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Steve Madden Says Wholesale Cancelations Fueled $16.6M Q2 Loss

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.

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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