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Steve Madden Says Wholesale Cancelations Fueled $16.6M Q2 Loss

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

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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