×
72 626
Fashion Jobs
NIKE
Consumer Planner, Global Sports Apparel
Permanent · Beaverton
BLOOMINGDALE'S
Manager, Sales - Luxury Textiles And Corporate Services
Permanent · New York
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time - Dolphin Mall
Permanent · Miami
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Soho
Permanent · New York
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Palm Beach Garden
Permanent · Palm Beach Gardens
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Norwalk
Permanent · Norwalk
BLOOMINGDALE'S
Asset Protection Detective, Part Time - ny 59th st
Permanent · New York
MACY'S
Asset Protection Captain, Santa Maria Town Center - Full Time
Permanent · Santa Maria
MACY'S
Asset Protection Detective, Arden Fair - Full Time
Permanent · Sacramento
MACY'S
Asset Protection Detective, Boston - Full Time
Permanent · Suffolk
MACY'S
Asset Protection Detective, West Dade Miami Int'l - Full Time
Permanent · Miami
MACY'S
Asset Protection Detective, State Street - Full Time
Permanent · Chicago
MACY'S
Asset Protection Detective, st Louis Galleria - Full Time
Permanent · Old Saint Louis
MACY'S
Asset Protection Detective, Dayton Mall - Full Time
Permanent · Dayton
DESIGNER BRANDS
Merchandise Planner Wholesale, Vmi (Phoenix, az)
Permanent · Columbus
UNDER ARMOUR
Stock Teammate, Part-Time 6am Shift, $15 Per Hour
Permanent · JACKSON
PHV
Configuration Warehouse Supervisor ii
Permanent · Palmetto
RAG & BONE
Sales Supervisor (Full-Time) - Melrose
Permanent · Oakland
RAG & BONE
Sales Supervisor (Full-Time) - Georgetown Men's
Permanent · Washington
JOCKEY
Associate Manager at Jockey -Full Time $17/HR
Permanent · Edinburgh
SIERRA
30046-D/C Loss Prevention Specialist
Permanent · Cheyenne
TJ MAXX
Loss Prevention Customer Service Associate
Permanent · Greenvale
Published
Jan 9, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Steve Madden meets earnings guidance in fiscal 2017, sales up 10.5%

Published
Jan 9, 2018

Steven Madden Ltd. preannounced on Monday strong sales results for the fourth-quarter and fiscal yea, ended December 31, 2017.
 

Steve Madden meets earnings guidance in fiscal 2017, sales up 10.5% - Facebook: Steve Madden


The designer and marketer of fashion footwear and accessories saw net sales climb 10.5 percent during the full fiscal year, hitting $1.5 billion.
 
Wholesale net sales increased 12.1 percent to $1.3 billion, or 5 percent to $1.2 billion excluding results from Schwartz & Benjamin, which the company acquired in January of last year.

Retail net sales increased 3.6 percent to $272.2 million, while retail comparable store sales fell 3.2 percent. Chairman and CEO Edward Rosenfeld noted that strength in the firm’s wholesale business was offset by expected softness in the retail segment, driven by weakness in the boot category, resulting in a retail comparable store sales fall. 
 
For the fourth quarter, net sales were $364.4 million, up 8.3 percent compared to the same period of 2016. Net sales for the wholesale division and retail were equally up, while retail comparable store sales for the fourth quarter were again down by 5.1 percent.
 
“Overall, 2017 was a strong year for Steve Madden. We delivered robust sales and earnings growth driven by the outstanding performance of our flagship Steve Madden brand in the wholesale channel,” said Rosenfeld.
 
“We also took a number of steps to position the Company for future growth, including the acquisition of Schwartz & Benjamin and the formation of new joint ventures in China and Taiwan. As we look ahead, we are confident that our strong brands and increasingly diversified business model position us to continue to drive top- and bottom-line gains for years to come.”

Copyright © 2023 FashionNetwork.com All rights reserved.