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Steven Madden Ltd. pulled its sales and profit outlook for the year amid US President Donald Trump’s trade war. The shoe retailer forecast almost 20 percent growth a few months ago.
“We face meaningful near-term headwinds and heightened uncertainty due to the impact of new tariffs on goods imported into the US,” chief executive officer Edward Rosenfeld said in the earnings release.
Steven Madden is the latest US company to withdraw or reduce its annual guidance. Shifting tariff rates and…
