Steve Madden to slash China sourcing by as much as 45% as Trump's tariff plan looms

Steve Madden said Thursday that it will slash the goods it imports from China by as much as 45% over the next year as it braces for President-elect Donald Trump to carry out his pledge for steep tariffs on imports from other countries.On an earnings call, CEO Edward Rosenfeld said the shoe brand has been "planning for a potential scenario in which we would have to move goods out of China more quickly." Over the past few years, he said, it's looked for factories in other countries, including Cambodia, Vietna ...