USA: Steve Madden Celebrates 12 Per Cent Profit Jump
Leading shoe retailer Steven Madden Ltd on Wednesday celebrated a 12 per cent climb in first quarter net income amid reduced expenses and strong retail sales. The company said its net income was $4.1 million, or 30 cents a diluted share, compared with $3.7m, or 29 cents a diluted share, in the year-ago period. Net sales soared to $66.6m from $53.4m.