Shoe firms producing private label lines for mass discounters may face challenges due to trade policies and tariffs. Retailers are now going directly to factories to cut costs, impacting Steven Madden’s private label business. Despite a decline in net income, Steve Madden remains popular with consumers, focusing on boots and dressier styles.

Read more at Yahoo Finance: Sourcing Upheaval Is Giving Mass Retailers a Reason to Bypass Shoe Wholesalers