Steven Madden, Ltd. (NasdaqGS:SHOO) is looking for acquisitions. Chairman and Chief Executive Officer, Edward Rosenfeld said, “znd finally, we will continue our commitment to utilizing our strong balance sheet and cash flow to generate returns for shareholders. As I mentioned earlier, at the end of the year, we had $236 million in cash and marketable securities and no debt. And we also generate approximately $140 million of annual free cash flow. This provides us the flexibility to pursue both strategic acquisitions and simultaneously return significant amounts of capital to shareholders in the form of share buybacks.”
Steven Madden, Ltd., and its subsidiaries designs, sources, and markets fashion-forward branded and private label footwear, accessories, and apparel. The Wholesale Footwear segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, shoe chains, online retailers, national chains, specialty retailers, independent stores, and clubs. The Wholesale Accessories/Apparel segment designs, sources, and markets its brands and sells its products to department stores, mass merchants, off-price retailers, online retailers, specialty retailers, independent stores, and clubs. The Direct-to-Consumer segment consists of Steve Madden and Dolce Vita full-price retail stores, Steve Madden outlet stores. Its Licensing segment is engaged in the licensing of the Steve Madden and Betsey Johnson trademarks for use in the sale of select apparel, accessory, and home categories as well as various other non-core products.
STEVEN MADDEN, LTD. 
