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Steve Madden Says Business ‘Weakened Materially’ as Revenue Slips Double Digits

Today's fast-moving fashion industry demands an agile, consumer-led retail model, but how do you get there? Join our webinar "Consumer-Led Retail: Optimizing Assortments at Speed" Sept 28th, featuring experts from MakerSights and DTC brand Taylor Stitch.

Revenue was down and expenses were up in the first quarter as Steve Madden dealt with a wave of cancellations caused by the coronavirus pandemic. In a Nutshell: Operating expenses as a percentage of revenue for the footwear, apparel and accessories company rose to 41.8 percent, compared to 28.2 percent in the comparable period last…

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