Sales Help Shoemakers Beat Profit Predictions

The shoe industry has been rapidly rising over the past years, prooving that they can bring in more money than their retailers expect. A famous shoe retailer, Steve Madden, has proven that it is possible to rise up to 3% in one day. It has not only exceeded its' expectations in its wholesale business but also in its' retail business. This explains the supply and demand in the shoe industry. The supply for the type of shoe Steven Madden creates is in high demand at this moment. If Steve Madden is able to capture the selected target market, and keep up with production, supplying these demands will set some of its highest profit levels they have reached in years. An interesting thing to look at would be the how the demand for stock in Steven Madden has influenced the stock market. Wall Street and the stock market erupts when companies with the profit levels like Steve Madden takes in over the course of a year. Stock in the company becomes very popular with investers.