Shoe Retailers Offer More Midpriced Merchandise
Although unusual and outlandish shoes have always been a sign of wealth, the recession has retailers scrambling to offer more affordable footwear options. As Stephanie Rosenbloom recently reported in her New York Times News service article, “Retailers switch how they do business,”* high-end stores like Neiman Marcus and Saks are offering more mid-priced merchandise. Furthermore, in a shocking turn away from his typical mortgage-payment prices, Jimmy Choo recently announced that a pair of his shoes will be available for as little as $55 in H&M stores in November. (I never thought I would write “retail” and “Jimmy Choo” in the same sentence.)
