USA: Steven Madden Ltd Plans New Retail Store Openings
The San Antonio store will be located at the North Star, the leading fashion destination in southwest Texas. Anchored by five department stores, North Star is a highly trafficked center drawing close to 50% of sales from tourists visiting this major gateway city between the United States and Mexico. Built in the company's latest hybrid design, this 1,750 square foot retail location will feature the complete Steve Madden shoe line and a wide selection of licensed products. The store is scheduled to open by the end of August and the standard promotional activities are planned.
The sixty-fifth store will open in FlatIron Crossing, a new regional shopping destination only 15 miles north of Denver. With 170 specialty retailers and four department stores anchors, the center will offer attractive co-tenacy to this Steve Madden location. Modeled in the latest store design, the store will showcase the full shoe line and some accessories. The store's opening will coincide with shopping center's grand opening scheduled for August 11th.
"The North Star store marks the company's second store in Texas, a market which we have begun to penetrate. We anticipate excellent sales volume from this location, one of the premier shopping centers in the Southwest," stated Mark Jankowski, president of Steven Madden Retail Inc. "The FlatIron Crossing store marks our third retail location in greater Denver area. The two stores in operation have been well received by the Denver market."
"We are continuing to selectively open stores in high profile shopping destinations supported by strong demographics. We are filling in markets where we currently have a limited number of strong performing stores," stated Rhonda J. Brown, president and chief operating officer.
Steven Madden Ltd designs and markets fashion-forward footwear for women. The shoes are sold through Steve Madden Retail Stores, a David Aaron Retail Store, Department Stores, Apparel and Footwear Specialty Stores, and on-line @ http://www.stevemadden.com and @ http://www.stevies.com. The company has several licenses for the Steve Madden and Stevies brands including leather sportswear, outerwear, eyewear, hosiery, hair accessories, jewelry, handbags, belts, sunglasses, and cold weather items, and is the licensee for l.e.i. Footwear and Jordache Footwear.
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known unknown risks, uncertainties and other unknown factors that could cause the actual of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition statements which explicitly describe such risks and uncertainties readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends",
"anticipates" or "plans" to be uncertain and forward-looking. The forward looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registration statements filed with the Securities and Exchange Commission.
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