A shopper carries a Steven Madden Ltd. shopping bag at Yorkdale mall in Toronto, Ontario, on August 22, 2019. Photographer: Brent Lewin/Bloomberg.

Steven Madden Ltd. is accelerating plans to shift production out of China after Donald Trump’s victory in the U.S. presidential election raised the odds of increased tariffs on imported goods. The shoe retailer now aims to reduce goods manufactured in China by 40 percent within the next year, up from its prior target of a 10 percent reduction. “As of yesterday morning, we are putting that plan into motion,” CEO Edward Rosenfeld told analysts on an earnings call last Thursday.

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