, primarily Almost Famous, as well as private ...
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News briefs
Steve Madden choses January Digital as its digital agency in North America
Steve Madden has named January Digital as its digital agency of record in North America. The media agency will be responsible for developing and executing Steve Madden’s digital media strategy and investment. In October 2022, Steve Madden hired January Consulting, the consulting arm of January Digital, to transform the brand’s ...
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ArticleSteve Madden’s expects an improvement in H2 after Q2 sales fall 17%
Steve Madden’s revenues decreased by 16.8 percent to $445.3 million in the second quarter of 2023 from $535.0 million a year earlier. However, the company expects an improvement in the second half of the year even if it remains cautious especially regarding re-orders from wholesale clients. Revenues for the wholesale ...
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ArticleThe stocks of footwear companies slip led by British firms
The prices of stocks monitored by Shoe Intelligence fell by 7 percent in the second quarter of 2023 compared with the previous three months, when the cohort gained about 5 percent. Shares were driven lower by British constituents of the panel. Some companies were hit by worrisome financial situations, but ...
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ArticleSteve Madden’s Q1 sales decline despite growth outside the U.S.
In the first quarter of 2023, Steve Madden suffered a 17.1 percent year-over-year decrease in revenues to $463.8 million due to declines in both its wholesale and direct-to-consumer (DTC) businesses. International revenues were a bright spot for the company, increasing by 13 percent in the quarter and accounting for over ...
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ArticleSteve Madden sees about 20% drop in wholesale revenues in H1
Steve Madden expects an about 20 percent drop in wholesale sales, which represent nearly 60 percent of its top line, during the first half of 2023 as clients reduce orders to reduce excessive inventories. In a conference call with financial analysts, the company’s chairman and CEO, Edward Rosenfeld, noted that ...
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ArticleStocks of U.S. footwear companies rebound in Q4
Trading remained very volatile in the fourth quarter of 2022 with the various clusters of our universe of stocks often fluctuating significantly compared with the previous three months. Overall, Shoe Intelligence’s selection of stocks continues to trend water, rising by just over 2 percent on average. Shares of Brazilian footwear ...
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ArticleCasual footwear sales rebound in 2021
As the world returned to more pre-Covid 19 normalcy, to the office and to social events, the branded casual footwear market recovered strongly by rising 19.5 percent in 2021 to $14,671 million from $12,272 million a year earlier. While impressive, the percentage gain did not equal those made by the ...
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ArticleSteve Madden cuts full-year guidance on order intake
Steve Madden reported third-quarter results in line with market expectations but slightly reduced its full-year guidance due to a slowdown in orders. In the period ended Sept. 30, the company posted a 5.3 percent increase in revenues year-over-year to $556.6 million. Sales for the wholesale business increased by 8.1 percent ...
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ArticleStocks of Brazilian footwear manufacturers outperform in Q3
In the third quarter of 2022, the stock prices of footwear companies and associated sectors monitored by Shoe Intelligence were on average virtually unchanged, falling by less than 3 percent when compared with the previous three months. But, the figure conceals noticeable disparities between the panel’s subsegments. The cohort of ...
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ArticleSteve Madden confirms full-year guidance despite a drop in consumer demand
Steve Madden posted a strong second quarter, beating earnings and revenues expectations, and confirmed its full-year targets despite a slowdown in consumer demand. The company saw a 34.5 percent increase in revenues in the second quarter of 2022 to $535.0 million, up from $397.9 million a year earlier and better ...
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News briefs
New Balance sues Steve Madden for alleged copyright infringement
New Balance Athletics has filed a design patent, trademark infringement, and unfair competition case, claiming that Steve Madden deliberately copied its 327 sneaker model with the launch of the “Chasen” shoe model. The complaint was filed in a Massachusetts District Court on June 7. New Balance introduced the 327 design ...
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ArticleSteve Madden lacks visibility for year end
After posting stronger-than-expected first-quarter revenues, Steve Madden warned that it suffers a lack of visibility about the fourth quarter of 2022 due to the potential headwinds stemming from the macroeconomic environment. Despite renewed lockdowns in China, due to the country’s zero-Covid policy, the U.S. footwear and apparel company has not ...
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ArticleSteve Madden eyes DTC, Europe and apparel for more growth
Steve Madden reported a net income of $66.0 million in the fourth quarter against $22.6 million a year earlier. On adjusted basis, the bottom line grew to $70.4 million from $21.8 million. Total revenues rose by 65 percent to $575.1 million for the quarter ended Dec. 31. Sales highlights included ...
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News briefs
Steve Madden in jewelry licensing deal with Centric
Centric Brands entered an exclusive licensing agreement with Steve Madden in the jewelry and hair accessories categories. Centric has been producing jewelry under Madden’s Betsey Johnson brand for the past four years. Edward Rosenfeld, chairman and chief executive officer of Steve Madden, said that “Centric has done an excellent job ...
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ArticleSteve Madden sees European sales above $60m this year
Steve Madden continues to enjoy strong growth in Europe, where sales are expected to be above $60 million this year, representing growth of more than 85 percent compared with 2019. When including the Middle East and Africa, the EMEA region could post sales close to $100 million. In April, the ...
