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Steve Madden news and archive

Business

Steve Madden to begin selling perfume again

Footwear, clothing and accessories brand Steve Madden is preparing to step back into the perfume industry as it plans to once again launch fragrances, this time in collaboration with perfume company Parlux. The news was revealed to WWD, which was told by the eponymous designer that "with the explosive growth of the [Steve Madden] brand and the...

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Business

Q3 revenues decline at Steve Madden

​​Revenues at Steve Madden decreased 0.7 percent to 552.7 million dollars in the third quarter. The company’s gross profit was 42.1 percent and net income attributable to Steven Madden, Ltd. rose to 64.4 million dollars or 87 cents per diluted share. Adjusted net income increased to 65.1 million dollars or 88 cents per diluted share. Commenting...

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Business

Steve Madden acquires Almost Famous for 52 million dollars

Steven Madden, Ltd. has completed the acquisition of privately held Almost Famous, a designer and marketer of women’s apparel. The company said in a statement that the acquisition was completed for 52 million dollars in cash, plus an earn-out provision based on future financial performance. Commenting on the acquisition, Edward Rosenfeld,...

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BusinessFeatured

Steve Madden sees revenue drop 17 percent for Q2

Footwear and accessories retailer Steve Madden has reported a drop in revenue for the second quarter of the year, with sales falling 16.8 percent to 445.3 million dollars. According to the company’s chairman and CEO, Edward Rosenfield, the earnings fell in line with expectations for the period “despite the challenging operating environment”. In...

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Retail

Steve Madden to open second flagship store in London

American footwear brand Steve Madden will open a new brick-and-mortar location on Oxford Street in London. Located at 270 Oxford Street, the 1,200-square-foot store is set to open in late August, ahead of a grand opening event on September 7 for the public. The store will be designed to capture “the rebellious and authentic essence of London’s...

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Business

Skechers sues Steve Madden over alleged design infringement

Footwear company Skechers has filed a lawsuit against Steve Madden, claiming that Madden's "Kennie" sneaker incorporates a design mark resembling Skechers' own mark in a "confusingly similar" manner. The lawsuit, filed in a California District court, alleges that Madden's mark shares similar proportions, thickness, and placement with Skechers'...

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Business

Steve Madden posts 13.7 percent rise in full year revenue

Steve Madden’s full year revenue increased 13.7 percent to 2,122 million dollars. Gross profit as a percentage of revenue increased to 41.2 percent, while net income attributable to Steven Madden, Ltd. increased to 216.1 million dollars or 2.77 dollars per diluted share and adjusted net income rose to 218.3 million dollars or 2.80 dollars per...

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Business

Steve Madden's Q3 revenues increase, updates outlook

Steven Madden, Ltd. recorded revenue increase of 5.3 percent to 556.6 million dollars for the third quarter of fiscal 2022. Gross profit for the quarter was 41.2 percent compared to 41.6 percent in the same period of 2021. Net income attributable to the group was 61.3 million dollars or 79 cents per diluted share compared to 66.6 million dollars...

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Business

Steve Madden ​posts revenue and profit growth

Revenue at Steve Madden increased 34.5 percent to 535 million dollars compared to the same period of 2021. Net income attributable to Steven Madden, Ltd. was 48.5 million dollars or 62 cents per diluted share, compared to 36.9 million dollars or 45 cents per diluted share, in the same period of 2021. Adjusted net income was 49.8 million dollars...

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BusinessFeatured

Steve Madden reports 55 percent revenue growth, raises outlook

Steven Madden, Ltd. reported a first quarter revenue increase of 55 percent to 559.7 million dollars. The company’s net income attributable to Steven Madden, Ltd. was 74.5 million dollars or 94 cents per diluted share compared to 21.2 million dollars or 26 cents per diluted share, in the same period of 2021. Adjusted net income was 73.4 million...

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BusinessFeatured

Steve Madden's Q4 revenues grow by 63.9 percent

Revenue at Steve Madden increased 63.9 percent to 578.5 million dollars compared to the same period of 2020. For fiscal 2022, the company expects revenue will increase 10 percent to 13 percent over fiscal 2021. The company expects diluted EPS will be in the range of 2.66 dollars to 2.76 dollars and adjusted diluted EPS tol be in the range of...

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Business

Centric Brands inks accessories licensing deal with Steve Madden

Multibrand collective Centric Brands has announced an exclusive licensing agreement with Steve Madden, enabling the company to produce jewellery and hair accessories for the fashion brand. The firm, which operates the likes of Tommy Hilfiger, Calvin Klein and Under Armour, has seen a growth in brand partnerships within the accessory category...

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