Footwear retailer Steve Madden’s strategy for dealing with U.S. tariffs on Chinese exports has already been in place for a year. CEO Edward Rosenfeld has stated the firm’s strategy involves “one, moving production out of China; two, working with our suppliers to get price concessions on the goods that remain in China; and three, raising selling prices”, though there has been a drag to earnings from tariffs in 3Q 2019. U.S. seaborne imports associated with the firm have expanded faster than the footwear industry average with 4.9% year over year growth in 3Q, com...
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