Skip to Main Content

About Steven Madden, Ltd.

Steven Madden elevates chunky heels to new heights. It operates through five business segments: wholesale footwear, wholesale accessories, retail, first cost, and licensing. Its wholesale business boasts some 20-or-so brands such as Madden Girl, Steven, Steve Madden Men's, Betsey Johnson, and Stevies as well as Superga, Kate Spade, and Anne Klein under license. Its retail operation mainly consists of about 220 Steve Madden stores as well as two Steven and one Superga store, along with several websites. Department stores such as Nordstrom and Dillard's also stock its shoes. Its First Cost segment designs and sources private-label footwear, such as Candie's, for mass merchants. Steven Madden shoes are sold in the US, Canada, and certain countries in Europe.

Financial Performance

Steven Madden's sales have been trending upward over the last five years. In 2018 the company's sales grew 7% to $1.7 billion, buoyed by a strong performance from the Wholesale Accessories, Wholesale Footwear, and Retail segments. Growth in the Wholesale Footwear segment was driven by the Steve Madden and Blondo brands in the US and abroad, while Wholesale Accessories grew on the back of rises in the private label business, the Steve Madden brand, and the addition of the Anne Klein handbags business. Growth in the Retail segment arose from 23 net store openings and a 3% increase in comparable sales. 

Steven Madden's net income has grown little over the last five years. In 2018 its net income growth accelerated to 10%, by far its fastest rate of growth of late. Net income of $130.5 million related to higher sales and lower income taxes, partially offset by a small decrease in gross margins. 

The company's cash on hand grew $18.8 million during 2018, ending the year at $200.0 million. Its operations generated $154.4 million and its investing activities yielded $11.1 million, while financing used $145.8 million. Steven Madden returned a ton of cash to shareholders in 2018 in the shape of dividends ($47.4 million) and share repurchases ($105.9 million). Capex was just $12.5 million in comparison.

Strategy

Steven Madden leverages its brand power by granting licenses to third-parties. It licenses the Steve Madden, Steven by Steve Madden, and Madden Girl brands for use in outerwear, hosiery, jewelry, watches, eyeglasses and sunglasses, hair accessories, umbrellas, bedding, luggage, fragrance and men's leather accessories. It also licenses the Betsey Johnson, Dolce Vita, and FREEBIRD by Steven trademarks for various purposes. Steven Madden fleshes out its portfolio by licensing brands owned by other companies, such as most recently the Anne Klein license from Nine West Development LLC to make shoes and bags under the Anne Klein, AK Sport, AK Anne Klein Sport, and Lion Head Design brands. 

Steven Madden, Ltd.

52-16 BARNETT AVE
Long Island City, NY 11104-1018
Phone: 1 (718) 446-1800

Stats

Employer Type: Publicly Owned
Stock Symbol: SHOO
Stock Exchange: , NASDAQ
President: Amelia Newton Varela
Chairman and CEO: Edward R. Rosenfeld
COO: Awadhesh K. Sinha
Employees (This Location): 265
Employees (All Locations): 3,900

Major Office Locations

Long Island City, NY

Other Locations

Glendale, AZ
Scottsdale, AZ
Arcadia, CA
Brea, CA
Cabazon, CA
Camarillo, CA
Canoga Park, CA
Chino, CA
Commerce, CA
Costa Mesa, CA
Glendale, CA
Livermore, CA
Los Angeles, CA
Mission Viejo, CA
Montebello, CA
Northridge, CA
Ontario, CA
Roseville, CA
San Diego, CA
San Francisco, CA
Santa Clara, CA
Santa Clarita, CA
Santa Monica, CA
Sherman Oaks, CA
West Hollywood, CA
Boulder, CO
Littleton, CO
Farmington, CT
Washington, DC
Boca Raton, FL
Destin, FL
Jacksonville, FL
Miami, FL
Miami Beach, FL
Pembroke Pines, FL
Sunrise, FL
West Palm Beach, FL
Atlanta, GA
Aurora, IL
Chicago, IL
Metairie, LA
New Orleans, LA
Boston, MA
Somerville, MA
Bethesda, MD
Hanover, MD
Troy, MI
Eagan, MN
Minneapolis, MN
Concord, NC
Gretna, NE
Bayonne, NJ
Livingston, NJ
Woodbridge, NJ
Las Vegas, NV
Elizabeth, NY
Garden City, NY
Lake Grove, NY
New York, NY
Riverhead, NY
West Nyack, NY
White Plains, NY
Yonkers, NY
King Of Prussia, PA
Philadelphia, PA
Pottstown, PA
Charleston, SC
Nashville, TN
Allen, TX
Austin, TX
Cypress, TX
Dallas, TX
Frisco, TX
Houston, TX
Mcallen, TX
Plano, TX
San Antonio, TX
Salt Lake City, UT
Arlington, VA
Charlottesville, VA
Woodbridge, VA
Vancouver, Canada