albert Chan
Most Recent Quarter (1Q19)
Annual Financial Results
[caption id="attachment_92461" align="aligncenter" width="720"]
LTM Period ended on March 31st 2019.[/caption]
Company Profile
Steven Madden, Ltd. is a New York-based footwear, accessories and handbags company. Its brands include Steve Madden, Betsey Johnson, Brian Atwood, Big Buddha, Dolce Vita, and others. The company operates across five key segments: wholesale footwear, wholesale accessories, retail, first cost and licensing. The company sells through retail stores and its website, as well as wholesale through department stores, online, value-priced and specialty retailers.
Strategy
International expansion continues to be the top priority for the company’s growth, as the company turned from the distributor model to ownership model in Israel. Steve Madden owns 51% of the JV while, former distributor Inner Jeans owns 49% stake. In Israel, the company aims at increasing the productivity of the existing 14 Steve Madden stores and aims to add ten stores over next 3 years. Another meaningful growth opportunity is to expand the Blondo’s product range that posted a strong performance in 2018 with net sales growing at 50%. The company also plans to roll out Blondo’s waterproof shoes, that were a success to additional doors. With continued focus on private label, Steve Madden expects strong bottom line growth in wholesale accessories in 2019.
Store Fleet and Employees
As of December 31, 2018, Steven Madden had 229 stores in operation. 157 full-price stores, 62 outlet stores, two Steven stores, one Superga store and seven e-commerce websites (the company has referred these as its stores) offering a range of company’s brands. The stores are in the US, Canada, Mexico and South Africa. As of February 1, 2019, the company employed, 3,900 employees of whom 2,600 were full-time.
Revenue Breakdown (2018)
Recent Developments
Management Team
Annual Financial Results
[caption id="attachment_92461" align="aligncenter" width="720"] LTM Period ended on March 31st 2019.[/caption]
Company Profile
Steven Madden, Ltd. is a New York-based footwear, accessories and handbags company. Its brands include Steve Madden, Betsey Johnson, Brian Atwood, Big Buddha, Dolce Vita, and others. The company operates across five key segments: wholesale footwear, wholesale accessories, retail, first cost and licensing. The company sells through retail stores and its website, as well as wholesale through department stores, online, value-priced and specialty retailers.
Strategy
International expansion continues to be the top priority for the company’s growth, as the company turned from the distributor model to ownership model in Israel. Steve Madden owns 51% of the JV while, former distributor Inner Jeans owns 49% stake. In Israel, the company aims at increasing the productivity of the existing 14 Steve Madden stores and aims to add ten stores over next 3 years. Another meaningful growth opportunity is to expand the Blondo’s product range that posted a strong performance in 2018 with net sales growing at 50%. The company also plans to roll out Blondo’s waterproof shoes, that were a success to additional doors. With continued focus on private label, Steve Madden expects strong bottom line growth in wholesale accessories in 2019.
Store Fleet and Employees
As of December 31, 2018, Steven Madden had 229 stores in operation. 157 full-price stores, 62 outlet stores, two Steven stores, one Superga store and seven e-commerce websites (the company has referred these as its stores) offering a range of company’s brands. The stores are in the US, Canada, Mexico and South Africa. As of February 1, 2019, the company employed, 3,900 employees of whom 2,600 were full-time.
Revenue Breakdown (2018)
Recent Developments
| Date | Development |
| May 25, 2019 | Steven Madden approves an amendment to the company’s Certificate of Incorporation to increase the total number of authorized shares of the company’s common stock. |
| Apr 30, 2019 | Steve Madden (NASDAQ: SHOO) 1Q19 Results: Steve Madden Women’s Wholesale and Accessories Drive Strong Momentum |
- Edward Rosenfeld, CEO and Chairman of the Board
- Arvind Dharia, CFO
- Karla Frieders, CMO
- Danielle McCoy, Head of Investor Relations