Steve Madden anticipates challenging times ahead because of tariffs.

During Steve Madden's recent earnings call, executives addressed challenges from tariffs, including canceled orders and shipment delays. The company is diversifying its sourcing, planning to source about 30% from China for fall 2025, down from 71% a year ago, due to fluctuating tariffs. Chairman Edward Rosenfeld noted some production has returned to China to ensure quality and delivery. Despite a revenue increase to $559 million, operational losses were reported. Tariffs significantly impacted wholesale revenue, particularly in mass and off-price channels, with expectations for ongoing challenges.