US-based designer and marketer of fashion footwear and accessories Steven Madden, Ltd. has posted its financial results for the second quarter and six months ended June 30.

Net sales for the second quarter increased 28.3% to $129.5 million from $101 million last year. Net sales included a $17.3 million contribution from Daniel M. Friedman & Associates, which was acquired on February 7.

Retail revenues rose to $33.3 million compared with $32.6 million in 2005.

For the first six months, net sales increased 29% to $237.8 million from $184.3 million last year. Net income grew to $23.6 million from $6.2 million in the first half of fiscal 2005.

Based on results to-date, the company is increasing its outlook for the year and now anticipates fiscal 2006 net sales will increase approximately 21% to 24% above fiscal 2005.