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Analysts Lower Guidance on Steve Madden Stock Due to Rumored Payless Bankruptcy

Analysts at Canaccord Genuity, an investment banking and financial services firm, have lowered their guidance for Steve Madden stock (SHOO) due to the possibility the brand will lose sales as a result of a rumored bankruptcy at Payless. Reports of another Payless bankruptcy began to appear last week, and it would be the second time the…

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