Steve Madden sales rise 5% in Q1

09/05/2013
The CEO of US-based footwear retailer Steve Madden has said the increase of first-quarter sales can be attributed to the design team’s “on-trend assortment”.

Edward Rosenfeld added that store openings and the growth of the accessories business contributed to the growth.

Sales increased 4.9% to $278.9 million and income rose 7% to $23.4 million for the first quarter.

He added: “Steve and his design team continue to deliver outstanding, on-trend product assortments that are enabling us to outperform the competition, and so despite the challenging environment, we are confident we can continue to advance on our growth objectives.”