Steve Madden in Q2 net profit surge

Fashion footwear and accessories company Steve Madden’s second quarter profit surged up 63%, boosted by a 36.2% hike in revenues for the US company.

“Our performance reflects broad-based strength in our business, with sales and profitability gains in the wholesale footwear, wholesale accessories and retail segments,” said Edward Rosenfeld, company chairman and CEO.

“We believe that our ability to deliver outstanding top and bottom line growth in a difficult retail environment demonstrates the strength of our business model and the creativity of Steve and our design team, as they consistently deliver on-trend product that drives consumer demand.”