---
title: "Large retailers are rejecting Steve Madden's price hikes -- Jefferies"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275018092.md"
description: "Large retailers are rejecting Steve Madden's (SHOO) price hikes, leading Jefferies' Corey Tarlowe to downgrade the stock to Underperform and cut its target price by 23% to $30. Major accounts like Walmart, Target, and TJ Maxx are pushing back on prices and opting for private-label options. With 70% of SHOO's business tied to wholesale sales, Tarlowe sees significant headwinds, reducing FY26 wholesale revenue estimates by $250M. The company faces ongoing pressure from import tariffs and has shifted production to mitigate costs, but this has resulted in shipment delays and reduced orders, impacting revenue and margins."
datetime: "2026-02-05T18:42:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275018092.md)
  - [en](https://longbridge.com/en/news/275018092.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275018092.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/275018092.md) | [繁體中文](https://longbridge.com/zh-HK/news/275018092.md)


# Large retailers are rejecting Steve Madden's price hikes -- Jefferies


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