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Steve Madden CEO: Port Delays Cost Less Than Expected

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Steve Madden Ltd.’s first quarter represented a tale of two channels: an expanding retail operation and a stagnating wholesale business. While total revenue for the fashion footwear company increased a slight 0.5 percent to $361 million in the first quarter on net income of $21.1 million, its retail segment saw 27.5 percent revenue growth, while…

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