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Steve Madden

New Balance Sues Steve Madden in Sneaker Spat

Click here to read the full article. New Balance sued Steve Madden for allegedly copying a sneaker style worn by Kendall Jenner and Katie Holmes. This content is for Limited, SJ Promo- 40% off, Annual, SJ Promo 50% off, $2/ Week, $3 / Week, SJ Promo- 25% off, $15 a Month and SJ Test 1 members only. You can read up to five free articles each month with a Limited Level Subscription. Please visit the site and log in, or subscribe to read. More from Sourcing JournalNike-Stealing Suspect Charged with Attempted MurderAmazon Gets a Leg Up in Louboutin LawsuitAt New Balance, Supply Chain Constraints Unlock New Sourcing HubsBest of Sourcing JournalAllbirds and Chinatown Market Upcycle Scraps Into Auctionable FashionSourcing Snapshot: Global Footwear Manufacturing and Trade
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Slutty Vegan Teams Up With Steve Madden for Collaboration

The on-the-move Atlanta-based restaurant Slutty Vegan has joined forces with Steve Madden for a limited-run collaboration. Launching Monday, there is a pair of vegan sneakers approved by People for the Ethical Treatment of Animals and a crossbody bag that play up the restaurant’s bold colors, style and attitude. The cobranded items are being sold online on both companies’ sites and through Steve Madden’s Atlanta location.
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New Balance Is Suing Steve Madden Over Alleged Copycat Shoes

Click here to read the full article. New Balance is coming after Steve Madden for allegedly copying one of its iconic designs. In a complaint filed in a Massachusetts District Court on Tuesday, New Balance claimed that Steve Madden deliberately copied its 327 sneaker model with the launch of the fashion brand’s “Chasen” shoe model. According to New Balance, Steve Madden’s infringing sneaker was designed “specifically to capitalize on and free-ride off of the success that New Balance had achieved with its 327 model.” The infringing shoe in question, New Balance alleges, “traded off of New Balance’s design, goodwill and reputation.” New Balance...
BEAUTY & FASHION
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New Balance is suing Steve Madden over its 327 sneaker imitation

New Balance is taking Steve Madden to court. A complaint filed Tuesday to the U.S. District Court of Massachusetts claims Madden’s Chasen model sneaker from 2020 is a “deliberate knock-off intended to free-ride off the popularity of New Balance’s 327.”. What’s the issue? — As reported by...
MASSACHUSETTS STATE

Amid a DTC Boom, Skechers, Puma and Steve Madden Pick Up Wholesale Wins

Click here to read the full article. Some footwear brands are seeing major sales gains in their wholesale channels — despite an industry-wide shift towards DTC. In the last week, Skechers, Steve Madden and Puma have all posted quarterly wholesale revenue growth. While their DTC channels also performed well, the results suggest that brand owned stores and websites are not the only channels necessary to drive business. Earlier this week, Steve Madden reported that wholesale revenues increased 54.1% year over year to $449 million, with wholesale footwear revenues up 59.9% to $346.7 million. Management attributed these numbers, in part, to wholesale customers electing...
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Steve Madden Beats Expectations Despite Supply Chain Disruptions

Click here to read the full article. Steve Madden beat earnings and revenue estimates in Q1, despite persisting supply chain headwinds. The fashion brand reported Q1 revenues of $559.7 million beating estimates of 466.56 million from analysts surveyed by Yahoo Finance. Net income was $74.5 million, or 94 cents a diluted share, which also beat analyst estimates of 51 cents. Steve Madden shares were up over 1.5% as of early afternoon on Wednesday. CEO Edward Rosenfeld said in call with investors on Wednesday that the company is still dealing with supply chain headwinds, including extended lead and transit times. Steve Madden is currently...
BUSINESS

Steve Madden Still Dealing With Crazy Long Lead Times

Click here to read the full article. The fashion footwear brand raised its full-year guidance after net sales soared 55.2 percent to $557.3 million on $74.6 million in profits. This content is for Limited, SJ Promo- 40% off, Annual, SJ Promo 50% off, $2/ Week, $3 / Week, SJ Promo- 25% off and $15 a Month members only. You can read up to five free articles each month with a Limited Level Subscription. Please visit the site and log in, or subscribe to read. More from Sourcing JournalSkechers Reports $1.8 Billion Quarter, Ramps Up Global DistributionLululemon Will Start Raising Prices in Q2Nike's Vietnam Factories Return to Normal as Transit Times WorsenBest of Sourcing JournalAllbirds and Chinatown Market Upcycle Scraps Into Auctionable FashionSourcing Snapshot: Global Footwear Manufacturing and Trade
BEAUTY & FASHION

Industry Moves: Zappos Hires Its First Chief Marketing Officer + More News

Click here to read the full article. Who’s in, who’s out, who’s been promoted and hired — FN covers all the industry changes in one place. Know of an executive on the move? Tell us at web@footwearnews.com. April 22, 2022: Zappos.com has named its first chief marketing officer in the company’s 23-year history. Ginny McCormick joined the e-commerce giant this week and brings extensive marketing experience in the toy industry. According to her LinkedIn profile, she most recently was marketing director of Worldwide Access Point at Amazon, but previously held leadership positions at Hasbro and Mattel. In her new role, Zappos...
BUSINESS