Wholesale Propels Steven Madden, Offsetting A Retail Slump
Better inventory management and other operational improvements helped Steven Madden’s net income jump to $10,900,000 in the 1st quarter, as compared to $1,000,000 in 2005. The gross margin expanded by 990 basis points to 42.7 percent. The company’s net sales increased by 30.0 percent to $108.3 million, thanks to a ...
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