Steve Madden news and archive

Increased tariffs pose challenge to Steven Madden's growth forecast

Footwear retailer Steven Madden’s fourth quarter revenue increased 12 percent to 582.3 million dollars with wholesale and direct to consumer businesses registering a 13.6 percent and 8.4 percent increase to 402.9 million dollars and 176 million dollars, respectively. Looking ahead, the company’s 2025 outlook including the Kurt Geiger acquisition...

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NRF warns of consumer impact of reciprocal US tariffs

President Donald Trump has signed an executive order implementing a reciprocal tariff policy, meaning that any tariffs imposed on US goods by other countries will be matched equally, leading to a wave of fresh concerns being raised, including some by the National Retail Federation (NRF). Signed last Thursday, the policy applies to tariffs and...

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Why has Kurt Geiger changed hands so often?

Beloved in the UK, the last 15 years has seen footwear giant Kurt Geiger on a wild ride of ownership changes, reflecting the turbulent nature of the fashion industry and the challenges of growing a mid-luxury brand in a rapidly evolving retail landscape. The acquisition by Steve Madden in February 2025 marks yet another chapter for the UK-based...

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Steve Madden Acquires Kurt Geiger for 289 million pounds

Steve Madden is acquiring British footwear and accessories retailer Kurt Geiger. The US fashion company has entered into a definitive agreement to acquire Kurt Geiger for approximately 289 million pounds (approximately 360 million dollars), Steve Madden announced Thursday. The group is acquiring the footwear retailer from a group led by the...

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Steve Madden to cut Chinese imports by almost half in wake of Trump re-election

The chief executive officer of Steve Madden, Edward Rosenfeld, has told investors that the company could reduce the amount of goods it imports from China by as much as 45 percent in the wake of Donald Trump’s re-election. His comments, which came during a Q3 earnings call, are in regards to Trump’s plan to raise tariffs on Chinese imports by up...

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Steve Madden ups revenue and earnings forecast

Steve Madden’s revenue for the third quarter increased 13 percent to 624.7 million dollars, while net income contracted to 55.3 million dollars or 77 cents per diluted share, while adjusted net income dropped to 64.8 million dollars or 91 cents per diluted share. For fiscal 2024, the company now expects revenue will increase 13 percent to 14...

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Trashie partners with Steve Madden for recycling intiaitive

Footwear, clothing, and accessories brand Steve Madden has partnered with Trashie to launch a new recycling initiative for its customers. The new partnership sees Steve Madden leveraging the US-based company’s recycle and rewards platform to encourage customers to recycle their old and used apparel and footwear. Through the new recycling...

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Unified Commerce acquires Greats and invests in Böhme

Unified Commerce Group (UCG) has acquired sneaker brand Greats from Steve Madden, which it bought in 2019, and announced a strategic investment in Utah-based womenswear retailer Böhme. The direct-to-consumer operator didn’t disclose the sale price for Greats, just that the Brooklyn-born sneaker brand would become the third brand in its portfolio...

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Steve Madden increases quarterly sales by almost 18 percent

US fashion retailer Steve Madden has also closed the second quarter of the 2024 fiscal year with a significant increase in sales. The company was also able to improve its earnings. This is according to an interim report published by the parent company Steven Madden Ltd. on Wednesday. In the period from April to June, group sales amounted to...

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Alo Yoga and Steve Madden partner with Reshop on faster refund service

Newly launched refunding platform Reshop has announced lifestyle brand Alo Yoga and footwear label Steve Madden among its first partners, each one set to implement the company’s returns process to enhance customer experience. Reshop’s concept revolves around speedier refunding, removing the wait time for shoppers to get their money back by...

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Steve Madden Q1 revenues up 19 percent

Steve Madden’s first quarter revenue increased 19.1 percent to 552.4 million dollars compared to the same period of 2023. Gross profit as a percentage of revenue was 40.7 percent, while adjusted gross profit as a percentage of revenue was 40.7 percent in 2024. Net income attributable to Steven Madden, Ltd. was 43.9 million dollars or 60 cents...

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Steve Madden to begin selling perfume again

Footwear, clothing and accessories brand Steve Madden is preparing to step back into the perfume industry as it plans to once again launch fragrances, this time in collaboration with perfume company Parlux. The news was revealed to WWD, which was told by the eponymous designer that "with the explosive growth of the [Steve Madden] brand and the...