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It’s Been an Awesome Year for Steve Madden So Far

By , the Cut’s financial-advice columnist.  In addition to “My Two Cents,” she writes about work and parenting for the site. Previously, she was the senior features editor at Harper's Bazaar and a senior editor at the Cut. She was also the editorial director for MM.LaFleur. Her work has also been published in Glamour, Art in America, Politico, and other places.

Business for Steve Madden Ltd. is booming, according to the company’s first-quarter report, which showed a net income increase of 16 percent compared to this time last year; fiscal 2011 revenue is predicted to rise between 20 percent and 22 percent. Why? Their shoes are right on trend, apparently: “The trend-right merchandise assortment created by Steve and his design team enabled us to deliver solid top- and bottom-line gains,” said CEO Edward Rosenfeld. Said trends are defined by four categories on the Steve Madden website: “nude attitude,” “bows,” “espadrilles,” and our personal favorite, “glitter.” And just think, this will only get better (or worse?) if Katy Perry gets on board.

Sales, Income Surge at Madden [WWD]

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It’s Been an Awesome Year for Steve Madden So Far