For the fourth quarter, net sales reached 344.2 million US dollars, up by 0.5% compared to similar period in 2014. Net sales for the wholesale division decreased by 1.8%, totaling 265.0 million US dollars. Retail net sales grew by 8.9% to reach 79.2 million US dollars. Retail comparable store sales for the fourth quarter of 2015 increased by 6.1%.

For fiscal year 2015, net sales totaled 1.4 billion US dollars, a 5.3% growth compared to previous year. Wholesale net sales grew by 3.3% totaling 1.2 billion US dollars. Retail net sales increased by 15.9% totaling 240.3 million US dollars. Retail comparable store sales for fiscal year 2015 grew by 11.2%.

Edward Rosenfeld, Chairman and Chief Executive Officer, commented: “In light of the challenging retail environment and unfavorable weather in the fourth quarter, we are pleased that earnings results for fiscal 2015 are expected to be within the guidance range, albeit at the low end. Fourth quarter diluted EPS is expected to increase more than 25% from the prior year period despite headwinds from a heavily promotional retail environment and a challenging landscape for seasonal products like boots and cold weather accessories.”

Steve Madden designs, sources and markets fashion-forward footwear and accessories for women, men and children. In addition to marketing products under its owned brands. The company also designs and sources products under private label brand names for various retailers. Products are marketed through retail stores and e-commerce websites, as well as department stores, major department stores, mid-tier department stores, specialty stores, luxury retailers, value priced retailers, national chains, mass market merchants and catalog retailers throughout the United States and Canada. The company has distribution arrangements for the marketing of their products in Asia, Europe, the Middle East, Mexico, Australia, South Africa, South America and India.