UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                              --------------------

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934

                              --------------------

          Date of Report (Date of earliest event reported): May 3, 2005


                               STEVEN MADDEN, LTD.
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)


       Delaware                       0-23702                   13-3588231 
----------------------------        ------------          ----------------------
(State or other jurisdiction        (Commission               (IRS Employer
     of incorporation)              File Number)          Identification Number)


52-16 Barnett Avenue, Long Island City, New York                  11104  
------------------------------------------------                ----------
(Address of principal executive offices)                        (Zip Code)


Registrant's telephone number, including area code:            (718) 446-1800
                                                               --------------


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act
     (17 CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))


Item 2.02       Results of Operations and Financial Condition.
                ---------------------------------------------

On May 3, 2005, Steven Madden, Ltd. issued a press release announcing its
financial results for the first quarter of 2005. A copy of the press release is
furnished as Exhibit 99.1 to this report and is incorporated herein by
reference.


The information in this report, including the exhibit attached hereto, is being
furnished and shall not be deemed "filed" for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise
subject to the liabilities of that Section. The information in this report shall
not be incorporated by reference into any filing under the Securities Act of
1933, or the Exchange Act, except as otherwise expressly stated in such filing.


Item 9.01(c)    Financial Statements and Exhibits.
                ---------------------------------

                99.1    Press Release of Steven Madden, Ltd., dated May 3, 2005,
                        reporting financial results for the first quarter of 
                        2005.


                                      -2-


                                    SIGNATURE

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                       STEVEN MADDEN, LTD.


                                       By: /s/ JAMIESON KARSON
                                           -------------------------------------
                                           Name:  Jamieson Karson
                                           Title: Chairman and Chief Executive
                                                  Officer

Date: May 3, 2005

                                      -3-