TILE Financial » shoes http://tilefinancial.com Just another WordPress weblog Wed, 04 Sep 2013 05:54:20 +0000 en-US hourly 1 http://wordpress.org/?v=3.6 Buying Shoes Apparently The Thing To Do In A Recession http://tilefinancial.com/buying-shoes-apparently-the-thing-to-do-in-a-recession/ http://tilefinancial.com/buying-shoes-apparently-the-thing-to-do-in-a-recession/#comments Tue, 10 Nov 2009 22:38:11 +0000 lindsay http://editors.spendgrowgive.com/wordpress/?p=8955 Shoes have been selling increasingly well despite the recession, due to what analysts are calling “frugal fatigue.”

  • While other retail sales have faltered, shoes are increasingly weathering the economic storm.
  • According to analysts, shoes cost less than other items of clothing (even in a good economy), so more people can afford to spend on shoes regardless of their size or economic situation.
  • Shoes are considered more of a necessity than handbags, beautiful dresses or nice suits. And shoes wear down and need to be replaced more quickly than most articles of clothing.

Facts & Figures

  • Shoe sales were at $1.5 billion in October 2009, highest since October 2006.
  • Sales increased 7.9% compared to one year ago.
  • J.C Penney, Dillard’s, and other major retailers cite shoes as one of their best-selling product categories.

Best Quote

“Shoes democratize fashion. You probably can’t buy a Zac Posen dress if you wear a size 14, but you can buy a pair of Jimmy Choo shoes.” – Kathryn Finney, Writer for the Budget Fashionista blog

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