All Steve Madden articles – Page 2
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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 ...
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ArticleCasual footwear market fell by 13.1% in 2020
According to a study conducted by Shoe Intelligence in collaboration with Sporting Goods Intelligence, the branded casual footwear market fell by 13.1 percent in terms of invoiced dollars to an estimated level of $18.33 billion in 2020 due to the devastating impact of the Covid-19 pandemic on retailing and demand. ...
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ArticleSteve Madden Q2 above expectations
Steve Madden posted higher-than-expected results in the second quarter and has shifted a significant part of its production out of China to Mexico and Brazil to address supply chain issues. The company also reported strong growth in Europe thanks to e-commerce.
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ArticleSteve Madden beats its own expectations in Q1
Steve Madden beat its own expectations in the first quarter of 2021 with revenues increasing by 0.5 percent to $361.0 million and a net income of $21.2 million, or $0.26 per diluted share, compared to net loss of $17.5 million, or $0.22 per diluted share, a year earlier. ...
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News briefs
Steve Madden takes full control of its European unit
Steve Madden has completed the acquisition of the 49.9 percent stake that it did not already own of its European joint venture. The subsidiary was formed in June 2016 and distributes Steve Madden-branded footwear and accessories to most countries throughout Europe. “Since its formation nearly five years ago, ...
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News briefs
Steve Madden lauches an eco-friendly brand
Steve Madden has launched Cool Planet by Steve Madden , which aims to offer affordable eco-friendly footwear targeted at younger consumers. The Cool Planet’s women’s collection kicks off which 19 styles retailing from $50 to $80 a pair. The brand was initially scheduled to be launched in April ...
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ArticleSteve Madden returns to a quarterly profit
Steve Madden returned to a profit in the fourth quarter as its results improve after the slump caused by the Covid-19 pandemic. The American designer of footwear, accessories and apparel posted a 15.9 percent year-on-year decline in revenues to $353.0 million but the gross margin increased to 38.3 ...
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News briefsSteve Madden names Maria Teresa Kumar to the board
Steve Madden has appointed María Teresa Kumar to the board of directors. With this appointment, the board expands to ten directors, eight of whom are independent. Kumar will be a member of the company’s corporate social responsibility committee. Kumar is the president and CEO of Voto ...
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News briefsSteve Madden has a new CFO as company veteran leaves
Steve Madden has promoted Zine Mazouzi , currently chief accounting officer and senior vice president of finance and operations, to the position of chief financial officer, replacing Arvind Dharia , who has been in the job since October 1992. The appointment is effective on Jan. 1. To ensure ...
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ArticleSteve Madden to boost private label business, cut Chinese production
Steve Madden expects that its private label business with Walmart and Target will increase notably next year as the mass retailers have shown strong resilience and benefited from the market disruption caused by the Covid-19 pandemic. Last year, Walmart and Target represented nearly a third of the ...
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ArticleThe casual shoe market grew by 6.0% in 2019
According to a study conducted by Shoe Intelligence in collaboration with Sporting Goods Intelligence, the branded casual footwear market grew by 6.0 percent in terms of invoiced dollars to an estimated level of $20.8 billion in 2019, in spite of strong competition from the athletic footwear brands in the disputed ...
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News briefs
Converse sues Steve Madden over sneaker design
Converse is alleging that Steve Madden copied its Run Star Hike sneakers. According to a suit that was filed by Converse on May 29 in a Massachusetts federal court, the Madden Girl Winnona Flatform High-Top and Shark sneakers contain unique Run Star Hike design elements. The Madden shoes ...
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Article
Steve Madden posts $17.5m loss in Q1
After a great year in 2019, Steve Madden was hit hard by the coronavirus pandemic and posted lower-than-expected results for the first quarter. The New York-based company recorded a net loss of $17.5 million, compared with a net income of $34.5 million for the year-ago quarter. Revenues decreased by ...
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Article
E-commerce drove Steve Madden
Steve Madden issued a cautious outlook for 2020 due to headwinds from the coronavirus outbreak, China tariffs and the termination of the Kate Spade footwear license. It said on Feb. 27 that it expected revenues to remain flat or to increase by 1 percent compared with 2019, but then on ...
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