Steven Madden Eyes Acquisitions

NEW YORK (TheStreet) -- Steven Madden(SHOO Quote) is eying some acquisitions; the shoe retailer announced as it reported a 61% surge in its third-quarter profit.

Currently, Steven Madden is looking at companies to buy that are smaller than $30 to $40 million, CEO Edward Rosenfeld said on a conference call -- although he noted that it is possible for management to acquire something for as much as $100 million. The company is also interested in picking up a fashion athletic brand, he said.

Rosenfeld said he already sent a letter of intent to one possible company, and expects the deal to be complete by the end of the year. ...