Steve Madden, Ltd.

Steven Madden, Ltd.
Company typePublic
IndustryFootwear & accessories
Founded1990; 35 years ago (1990)
FounderSteve Madden
Headquarters
Number of locations
255 (2023)
Key people
  • Steve Madden (Creative & Design Chief)
  • Edward Rosenfeld (CEO)
ProductsShoes & accessories
RevenueDecrease US$1.98 billion (2023)
Decrease US$213.2 million (2023)
Decrease US$171.5 million (2023)
Total assetsIncrease US$1.35 billion (2023)
Number of employees
≈ 4,200 (2024)
Websitestevemadden.com
Footnotes / references
[1]

Steven Madden, Ltd. is a publicly traded company that designs and markets shoes and fashion accessories. Based in Long Island City, New York, the company's brands include Dolce Vita, Betsey Johnson, Blondo, Greats, BB Dakota and Mad Love. Steve Madden is also a licensee of various brands, including Anne Klein and Superga.[2]

History

A pair of dress-casual Maddens

Businessman Steve Madden started the company with $1,100 in 1990 by selling shoes out of the trunk of his car to small Manhattan stores, where their chunky platform look attracted clothing designers, such as Betsey Johnson, who used them in their fashion shows.[3][4] Steven Madden, Ltd. was incorporated in New York on July 9, 1990, and reincorporated under the same name in Delaware in November 1998.[2] The company went public in 1993, underwritten through Stratton Oakmont.[4] The company reported net sales of US$1.98 billion for 2023.[1]

Awards and honors

  • Footwear News Company of the Year Award (2001, 2006, 2009, 2011, 2017)[5]
  • Footwear News Reader's Choice: Best Performing Wholesaler Award (2011)[6]
  • NASDAQ Honors Steve Madden & 20 Year Anniversary (June 2010)[7]
  • Nordstrom "Partners in Excellence" Award (May 2010)[8]
  • AAFA American Image Awards: Brand of the Year (2010)[9]
  • Footwear News Milestone Issue (February 2010)[10]

References

  1. ^ a b "Form 10-K" (PDF). Steven Madden, Ltd. March 4, 2024. Retrieved 2024-06-19.
  2. ^ a b "Company Profile". Steven Madden Ltd. Archived from the original on 2021-04-21. Retrieved 2022-06-23.
  3. ^ "About Steve Madden". Steve Madden. Archived from the original on 2022-05-26. Retrieved 2022-06-23.
  4. ^ a b Grant, Tina (February 12, 2001). International Directory of Company Histories. Vol. 37. Detroit, Michigan: St. James Press. ISBN 978-1-55862-442-9. OL 8607072M – via Funding Universe.
  5. ^ Abel, Katie (2020-10-26). "The Ultimate Shoe Celebration: FNAA Winners From 1986 to 2019". Footwear News. Archived from the original on 2021-11-10. Retrieved 2022-06-27.
  6. ^ Bell, Jennie (2011-12-19). "Readers' Choice: Best & Worst of 2011". Footwear News. Archived from the original on 2016-05-02. Retrieved 2022-06-25.
  7. ^ Nasdaq, Inc. (June 14, 2010). "Steven Madden, Ltd. (SHOO) Chief Executive Officer to Ring the NASDAQ Stock Market Closing Bell". GlobeNewswire. Archived from the original on 2021-05-18. Retrieved 2022-06-25.
  8. ^ Martinez, Amy (2010-05-18). "Nordstrom rewards shareholders with higher dividend". The Seattle Times. Archived from the original on 2016-03-11. Retrieved 2022-06-25.
  9. ^ "The AAFA American Image Awards to Honor Li & Fung; Steve Madden; John Bartlett; Fern Mallis; GAP Inc.; Shopbop.com; Bob & Suzanne Wright". PRUnderground. April 12, 2010. Archived from the original on 2020-11-09. Retrieved 2022-06-25.
  10. ^ "EBay's Apparel Push: New Selling Formats, More Brands in Wings". WWD. 2010-02-22. Archived from the original on 2014-01-01. Retrieved 2022-06-23.
  • Business data for Steve Madden, Ltd.: