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Steve Madden Says Wholesale Cancelations Fueled $16.6M Q2 Loss

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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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