Footwear and accessories company Steven Madden registered rises in sales and margins during the second quarter of fiscal 2006, the company said.

Net sales were up 28.3% on 2005 at US$129.5m, including a $17.3m contribution from the newly acquired Daniel M Friedman & Associates. Gross margin was up from 37.3% to 42.1% this year.

Second-quarter operating income was up $21.3m, compared to $8.7m last year. Net income rose 140% to $12.7m.

The company also saw increases in wholesale and retail revenue, with retail showing a 3% same-store sales increase.

The quarterly performance brought Madden's first-half sales up 29% to $237.8m, with net income up from $6.2m to $23.6m.

"We are particularly pleased to have achieved both sales and margin improvements in both the wholesale and retail divisions, highlighting the broad-based strength of our business," said Jamieson Karson, chairman and CEO.

The company has increased its outlook for the year and now anticipates fiscal 2006 net sales moving up by 21-24% over 2005.