CONNECT WITH US
eCommerce

eCommerce

A Closer Look at the Fall Footwear That Drove Steve Madden’s Wholesale Business in Q3

WWD logo

Published on

Add as a preferred source on Google
A Closer Look at the Fall Footwear That Drove Steve Madden’s Wholesale Business in Q3

Steven Madden CEO Edward Rosenfeld said casual footwear, heels, booties and loafers did well across brands, while sales of tall shaft boots were down.

Steve Madden saw growth in footwear across its brand portfolio in the third quarter, according to chief executive officer Edward R. Rosenfeld.

Rosenfeld told investors in an earnings conference call Thursday that its “flagship brand Steve Madden led the way with strong growth across footwear, accessories and apparel, as well as in both wholesale and DTC (direct-to-consumer) channels.”

He said that in footwear, the brand had “exceptional growth in casuals, along with strong performance in booties and heels [that] more than offset a decline in tall shaft boots.” The brand also saw success across a wide range of shapes in its handbag category. And in apparel, he said the brand had a “successful launch of denim and drove strong sell-though across categories including dresses, tops, bottoms and jackets.”

” He noted men’s is benefiting from the fashion shift as more men are “deciding that they’re going to get out of their sneakers and wear maybe loafers. And so, we’re doing phenomenal with loafers.



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.