Steve Madden news and archive

Steve Madden's revenue surges, profitability dips amid tariff concerns

Steve Madden, Ltd. reported a substantial increase in revenue for the fourth quarter of 2025, driven by strong performance in its core footwear business and the recent acquisition of Kurt Geiger. However, net income saw a decline compared to the same period last year. Revenues rose by 29.4 percent to 753.7 million dollars from 582.3 million...

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Tariff headwinds impact Steve Madden profitability despite 6.9 percent revenue growth

Steven Madden, Ltd. reported that third-quarter revenue increased by 6.9 percent to 667.9 million dollars. However, the quarter was "challenging," as noted by chairman and CEO Edward Rosenfeld, due largely to the impact of new tariffs on imported goods, which severely compressed profitability. Adjusted net income fell to 30.4 million dollars or...

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Kurt Geiger reports double-digit growth in annual turnover and EBITDA

Kurt Geiger Limited reported an impressive year of financial performance for the period ended 1 February 2025, achieving double-digit growth in both turnover and EBITDA. Total net turnover increased by 10 percent to 372.8 million pounds. This growth was complemented by an even stronger rise in EBITDA , which increased by 16.1 percent to 43.2...

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Steve Madden Q2: Revenue up, profitability down due to tariffs

Steven Madden, Ltd., a designer and marketer of fashion-forward footwear, accessories, and apparel, today announced its financial results for the second quarter ended June 30, 2025. The company reported an increase in overall revenue but faced significant challenges to profitability, largely attributed to the impact of new tariffs on goods...

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Steve Madden merchandising chief resigns

The chief merchandising officer for footwear brand Steve Madden has resigned from the company. Karla Frieders officially stepped down from the position on June 30, a regulatory filing has revealed. According to a statement, Frieders exited the role “voluntarily”, citing “personal reasons”. The company noted that her departure was not the result...

Podcast

Podcast: Steve Madden speaks candidly about career highs and lows

In ‘The Cutting Room Floor’ podcast, American entrepreneur Steve Madden spoke openly about his career, including the highs and lows. He also shared his views on trade tariffs and the current state of fashion retail. Madden began his career in the fashion world as a footwear designer and quickly made a name for himself in the industry. In 1990,...

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Brand battle: Steve Madden sues Adidas over design

US shoe brand Steve Madden has sued the German sportswear giant Adidas. In the complaint, Steve Madden stated that they were “fed up” with Adidas continuing to object to designs that they believe do not infringe on Adidas’ brand image. Steve Madden’s complaint was filed on Wednesday in the federal court in Brooklyn, New York. Reuters was the...

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Steve Madden withdraws full-year guidance amid economic uncertainty and tariffs

Apparel and footwear retailer Steve Madden reported its financial results for the first quarter ended March 31, 2025, showing modest revenue growth but a decline in net income as macroeconomic uncertainty and new tariffs weigh on the business outlook. The company reported revenue of 553.5 million dollars, a slight increase from the same period...

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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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Business|Opinion

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...