Steven Madden to cut nearly half of China production, NY Times says

Steen Madden will cut approximately half of its China production within the next year as the company braces for tariffs under a second Trump administration, Alexandra Stevenson of The New York Times reports. The retailer told Wall Street analysts it took action as soon as the election results were announced. “We have been planning for a potential scenario in which we would have to move goods out of China more quickly,” said CEO Edward Rosenfeld, according to the Journal.