The footwear group announced a net loss of $17.5 million, or $0.22 per diluted share, for the first quarter on Thursday, as the company’s sales suffered from the negative effects of Covid-19-related store closures.
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 owner of brands including Steve Madden, Dolce Vita, Blondo and Brian Atwood reported increases in Q4 and full-year sales and earnings on Thursday, as retail revenues continued to rise despite growing headwinds.
Though the Women's March has come and gone, fashion is not losing its support of Planned Parenthood. A collective of shoe designers, headed by Chloe Gosselin, has banded together to support the initiative.