Steve Madden’s ‘Cautious’ Wholesale Customers Expected to Factor Into Q1 Results Next Week

Steve Madden’s wholesale woes are expected to be a continued factor in its upcoming first quarter results next week, according to Williams Trading analyst Sam Poser.

In a new note on Friday, Poser wrote that while trends were improving for the footwear company, its large wholesale accounts were still cautious with their buys in the first quarter, which may affect sales in the period.

“While there are strong sellers, which include the Hadyn flat sandal, the Graya, double buckle sling-back flat...