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Steve Madden confident of growth

02/03/2020
Footwear brand Steve Madden has announced full-year revenues for 2019 of $1.8 billion, an increase of 6.5% year on year. The company’s net income from this was $141.3 million, down by 10.3% compared to the previous year.

Commenting on the results, chief executive, Edward Rosenfeld, said 2019 was a strong year for the company. He added that, although “additional headwinds” from the coronavirus outbreak and other factors made the company cautious in the short-term, it was confident of growth in 2020.

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