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March 19, 2013
14:05 EDTSHOO, DSWSteven Madden sell-off a buying opportunity, says Canaccord
Canaccord views the pullback in shares of Steven Madden (SHOO) after DSW (DSW) said comps were down 5% in the first six weeks of Q1 as a buying opportunity. The firm believes business Steven Madden is taking market share and that its business is tracking to plan.
News For SHOO;DSW From The Last 14 Days
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September 30, 2014
07:33 EDTSHOOSteven Madden to acquire Mexico licensee
Steve Madden announced that it has signed a definitive agreement to acquire Trendy Imports S.A. de C.V., Comercial Diecisiette S.A. de C.V., and Maximus Designer Shoes S.A. de C.V., together, known as “SM Mexico”. As Steve Madden’s Mexican licensee, SM Mexico markets Steve Madden products in Mexico in the wholesale channel as well as in Steve Madden-branded retail stores. The purchase is a cash transaction for approximately $15M, subject to a working capital adjustment, plus repayment of a short term loan and an earn-out provision based on future financial performance. The transaction is expected to close in January 2015 and is expected to be accretive, contributing approximately 2c-3c in diluted EPS in 2015.
September 23, 2014
09:39 EDTDSWDSW's Q3 revenues tracking below consneus, says ITG Research
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