Steven Madden, Ltd. (SHOO)
Canaccord Genuity 32nd Annual Growth Conference
August 14, 2012 1:30 PM ET
Ed Rosenfeld – Chairman and CEO
Camilo Lyon – Canaccord Genuity
All right, let’s get started here. Good afternoon everyone, my name is Camilo Lyon and I’m the Footwear and Apparel Analyst here at Canaccord Genuity. It’s my great pleasure to introduce to you the Chairman and CEO of Steve Madden, Ed Rosenfeld.
Steve Madden is a leading fashion, footwear, and accessories company with multiple growth avenues that touch nearly every income demographic. The company has made a series of strategic acquisitions over the last two years that we believe will serve as the future growth engines of the company, not the least of which is the acquisition of the Betsey Johnson brand.
In addition, Steve Madden has a burgeoning international business that is growing in excess of 50% annually, yet only represents about 6% of sales. So with that I will turn it over to Ed to give you a little bit more detail around the company and its prospects, thanks.
Well thanks, Camilo, and thanks to all you for joining us today. What I’d like to do this afternoon is take you through what we see as the key investment highlights for our business.
I’ll talk to you about our strong and diversified brand portfolio, which allows us to reach a broad consumer audience of women, men, and children wherever they shop. I’ll talk to you about our business model, which has become increasingly diversified over the last several years as we’ve expanded into new brands, new channels, new categories and new geographies.