
Steve Madden managed to deliver results that were in line with forecasts in the fourth quarter and full year ended December 31, 2017, driven primarily by its flagship brand.
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Steve Madden managed to deliver results that were in line with forecasts in the fourth quarter and full year ended December 31, 2017, driven primarily by its flagship brand.
Steven Madden Ltd. preannounced on Monday strong sales results for the fourth-quarter and fiscal year, including a net sales climb of 10.5 percent, hitting $1.5 billion.
Wholesale net sales jumped 13.6% to $313.3 million, offsetting a slight decrease in retail sales to $53.1 million. Steve Madden reaffirmed its fiscal year outlook.
Steve Madden completed its acquisition of Schwartz & Benjamin in cash. Danny Schwartz, Barbara Schwartz and Steve Shapiro will remain with Schwartz & Benjamin following the acquisition.