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Steven Madden Set to Take Big Virus Hit From Factory Delays, Air Freighting Product

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Steve Madden's guidance for FY20 was lower than the year before as a result of headwinds related to coronavirus supply problems and the termination of Kate Spade's footwear license
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Steve Madden, Ltd. is the latest fashion company bracing for a coronavirus impact. In a Nutshell: Steve Madden’s fourth-quarter report revealed both weak growth and a weak trajectory for the next year as the company grapples with supply chain issues caused by the coronavirus outbreak, officially known as COVID-19. Steve Madden expects EPS headwinds of 20…

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