US designer, wholesaler and retailer of fashion footwear, Steve Madden Ltd., has reported positive preliminary results for the third quarter. Based on stronger than anticipated sales in both the wholesale and retail divisions throughout the quarter, the company expects to report third quarter net sales in the range of approximately $99 million to $100 million, compared with $88.6 million in the same period of the prior year, an increase of approximately 12% to 13%. 

"Our third quarter performance is a strong testament to the continued progress we are making in improving our overall operations, and accordingly, we are optimistic about the long-term," said Jamieson Karson, chairman and CEO.