Steve Madden, a footwear retailer, had a 12 per cent growth in fourth-quarter revenue to US $ 582.3 million, with direct-to-consumer and wholesale divisions reporting increases of 8.4 and 13.6 percent to US $ 402.9 million and US $ 176 million, respectively.
According to the company’s 2025 projection, which includes the Kurt Geiger acquisition, revenue is expected to rise by 17 per cent to 19 per cent. Experts caution that the company’s intention to increase prices in the autumn to compensate for rising taxes on Chinese imports may have a detrimental effect on its projection.
Edward Rosenfeld, the company’s chairman and CEO, recognised the difficulties that lie ahead, especially the effect of increased tariffs on American-imported items. He cited the company’s agile business strategy as evidence of his confidence in its capacity to handle challenging market conditions in spite of these obstacles.
The strategic importance of the Kurt Geiger acquisition, which is anticipated to close in the second quarter of 2025, was also highlighted by him.
