Posts tagged with "Steve Madden"

fashion illustration for use by 360 Magazine

Summer 2021 Fashion Must Haves

By: Carly Cohen

It’s the most wonderful time of the year…summer!

2021 is the year of fashion comebacks. Let’s look at some summer must-haves.

  • Claw Clips

Claw Clips have been around for a little bit now, but they are not going away anytime soon. There is a variety of colors and styles to choose to match anyone’s style. Especially during the hot summer months, these clips are perfect for keeping hair out of the way while looking super stylish.

  • Rectangle Style Sunglasses

Remember a couple of years ago when oversized sunglasses were in style? Well, things have changed. When it comes to the perfect pair of sunglasses for the summer, go with a rectangular shape. It is flattering for everyone, and gives off a very chic, celebrity look. It is an extremely accessible product to find. Stores like Quay Australia, Urban Outfitters, Amazon, and Ray-Ban all giving different varieties of pricing from only $15–160.

  • Bikini Set

This one is the best trend that has happened all 2020-2021: bikini sets. Spice up a plain bikini with a matching tie skirt or button shirt. This is the perfect look for a beach or pool day this summer. Brands like Revolve and Frankies are showing off this new look, and all the celebrities are wearing it.

  • Rubber Sandles

Sandals are always a necessity for summer, but this specific shoe is life-changing for fashion lovers. The Gucci women’s rubber slide sandal comes in pastel colors, vibrant colors and black and white, so there is something for everyone. Macy’s and Steve Madden have a similar styles for much more affordable prices that still following this fun trend.

  • The Color GREEN

The color green has been so underrated throughout the years, but it is a show stopper this summer. Green is such a flattering color when it comes to showcasing your summer glow. It is so easy to find green accessories, which spruces up any outfit. Green clips, dresses, shirts, purses, shoes, and so much more add a pop to an otherwise plain outfit. It is a beautiful color to wear for a sunny day!

  • Bucket Hats

If someone were to wear a bucket hat and call it fashionable in 2017, I think we would all be a little confused. Now, bucket hats are in-style more than ever right . There are so many different styles from websites such as Aritzia, Amazon, Lack of Colors, and Zara. Only the trendiest men and women are wearing bucket hats this summer. It is time we all get on-board with this trend while it lasts.

  • Terry Cloth

This fabric is now being seen everywhere, and is going to be a summer hit. There are terry bathing suits, cover-ups, and loungewear. It is a super fun look to have for this summer.

  • Bra Tops

The smaller the better! Influencers and celebrities have made it the new trend to wear tiny mini tops paired with baggy jeans and jackets. It is perfect for hot summer days.

  • Side Cut-Outs

Side cut-out dresses are the perfect touch to spice up an outfit. It shows off some skin and is flattering to the body. This has been a huge trend this year, and will continue to become more popular as summertime approaches.

  • Linen Fabric

Nothing is better than linen during the summertime. Linen is breathable and highly absorbent– doesn’t that sound amazing for when the sun is beating on us in the summer months? Linen sheets especially from the brand Parachute, are a great option for a hotel luxury look. Linen button-up shirts have also been a favorite trend this year. Linen shorts are easy to throw over a bikini, to go to dinner, or even to wear for a beach wedding!

  • Over-Sized Blazers

The best way to have the off-duty model look. Over-sized blazers thrown over a mini top with denim shorts is a perfect way to dress up efforlesly while still looking like Hailey Bieber. Brands like H&M, Princess Polly, Vince, and Storets all sell this look, which will fit almost anyone.

  • Back-less Pieces

If it is 80 degrees out all summer long, it must be mandatory for everyone at least tries out a backless look. Back-less pieces make for the perfect fit to feel sexy and stay cool in the heat.

  • The Summer Boot

Boots in the summer? Absolutely. Celebrities and influencers have started this trend and it will be a hit this summer. Pair a short or tall boot with a classy summer dress for brunch.

  • Gold Hoops

Gold hoops have been a staple for some time will continue to be a staple this summer. Pair some gold hoops from Adina’s Jewelry, Madewell, Anthropologie, or Nordstrom with a fun swimsuit for an extra stylish flair.

  • Athleisure Sets

Seize the day with fun matching biker shorts and a sports bra. There are so many stunning colors that all flatter a summer tan. This looks takes zero effort, and is extremely easy to move around in.

Cruel Summer image via freeform for use by 360 Magazine

Cruel Summer by Freeform

Freeform’s New Series “Cruel Summer” Brings You Back to the ’90s With Nationwide Activations on April 24

 Freeform teamed up with Dippin’ Dots, Steve Madden, Amoeba Music, and ’90s-themed Instagram Accounts for a Series of Giveaways, Events, and Sweepstakes

The Network Will Also Host a ‘90s Themed Roller Rink Open to the Publicon April 24 and April 25

Cruel Summer Premieres on Freeform on April 20 at 9:00 PM and is Available on Hulu the Next Day

Freeform is bringing back the ’90s with a series of marketing activations across the nation on April 24th, 2021 to celebrate the premiere of the new, highly-anticipated series, “Cruel Summer.”

From the executive producer, Jessica Biel, comes the chilling story of one girl, Kate Wallis, who goes missing. And another girl, Jeanette Turner, who mysteriously takes over her life. Told over 3 summers in the ’90s, “Cruel Summer” will leave you torn between who to believe and what ‘the truth’ even looks like. Because the deeper you go in this mystery, the darker it gets. In this twisted tale, the truth is how you see it. “Cruel Summer” will premiere with a two-hour event on Tuesday, April 20 at 9:00 PM EDT/PDT and will be available the next day on Hulu. After the series premiere, new episodes will air Tuesdays at 10:00 PM EDT/PDT.

Fans will be immersed in the ’90s with giveaways from iconic brands including Dippin’ Dots, Steve Madden, and Amoeba Music, along with a special Instagram sweepstakes and a ’90s-themed roller skating event at Westfield Century City.

“Freeform’s new series, ‘Cruel Summer,’ takes place over three summers from 1993-1995. We’re excited to be partnering with classic ’90s brands to celebrate this rich time period and drive fan excitement for the series,” says Joe Ortiz, SVP Content Marketing, Freeform.

To celebrate the Cruel Summer ’90s Day, 120 Dippin’ Dots stores across the nation will offer the first 50 fans a free, 10 oz serving of the limited edition “Cruel Summer Chill Thrill” flavor. The flavor is a combination of rainbow ice and cotton candy and will be served in a custom, ’90s themed, color-changing cup. Fans will also receive a ’90s style Cruel Summer branded scrunchie.

At Amoeba Music’s new Hollywood location on Saturday, April 24th, the first 500 fans will receive a free $20 voucher to buy a ’90s vinyl or CD of their choice. The first 500 fans will also receive a free Cruel Summer ’90s choker necklace. Amoeba will be spinning a custom playlist featuring artists that can be heard in Cruel Summer and more ’90s faves.

The first 10 fans at 20 Steve Madden stores across the nation will receive a free pair of the iconic ’90s black SLINKY platform slides. Participating locations include: Westfield Century City – Century City, CA; South Coast Plaza – Costa Mesa, CA; 34th St – New York, NY; SoHo – New York, NY; 42nd St – New York, NY; Roosevelt Field – Garden City, NY; Garden State Plaza – Paramus, NJ; Towson Town Center – Towson, MD; Lenox Square – Atlanta, GA; Perimeter Mall – Atlanta, GA; Aventura Mall – Aventura, FL; Dadeland Mall – Miami, FL; Town Center at Boca Raton – Boca Raton, FL; Lincoln Road – Miami Beach, FL; The Galleria – Houston, TX; Galleria Dallas – Dallas, TX; North Star Mall – San Antonio, TX; La Plaza – McAllen, TX; Scottsdale Fashion Square – Scottsdale, AZ; and Fashion Show – Las Vegas, NV.

The Cruel Summer ’90s Roller Rink will take place at the Westfield Century City Mall Atrium on April 24th and 25th. Fans can expect to have a chance to score ’90s-inspired Cruel Summer swag, discover easter eggs from the show hidden throughout the activation, and other surprises and delights.

Fans who are not able to attend in-person giveaways can still participate in the Cruel Summer ’90s Day through a special sweepstakes on the Freeform Instagram account and ’90s themed accounts ’90sanxietyiamthirtyaf, and forever_’90s_fan. Fans can enter for a chance to win a ’90s-themed prize pack including a you-go-girl necklace, roller skates, a Garbage band t-shirt, a cassette tape player, a pair of Steve Madden SLINKY shoes, an Amoeba Music gift card, a Dippin’ Dots gift card, and a Caboodle.

NO PURCHASE NECESSARY. Void where prohibited. Open only to persons, who are, as of entry, 18 years of age and older (or age of majority in their state of primary residence, whichever is older), legal residents of, and physically located within, the 50 states of the U.S. or D.C. Entries must be received between 11:00am PT on 4/24/21 and 11:59pm PT on 4/28/21. Get friend’s permission to tag. Click here for full Official Rules and entry details.

For more information on Cruel Summer, visit Freeform’s website.

About Freeform

Freeform connects to audiences with bold original programming and immersive social engagement that moves the cultural conversation a little forward. Freeform channels the force and momentum of its young adult audience in its quest for progress with authentic, groundbreaking original series such as “grown-ish,” “The Bold Type,” “Good Trouble,” “Motherland: Fort Salem,” “Everything’s Gonna Be Okay” and “Cruel Summer.” The network also programs tentpole events such as “31 Nights of Halloween,” “Kick Off to Christmas” and “25 Days of Christmas.”

About Cruel Summer

From executive producer Jessica Biel (“The Sinner”), Cruel Summer is a psychological thriller that follows two young women: Kate Wallis, the popular girl with a charmed life who one day goes missing, and Jeanette Turner, the nerdy wannabe who is accused of being connected to Kate’s disappearance. All signs point to Jeanette’s guilt, but is Kate really who she seems to be? Set over three summers and told through shifting points of view, the series challenges perception and follows how one girl can go from being a sweet outlier to the most despised person in America. The series stars Olivia Holt, Chiara Aurelia, Michael Landes, Froy Gutierrez, Harley Quinn Smith, Allius Barnes, Blake Lee and Brooklyn Sudano. Cruel Summer comes from studio One and was created by Bert V. Royal. Tia Napolitano serves as showrunner. Executive producers include Napolitano, Royal and Iron Ocean Productions’ Jessica Biel and Michelle Purple. Max Winkler directs and executive produces the pilot. After the series premiere, new episodes will air Tuesdays at 10:00 p.m. EDT/PDT.

About Dippin’ Dots

Dippin’ Dots has produced and distributed its flash frozen tiny beads of ice cream, yogurt, sherbet and flavored ice products since 1988. Made at the company’s production facility in Paducah, Kentucky, Dippin’ Dots distributes its unique frozen products in all 50 states and 7 countries through its franchised and direct distribution network. For more information, including franchise opportunities, visit their website. Follow Dippin’ Dots on FacebookInstagram and Twitter.

About Steve Madden

Steve Madden designs, sources and markets fashion-forward footwear, accessories and apparel for women, men and children. In addition to marketing products under its own brands including Steve Madden®, Dolce Vita®, Betsey Johnson®, Blondo®, GREATS®, BB Dakota® and Mad Love®, Steve Madden is a licensee of various brands, including Anne Klein® and Superga®. Steve Madden also designs and sources products under private label brand names for various retailers. Steve Madden’s wholesale distribution includes department stores, specialty stores, luxury retailers, national chains, mass merchants and online retailers. Steve Madden also operates retail stores and e-commerce websites. Steve Madden licenses certain of its brands to third parties for the marketing and sale of certain products, including ready-to-wear, outerwear, eyewear, hosiery, jewelry, sunglasses, fragrance, luggage and bedding and bath products. For local store information and the latest Steve Madden booties, pumps, men’s and women’s boots, fashion sneakers, slippers, dress shoes, sandals and more, visit their website.

About Amoeba Music

Amoeba Music, the world’s largest independent record store, draws all kinds of customers seeking rare, hard-to-find and not-so-hard to find music, movies, posters, t-shirts and more. With stores in Hollywood, San Francisco and Berkeley and at Amoeba.com, they stock everything – from the most popular artists to the most obscure in all genres.. With an all-star team of record store veterans, their collective depth of knowledge is virtually unparalleled in the business. Amoeba Music is also the ultimate source for cinema, with thousands of titles in every genre on DVD, Blu-ray, VHS, and even Laserdisc.

Steve Madden x Financial Results

Steve Madden Announces Fourth Quarter and Full Year 2019 Results 

Steve Madden (Nasdaq: SHOO), a leading designer and marketer of fashion-forward footwear, accessories and apparel for women, men and children, today announced financial results for the fourth quarter and full-year ended December 31, 2019, and provided initial fiscal year 2020 revenue and EPS guidance.

Amounts referred to as “Adjusted” exclude the items that are described under the heading “Non-GAAP Adjustments.” The Company reclassed commission and licensing fee income to Total Revenue and reclassed its respective expenses into Operating Expenses from previously labeled Commission and Licensing Fee Income – Net on the Company’s Consolidated Statement of Operations for each period provided. For the Fourth Quarter 2019: Revenue increased 0.7% to $419.6 million compared to $416.8 million in the same period of 2018.

Gross margin was 37.7% compared to 38.1% in the same period last year. Adjusted gross margin was 37.8% in 2019.

Operating expenses as a percentage of revenue were 33.1% compared to 32.1% in the same period of 2018. Adjusted operating expenses as a percentage of revenue were 30.0% compared to 29.0% in the same period of 2018.

Income from operations totaled $19.5 million, or 4.6% of revenue, compared to $25.0 million, or 6.0% of revenue, in the same period of 2018. Adjusted income from operations was $33.0 million, or 7.9% of revenue, compared to Adjusted income from operations of $37.9 million, or 9.1% of revenue, in the same period of 2018.

Net income attributable to Steven Madden, Ltd. was $17.8 million, or $0.21 per diluted share, compared to $12.5 million, or $0.15 per diluted share, in the prior year’s fourth quarter. Adjusted net income attributable to Steven Madden, Ltd. was $32.2 million, or $0.39 per diluted share, compared to $35.7 million, or $0.42 per diluted share, in the prior year’s fourth quarter.

Edward Rosenfeld, Chairman and Chief Executive Officer, commented, “We are pleased to have achieved Adjusted diluted EPS at the high end of our guidance range for the fourth quarter and full year 2019. Fiscal year 2019 was a strong year for the Company, with revenue and Adjusted diluted EPS increasing mid-single digits on a percentage basis compared to the prior year despite significant headwinds from the bankruptcy of Payless ShoeSource and the tariffs implemented on accessories, footwear and apparel from China.

“Looking ahead, while we are cautious on the near-term outlook due to additional headwinds from the coronavirus outbreak, China tariffs and the termination of the Kate Spade footwear license, we are confident that the strength of our brands and our business model will enable us to drive earnings growth and shareholder value creation over the long term.”

Fourth Quarter 2019 Segment Results
Revenue for the wholesale business decreased 1.1% to $313.8 million in the fourth quarter of 2019 due primarily to a decrease in wholesale accessories/apparel revenue. Wholesale footwear revenue declined 0.2% with a decline in the branded business offset by a gain in private label. Wholesale accessories/apparel revenue decreased 3.6% driven by declines in private label handbags and cold weather accessories, partially offset by the addition of the BB Dakota apparel business. Gross margin in the wholesale business decreased to 29.2% compared to 30.1% in last year’s fourth quarter driven by tariffs on goods imported from China.

Retail revenue in the fourth quarter rose 8.7% to $101.1 million compared to $93.0 million in the fourth quarter of the prior year. Same store sales increased 6.7% in the quarter driven by strong performance in the Company’s e-commerce business. Retail gross margin was 61.2% in the fourth quarter of 2019 compared to 61.0% in last year’s fourth quarter. Adjusted gross margin in the retail segment increased to 61.6% in the fourth quarter of 2019 compared to 61.0% in the fourth quarter of the prior year due to a reduction in promotional activity.

The Company ended the quarter with 227 company-operated retail locations, including eight Internet stores, as well as 31 company-operated concessions in international markets.

The Company’s effective tax rate for the fourth quarter of 2019 was 15.9% compared to 52.7% in the fourth quarter of 2018. On an Adjusted basis, the effective tax rate was 6.3% compared to 9.2% in the fourth quarter of the prior year due to the impact of the year-over-year benefit resulting from the exercising and vesting of share-based awards.

Full Year Ended December 31, 2019

For the full year ended December 31, 2019, revenue increased 6.5% to $1.8 billion from $1.7 billion in the prior year.

Net income attributable to Steven Madden, Ltd. was $141.3 million, or $1.69 per diluted share, for the year ended December 31, 2019 compared to net income of $129.1 million, or $1.50 per diluted share, for the year ended December 31, 2018. On an Adjusted basis, net income attributable to Steven Madden, Ltd. was $162.8 million, or $1.95 per diluted share, for the year ended December 31, 2019 compared to net income of $157.7 million, or $1.83 per diluted share, for the year ended December 31, 2018.

Balance Sheet and Cash Flow
During the fourth quarter of 2019, the Company repurchased 589,809 shares of the Company’s common stock for approximately $25.3 million, which includes shares acquired through the net settlement of employee stock awards. For the full year ended December 31, 2019, the Company repurchased 3.0 million shares of the Company’s common stock for approximately $101.8 million, which includes shares acquired through the net settlement of employee stock awards.

As of December 31, 2019, cash, cash equivalents and current marketable securities totaled $304.6 million.

Quarterly Dividend
The Company’s Board of Directors approved a quarterly cash dividend of $0.15 per share. The dividend will be paid on March 27, 2020, to stockholders of record at the close of business on March 17, 2020.

Fiscal Year 2020 Outlook

For fiscal year 2020, the Company expects revenue will increase 0% to 1% over revenue in 2019. The Company expects diluted EPS for fiscal year 2020 will be in the range of $1.70 to $1.80. Compared to the prior year, the diluted EPS range reflects an adverse impact of approximately $0.35 from the combined impact of the coronavirus, tariffs on goods from China, the termination of the Kate Spade footwear license and a higher anticipated tax rate.

Non-GAAP Adjustments

Amounts referred to as “Adjusted” exclude the items below.

For the fourth quarter 2019:

$8.9 million pre-tax ($8.9 million after-tax) vendor support associated with the Payless ShoeSource bankruptcy, included in operating expenses.

$4.0 million pre-tax ($3.0 million after-tax) expense in connection with a provision for a legal settlement and related fees, included in operating expenses.

$0.4 million pre-tax ($0.3 million after-tax) expense in connection with the termination of a joint venture, included in cost of goods sold; $0.2 million pre-tax ($0.1 million after-tax) expense in connection with the termination of a joint venture, included in operating expenses; and $0.2 million after-tax income in connection with the termination of a joint venture, included in net loss attributable to noncontrolling interest.

$0.04 million pre-tax ($0.03 million after-tax) expense in connection with the acquisitions of GREATS and BB Dakota, included in operating expenses.

$2.2 million tax expense in connection with deferred tax and other tax adjustments.

For the fourth quarter 2018:

$12.1 million pre-tax ($11.5 million after-tax) in bad debt expense and write-off of an unamortized buying agency agreement support payment associated with the Payless ShoeSource bankruptcy, included in operating expenses.

$0.5 million pre-tax ($0.3 million after-tax) expense in connection with a provision for early lease termination charges, included in operating expenses.

$0.3 million pre-tax ($0.2 million after-tax) expense in connection with the integration of the Schwartz & Benjamin acquisition and the related restructuring, included in operating expenses.

$11.1 million tax expense resulting from the Tax Cuts and Jobs Act transition tax and prepaid tax adjustments related to prior years.

For the fiscal year 2019:

$8.7 million pre-tax ($8.6 million after-tax) vendor support, net of recovery of bad debt expense associated with the Payless ShoeSource bankruptcy, included in operating expenses.

$5.4 million pre-tax ($4.1 million after-tax) expense in connection with early lease termination charges and the impairment of lease right-of-use assets.

$4.1 million pre-tax ($3.0 million after-tax) non-cash expense associated with the impairment of the Brian Atwood trademark.

$4.0 million pre-tax ($3.0 million after-tax) expense in connection with provision for a legal settlement and related fees, included in operating expenses.

$1.9 million pre-tax ($1.4 million after-tax) net benefit associated with the change in a contingent liability and the acceleration of amortization related to the termination of the Kate Spade license agreement as of December 31, 2019.

$1.1 million pre-tax ($0.8 million after-tax) expense in connection with the acquisitions of GREATS and BB Dakota, included in operating expenses.

$0.7 million pre-tax ($0.5 million after-tax) expense in connection with a divisional headquarters relocation.

$0.4 million pre-tax ($0.3 million after-tax) expense in connection with the termination of a joint venture, included in cost of goods sold; $0.2 million pre-tax ($0.1 million after-tax) expense in connection with the termination of a joint venture, included in operating expenses; and $0.2 million after-tax income in connection with the termination of a joint venture, included in net income attributable to noncontrolling interest.

$2.6 million tax expense in connection with deferred tax and other tax adjustments.

For the fiscal year 2018:

$12.1 million pre-tax ($11.5 million after-tax) in bad debt expense and write-off of an unamortized buying agency agreement support payment associated with the Payless ShoeSource bankruptcy, included in operating expenses.

$2.8 million pre-tax ($2.1 million after-tax) expense in connection with a provision for a settlement, included in operating expenses.

$2.1 million pre-tax ($1.5 million after-tax) expense in connection with the integration of the Schwartz & Benjamin acquisition and the related restructuring, included in operating expenses.

$1.2 million pre-tax ($0.9 million after-tax) expense in connection with a warehouse consolidation, included in operating expenses.

$1.0 million tax expense in connection with the impairment of the preferred interest investment in Brian Atwood Italia Holding, LLC recorded in fourth quarter 2017.

$0.5 million pre-tax ($0.3 million after-tax) expense in connection with a provision for early lease termination charges, included in operating expenses.

$11.1 million tax expense resulting from the Tax Cuts and Jobs Act transition tax and prepaid tax adjustments related to prior years.

Reconciliations of amounts on a GAAP basis to Adjusted amounts are presented in the Non-GAAP Reconciliation tables at the end of this release and identify and quantify all excluded items.

Conference Call Information

Interested stockholders are invited to listen to the fourth quarter and fiscal year 2019 earnings conference call scheduled for today, February 27, 2020 at 8:30 a.m. Eastern Time. The call will be broadcast live over the Internet and can be accessed by logging onto http://stevemadden.gcs-web.com. An online archive of the broadcast will be available within two hours of the conclusion of the call and will be accessible for a period of 30 days following the call.

About Steve Madden

Steve Madden designs, sources and markets fashion-forward footwear, accessories and apparel for women, men and children. In addition to marketing products under its own brands including Steve Madden®, Dolce Vita®, Betsey Johnson®, Blondo®, Report®, Brian Atwood®, Cejon®, GREATS®, BB Dakota®, Mad Love® and Big Buddha®, Steve Madden is a licensee of various brands, including Anne Klein®, Superga® and DKNY®. Steve Madden also designs and sources products under private label brand names for various retailers. Steve Madden’s wholesale distribution includes department stores, specialty stores, luxury retailers, national chains and mass merchants. Steve Madden also operates 227 retail stores (including eight Internet stores). Steve Madden licenses certain of its brands to third parties for the marketing and sale of certain products, including ready-to-wear, outerwear, eyewear, hosiery, jewelry, fragrance, luggage and bedding and bath products. For local store information and the latest Steve Madden booties, pumps, men’s and women’s boots, fashion sneakers, dress shoes, sandals and more, visit http://www.stevemadden.com.

Safe Harbor Statement Under the U.S. Private Securities Litigation Reform Act of 1995

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include, among others, statements regarding revenue and earnings guidance, plans, strategies, objectives, expectations and intentions. Forward-looking statements can be identified by words such as: “may”, “will”, “expect”, “believe”, “should”, “anticipate”, “project”, “predict”, “plan”, “intend”, or “estimate”, and similar expressions or the negative of these expressions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they represent the Company’s current beliefs, expectations and assumptions regarding anticipated events and trends affecting its business and industry based on information available as of the time such statements are made. Investors are cautioned that such forward-looking statements are inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which may be outside of the Company’s control. The Company’s actual results and financial condition may differ materially from those indicated in these forward-looking statements. As such, investors should not rely upon them. Important risk factors include:

  • the Company’s ability to accurately anticipate fashion trends and promptly respond to consumer demand
  • the Company’s ability to compete effectively in a highly competitive market
  • the Company’s ability to adapt it business model to rapid changes in the retail industry
  • the Company’s dependence on the retention and hiring of key personnel
  • the Company’s ability to successfully implement growth strategies and integrate acquired businesses
  • the Company’s reliance on independent manufacturers to produce and deliver products in a timely manner, especially when faced with adversities such as work stoppages, transportation delays, public health emergencies, social unrest, changes in local economic conditions, and political upheavals as well as meet the Company’s quality standards
  • changes in trade policies and tariffs imposed by the United States government and the governments of other nations in which the Company manufactures and sells products
  • disruptions to product delivery systems and the Company’s ability toproperly manage inventory
  • the Company’s ability to adequately protect its trademarks and other intellectual property rights; legal, regulatory, political and economic risks that may affect the Company’s sales in international markets
  • changes in U.S. and foreign tax laws that could have an adverse effect on the Company’s financial results; additional tax liabilities resulting from audits by various taxing authorities
  • the Company’s ability to achieve operating results that are consistent with prior financial guidance
  • other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.

The Company does not undertake any obligation to publicly update any forward-looking statement, including, without limitation, any guidance regarding revenue or earnings, whether as a result of new information, future developments or otherwise.

STEVEN MADDEN, LTD. AND SUBSIDIARIES

Operations Data, Balance Sheet Data, Cash Flow Data, and Non-GAAP Reconciliation can be viewed HERE.

EZI RELEASES REDEMPTION VIDEO 

STEVE MADDEN’S 5TOWNS RECORDS’ DEBUT ARTIST EZI

RELEASES “REDEMPTION” VIDEO VIA REFINERY 29 TODAY

(WATCH HERE)

UPCOMING FESTIVAL PERFORMANCES AT MADE IN AMERICA (9/2) & KAABOO (9/15)

HEADLINE PERFORMANCE ON 9/13 AT FREEHOLD BROOKLYN

DEBUT EP DUE THIS FALL


Photo by: Nikko Lamere

Having recently been revealed as the first signing to shoe designer Steve Madden’s newly launched 5Towns Records—the label founded by Madden and music/marketing veteran Steve Feinberg – EZI dropped the official video for her debut single “REDEMPTION” today, via Refinery 29. Watch HERE.

Co-directed by Antony Langdon (member/vocalist of the band Spacehog) and EZI, as well as conceptualized by both, the video takes the viewer down the rabbit hole into a modern-day, but vacant ‘wonderland.’ “I wanted to create a world that felt like my mind at the time of writing ’Redemption,’ says EZI. “A place that is dark and that often I get lost in. In the video, I’m going on an adventure where I’m both running away and towards something. I’m running from a part of myself or from a state of mind. Ultimately the message of the song is to embrace your vulnerability, because it’s our vulnerability and darkness that allows us see the light and beauty that does exist.” Fans can also get a behind-the-scenes look at the making of the video HERE.

EZI will also make her festival debut at Philadelphia’s Made in America festival, this Saturday, 9/2, performing with frequent collaborator, DJ/Producer, Kap Slap, as well as at Kaaboo Festival in San Diego 9/15. EZI will also headline FREEHOLD Brooklyn on 9/13 (8pm Doors/9:30pm Performance. Fans can enter to win a pair of tickets to Made in America (Saturday only) or attend the 9/13 performance in Brooklyn, NY for FREE, by heading over to www.eziofficial.com and signing up for the EZI mailing list.

Upon the audio release and debut of “REDEMPTION,” Nylon Magazine urged listeners to “press play and twirl to your own broken-hearted fantasy” and described it as “playful, sad, and made for warm summer nights.” Listen HERE. Billboard Magazine hailed “the minimalist pop jam stands as a perfect introduction to EZI, who used a low moment last year to empower herself and accept ‘all I’ve got’ as the chorus touts.” 

The Long Island, New York native wrote the song in August 2016, during one of the lowest points in her life. On hiatus from Nickelodeon’s The Other Kingdom, which she starred in for its one on-air season, EZI bought a one-way ticket to Los Angeles to focus on her music career for a few months (EZI grew up acting, dancing, and singing). But when she arrived in the City of Angels earlier that summer, she found herself at an unexpected crossroads.

“I’ve always struggled with depression,” EZI says. “I’m a very emotional person. [When I wrote “REDEMPTION”], I was living alone in Hollywood, my schedule was all over the place, I was going through some stuff personally … but more than that, I don’t even know what triggered it—I was honestly so lost, so detached, so removed from myself. Most people actually think [the song] is about a relationship [with another person], but it’s actually about the relationship I have with myself. You wake up loving yourself, you wake up hating yourself, [or] being upset or disappointed. 

Fans can expect the debut EP from EZI this coming fall!

ABOUT 5TOWNS RECORDS:

5Towns Records is an American record label based in New York City, founded by shoe designer Steve Madden and his business partner, music industry & branding veteran Steve Feinberg.

Feinberg whose company 8spoke, consults for Madden’s brands on music/culture, has been working with Steve Madden on all brand music endeavors for the last 5 years. With the continuing success and the consistent growth of the Steve Madden Music platform, the two Steve’s decided they wanted to get even closer to the music and the artists… and 5Towns Records was born.

Feinberg’s achievements as a former artist manager, that discovered and managed multi-platinum artist Good Charlotte and worked with a dozen more including, Flight of The Conchords and My Morning Jacket, his work with the major labels, publishers and distribution groups to curate music programs while establishing artist/brand relationships, lead them to create this exciting new venture.

Seeing the industry change incredibly in the past few years, 5Towns considers itself a new label for the new age. Now that brands have become a bigger, more important and more accepted part of the music world, 5TR is in a unique position to help artist be heard AND seen.

Unlike most companies, Steve Madden is not only a brand but a real person, a fan who LOVES music and wants to be an integral part of discovering, working with and developing artists. 5Towns is part of the creation of a whole new version of the industry. While there has been a lot of “artist vs label” sentiment lately, 5TR is uniquely positioned to be artist driven and artist centered. 5TR can alleviate great deal of that skepticism as an independent label with its own funding, but unlike most indie labels out there…they have the ability to utilize the incredible brand association potential (when necessary) to completely separating themselves (when appropriate). 5Towns is in a positively uncommon position. The label will be positioned unique to every artist signed to 5Towns. 5TR seeks to build a stable of artists who are proud of their label. In a cynical time, bookended by tales of corporate overreach, 5TR is a label artists can turn to, knowing their message will be heard and their vision will be supported. 5Towns Records is where passion, hard work, vision, talent, music and ambition meet.