Steve Madden news and archive

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...

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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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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...