As the world shifts from over a year of lockdown, retailers are looking for ways to ensure that their stores can continue to honour the new normal with a switch to omnichannel platforms. Trend-led shoe brand Steve Madden is the latest to join the long line of retailers harnessing the digital in-store commerce experience. Teaming up with...
Aug. 16, 2021
Steven Madden, Ltd. reported revenue increase of 178.6 percent to 397.9 million dollars compared to the same period of 2020. The company’s gross margin increased to 42.7 percent compared to 39.1 percent in the same period of 2020. Net income attributable to Steven Madden, Ltd. was 36.9 million dollars or 45 cents per diluted share, compared to...
Jul. 29, 2021
Steven Madden, Ltd. reported revenue increase of 0.5 percent to 361 million dollars for the first quarter compared to the same period of 2020. The company said, gross margin increased 130 basis points to 38.5 percent. Net income was 21.2 million dollars or 26 cents per diluted share compared to net loss of 17.5 million dollars or 22 cents per...
Apr. 29, 2021
Steven Madden, Ltd. has announced that it has completed the acquisition of the 49.9 percent share that it did not already own of its European joint venture. Commenting on the development, Edward Rosenfeld, the company’s chairman and chief executive officer, said: “Since its formation nearly five years ago, our European joint venture has...
Apr. 15, 2021
For the fourth quarter revenue at Steve Madden decreased 15.9 percent to 353 million dollars. Gross margin for the quarter was 38.3 percent compared to 37.7 percent in the same period of 2019, while adjusted gross margin increased 40 basis points to 38.2 percent compared to 37.8 percent in the same period of 2019. Net income attributable to...
Feb. 25, 2021
Steve Madden has announced that María Teresa Kumar has joined the board of directors. Kumar’s appointment expands the board to ten directors, eight of whom are independent directors. Kumar, the company said, will be a member of the company’s corporate social responsibility committee. Commenting on Kumar’s appointment, Edward Rosenfeld, Chairman...
Jan. 7, 2021
Steve Madden has announced the appointment of Zine Mazouzi, currently chief accounting officer and senior vice president of finance and operations, to succeed Arvind Dharia as Chief Financial Officer, effective January 1, 2021. To ensure a smooth transition, the company said, Dharia will serve in an advisory capacity through 2021. Commenting on...
Dec. 10, 2020
Steve Madden revenue decreased 30.9 percent to 346.9 million dollars compared to 502.1 million dollars in the same period of 2019. The company’s gross margin increased 130 basis points to 40.3 percent, while net loss attributable to Steven Madden, Ltd. was 6.9 million dollars or 9 cents per diluted share, compared to net income of 52.5 million...
Oct. 27, 2020
CEO and founder of Greats, Ryan Babenzien, has announced he is leaving the footwear brand. Babenzien took to Instagram and wrote: “After almost seven rewarding years, I’ve decided to step down as the CEO of Greats. I never thought about what it would be like to write those words until recently, but after thinking about what’s important to me,...
Sep. 3, 2020
Revenue at Steve Madden decreased 68.2 percent to 142.8 million dollars compared to 449.6 million dollars in the same period of 2019. The company said in a statement that gross margin was 39.1 percent compared to 37.8 percent in the same period last year, while loss from operations totalled 23.7 million dollars or 16.6 percent of revenue...
Jul. 29, 2020
Steve Madden has introduced Steven New York - a new sister brand to the contemporary footwear label. Steven New York will be marketed towards women in the 30-to-55 age bracket. The brand will offer fashionable, high-quality footwear styles. Price points will fall between 49.95 and 257.99 dollars per pair. The Steve Madden label will focus on...
Jul. 13, 2020
Revenue at Steve Madden decreased 13.6 percent to 359.2 million dollars compared to the same period of 2019. The company said in a statement that gross margin for the quarter was 37.2 percent compared to 38.9 percent in the same period last year. The company added that net loss attributable to Steven Madden, Ltd. was 17.5 million dollars or 22...
May 28, 2020
This site uses cookies to deliver its services, to personalise ads and to analyse traffic. If you continue browsing the site, you agree to our use of cookies.