×
73 907
Fashion Jobs
THE REALREAL
Loss Prevention Agent
Permanent · Secaucus
THE REALREAL
Loss Prevention Security Guard
Permanent · Secaucus
URBN
Urbn Information Security Engineer
Permanent · PHILADELPHIA
URBN
Terrain Visual Manager - Doylestown, PA - Opening Soon
Permanent · DOYLESTOWN
BATH & BODY WORKS
Senior Buyer, Ariba Technology Management
Permanent · COLUMBUS
GAP
General Manager- Main st- Freeport
Permanent · FREEPORT
OLD NAVY
Assistant General Manager, Customer Operations - Las Americas
Permanent · SAN DIEGO
PAUL SMITH
Visual Merchandising Manager
Permanent · NEW YORK
URBN
Nuuly Senior Associate, Growth Marketing - Paid Search
Permanent · PHILADELPHIA
SACK OFF 5TH
Asset Protection Investigator
Permanent · LAWRENCEVILLE
SACK OFF 5TH
Asset Protection Investigator
Permanent · SUNRISE
COLUMBIA
Associate Product Line Manager - Men's Sportswear
Permanent · PORTLAND
COLUMBIA SPORTSWEAR COMPANY
Information Security Risk And Compliance Analyst
Permanent · SALEM
CLARKS
Global Compliance Manager
Permanent · NEEDHAM
CLARKS
Visual Merchandising Manager
Permanent · NEEDHAM
GAP
General Manager - Upper Darby Gap Outlet
Permanent · UPPER DARBY
NORDSTROM
Retail Stock & Fulfillment - Thousand Oaks
Permanent · Thousand Oaks
NORDSTROM
Asset Protection - Agent - Valley Fair
Permanent · San Jose
NORDSTROM
Asset Protection - Security Ambassador l Street Rack
Permanent · Washington
NORDSTROM
Retail Sales - Kids' Apparel & Shoes - International Plaza
Permanent · Tampa
NORDSTROM
Retail Stock - Alamo Quarry Rack
Permanent · San Antonio
NORDSTROM
Asset Protection - Security Ambassador - l Street Rack
Permanent · Washington
Published
Mar 19, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Steve Madden withdraws fiscal 2020 revenue, earnings guidance on coronavirus

Published
Mar 19, 2020

Steve Madden, the New York-based owner of brands including Steve Madden, Betsey Johnson, Brian Atwood and BB Dakota, has announced the withdrawal of its fiscal year 2020 revenue and earnings guidance, as the COVID-19 outbreak continues to cause uncertainty. 


Instagram @stevemadden


In a statement, the apparel, accessories and footwear company said the decision comes "as a result of the increasing uncertainty related to the potential impact of COVID-19 on the company’s global business operations."

The statement continued: "Steve Madden is not providing updated guidance at this time." 

In late February, the company reported increases in fourth-quarter and full-year sales and earnings, as retail revenues continued to rise despite then-growing coronavirus headwinds.

“Looking ahead, while we are cautious on the near-term outlook due to additional headwinds from the coronavirus outbreak, China tariffs and the termination of the Kate Spade footwear license, we are confident that the strength of our brands and our business model will enable us to drive earnings growth and shareholder value creation over the long term,” Steve Madden Ltd. chairman and CEO, Edward Rosenfeld, said at the time of the report. 

For the fourth quarter ended December 31, 2019, the footwear, accessories and apparel company reported revenue of $419.6 million, reflecting a slight increase of 0.7% from the sales of $416.8 million reported by the group in the same period in the previous year.
 
Wholesale revenues fell 1.1% to $313.8 million in the quarter, a slip pushed by a 3.6% dip in wholesale accessories and apparel revenue related primarily to declines in sales of private label handbags and cold weather accessories.

Copyright © 2023 FashionNetwork.com All rights reserved.