- Steve Madden (SHOO +2.5%) could be well-positioned to benefit from the increased focus on fashion sneakers and sandals by younger women, notes Brian Sozzi.
- The company's double-digit same-store sales growth last quarter backs up the contention of Sozzi that the retailer has "nailed" its latest offering in open toe dress shoes, sandals, and fashion sneakers. The steady growth in demand for fashion sneakers (online and B&M) is a bright spot in the apparel industry (see Google Trends chart).
- Another point in Steve Madden's favor is the Wal-Mart selling channel which could see a bounce this summer.
- Investors have plenty of time to wait for an entry point on SHOO with the next earnings report not scheduled until August 4.
- Shares of Steve Madden are up 17% YTD, but are still 21% lower than their 52-week high.