Slight dip in sales at Steve Madden - footwearbiz: Leading site for gl

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Slight dip in sales at Steve Madden

02/11/2016
Footwear group Steve Madden reported a 1.2% drop in revenue during the third quarter of 2016. Sales for the period were $408.4 million, on which the company achieved net income of $43.8 million.

Wholesale sales dropped 2.9% year-on-year to $346.6 million, but retail sales jumped 9.6% to $61.8 million.

Ed Rosenfeld, chairman of Steve Madden, said he was pleased with the results, which exceeded the company’s expectations. He added that its women’s footwear business “achieved outstanding growth”. 

Keep an eye out for the next issue of World Footwear magazine, which includes a feature on the top ten footwear groups in the world.


Related stories:

Payless Shoesource closures hit Steve Madden results 08/11/2017
Steve Madden boosted by wholesale sales 26/04/2017
Women’s business props up Steve Madden 01/03/2017
Steve Madden snaps up family-owned footwear business 01/02/2017
Aquazzura suing Steve Madden for design infringement 29/06/2016
Top ten footwear groups, names and numbers 09/06/2016
Steve Madden and Famous Footwear win FDRA awards 25/05/2016
New brands boost Steve Madden 30/10/2015
Steve Madden acquires Dolce Vita brand 19/08/2014
Atwood and Madden join forces 26/03/2014
Steve Madden not keen on his portrayal in new film 15/01/2014
Steve Madden supports DSW’s rapid expansion 10/10/2013

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