Steven Madden Pulls Outlook, Raises Prices in Tariff Upheaval

To see how tariffs are wreaking havoc on US companies, look no further than Steven Madden Ltd., which imports more than half of its goods from China.

In late February, the shoe retailer forecast sales to grow nearly 20% this year. On Wednesday, it pulled that outlook because of what Chief Executive Officer Edward Rosenfeld called “meaningful near-term headwinds” from tariffs.