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Steve Madden Says Wholesale Cancelations Fueled $16.6M Q2 Loss

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Hurt by store closures due to the coronavirus pandemic and cancelled orders in the wholesale channel, Steve Madden saw red in the second quarter. In a Nutshell: The impact from the coronavirus, or COVID-19, pandemic has hurt many brands and retailers as nonessential retails were forced to temporarily shut down due to shelter-in-place orders, and…

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