Steve Madden news and archive

Steve Madden raises outlook after strong Q3

For its third quarter, net sales at Steve Madden increased 3.9 percent to 458.5 million dollars compared to 441.2 million dollars in the same period of 2017. The company said gross margin for the period was 38.2 percent compared to 37.6 percent in the same period last year, an increase of 60 basis points. Commenting on the results, Edward...

People

Liz Rodbell hired at Steve Madden

Liz Rodbell, former president of Lord & Taylor, has found herself a new home with Steven Madden Ltd. The company has announced they have hired her as group president of retail, accessories, and licensing, a newly created position. “Liz is a strong and inspiring leader and a highly respected merchant,” said Steve Madden chairman and CEO Ed...

ManagementFeatured

Steve Madden Q2 net sales increase 5.8 percent

Steve Madden, for its second quarter ended June 30, 2018, reported net sales increase of 5.8 percent to 395.8 million dollars. Gross margin for the quarter, the company said, was 37.3 percent. Net income was 32.4 million dollars or 0.56 dollar per diluted share, compared to 29 million dollars or 0.50 dollar per diluted share, in the prior year's...

Management

Steve Madden Q1 net income increases to 28.7 mn dollars

Steve Madden’s net sales in the first quarter increased 6.2 percent to 389 million dollars, while gross margin was 36.2 percent. Adjusted gross margin in the first quarter of 2017 was 36.6 percent. Net income was 28.7 million dollars or 0.50 dollar per diluted share, compared to 20.2 million dollars or 0.35 dollar per diluted share, in the prior...

ManagementFeatured

Steve Madden reports 10.5 percent rise in FY17 net sales

Net sales at Steve Madden increased 8.3 percent in the fourth quarter to 364.4 million dollars compared to 336.4 million dollars in the same period of 2016. For the full year ended December 31, 2017, net sales increased 10.5 percent to 1.55 billion dollars against the prior year. Net income was 117.9 million dollars or 2.04 dollars per diluted...

Report

Steve Madden reveals 8.3 percent rise in Q4 net sales

In a preliminary results update, Steve Madden announced that net sales in the fourth quarter were 364.4 million dollars, up 8.3 percent compared to the same period of 2016. Net sales for the wholesale division increased 10.6 percent to 278.2 million dollars or 2.5 percent to 257.9 million dollars excluding results from Schwartz & Benjamin....

ManagementFeatured

Steve Madden: Q3 net sales up 8 percent, maintains FY17 outlook

Steve Madden net sales for the third quarter increased 8 percent to 441.2 million dollars compared to 408.4 million dollars in the same period of 2016. Net income for the quarter was 44.2 million dollars or 0.77 dollar per diluted share, while adjusted net income was 44.5 million dollars or 0.77 dollar per diluted share, compared to 43.8 million...

Management

Q2 net sales increase 15 percent at Steve Madden

For the second quarter, net sales at Steve Madden increased 15 percent to 374.1 million dollars compared to 325.4 million dollars in the same period of 2016. The company reported net income of 29 million dollars or 0.50 dollar per diluted share, while adjusted net income was 29.7 million dollars or 0.51 dollar per diluted share, compared to 24.7...

Management

Steve Madden Q1 net sales up 11.2 percent

Steve Madden net sales increased 11.2 percent to 366.4 million dollars compared to 329.4 million dollars in the same period of 2016. Net income was 20.2 million dollars or 0.35 dollar per diluted share, while adjusted net income was 27.5 million dollars or 0.47 dollar per diluted share, compared to 23.7 million dollars or 0.39 dollar per diluted...

ManagementFeatured

Steve Madden net sales decrease 0.4 percent in FY16

Steve Madden net sales decreased 2.3 percent in the fourth quarter to 336.4 million dollars. For the full year, net sales decreased 0.4 percent to 1.40 billion dollars from 1.41 billion dollars in the prior year. Fourth quarter net income was 28.7 million dollars or 0.49 dollar per diluted share, compared to 25.7 million dollars or 0.43 dollar...

Retail

Shoes.com shuts down its e-commerce platforms

Shoes.com is having a rough start to 2017. The company’s three e-commerce sites were just announced to be shut down this past Friday. The three sites that shut down include OnlineShoes.com, ShoeME.ca and Shoes.com. Ranking as 151 in Internet Retailer’s Top 500 list, it seems that the company’s online platforms have suffered. There was no public...

Report

Citi Upgrades Steven Madden's shares after Schwartz & Benjamin´s acquisition

Citi analysts have upgraded their rating on Steven Madden's stock (SHOO) to 'buy'soon after the footwear and accessories brand announced the acquisition of family-run footwear business Schwartz & Benjamin Inc. The shoe designer’s company has not disclosed the price of the deal, although it confirmed the sale was completed for cash at closing...