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.

Source: https://www.supplychaindive.com/news/steve-madden-tariff-challenges/756580/